Allianz Asset Management GmbH Sells 41,098 Shares of Xcel Energy Inc. $XEL

Allianz Asset Management GmbH cut its position in shares of Xcel Energy Inc. (NASDAQ:XEL) by 5.6% during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 697,866 shares of the company’s stock after selling 41,098 shares during the quarter. Allianz Asset Management GmbH’s holdings in Xcel Energy were worth $56,283,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Hanson & Doremus Investment Management lifted its holdings in shares of Xcel Energy by 9.1% in the 3rd quarter. Hanson & Doremus Investment Management now owns 1,592 shares of the company’s stock worth $128,000 after acquiring an additional 133 shares during the last quarter. Segment Wealth Management LLC raised its position in Xcel Energy by 2.2% in the 3rd quarter. Segment Wealth Management LLC now owns 6,201 shares of the company’s stock worth $500,000 after purchasing an additional 135 shares during the period. Empirical Finance LLC raised its position in Xcel Energy by 0.7% in the 2nd quarter. Empirical Finance LLC now owns 19,196 shares of the company’s stock worth $1,307,000 after purchasing an additional 140 shares during the period. Warwick Investment Management Inc. lifted its stake in Xcel Energy by 2.9% in the third quarter. Warwick Investment Management Inc. now owns 4,970 shares of the company’s stock worth $401,000 after purchasing an additional 140 shares during the last quarter. Finally, CENTRAL TRUST Co boosted its position in Xcel Energy by 1.7% during the second quarter. CENTRAL TRUST Co now owns 8,315 shares of the company’s stock valued at $566,000 after buying an additional 142 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Stock Performance

Shares of XEL opened at $76.20 on Thursday. The company has a 50-day simple moving average of $75.44 and a two-hundred day simple moving average of $76.18. The company has a debt-to-equity ratio of 1.51, a current ratio of 0.79 and a quick ratio of 0.69. The firm has a market capitalization of $45.08 billion, a PE ratio of 23.23, a price-to-earnings-growth ratio of 2.08 and a beta of 0.46. Xcel Energy Inc. has a one year low of $65.21 and a one year high of $83.01.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, February 5th. The company reported $0.96 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.97 by ($0.01). Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.Xcel Energy has set its FY 2026 guidance at 4.040-4.160 EPS. On average, analysts anticipate that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, January 20th. Investors of record on Monday, December 29th were paid a dividend of $0.57 per share. The ex-dividend date of this dividend was Monday, December 29th. This represents a $2.28 annualized dividend and a yield of 3.0%. Xcel Energy’s payout ratio is presently 69.51%.

Analysts Set New Price Targets

Several research firms have recently commented on XEL. JPMorgan Chase & Co. decreased their price objective on Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a report on Thursday, December 11th. BMO Capital Markets lifted their price target on Xcel Energy from $84.00 to $87.00 and gave the stock an “outperform” rating in a research note on Wednesday, October 15th. Jefferies Financial Group boosted their price objective on Xcel Energy from $84.00 to $92.00 and gave the company a “buy” rating in a research report on Thursday, October 16th. KeyCorp cut their target price on shares of Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Finally, Morgan Stanley reaffirmed an “underperform” rating on shares of Xcel Energy in a research note on Wednesday, January 21st. Three analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating, one has issued a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus price target of $87.40.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.