American International Group Inc. Has $11.33 Million Holdings in Xcel Energy Inc. (NASDAQ:XEL)

American International Group Inc. trimmed its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 183,040 shares of the company’s stock after selling 472 shares during the period. American International Group Inc.’s holdings in Xcel Energy were worth $11,332,000 as of its most recent SEC filing.

Other institutional investors have also added to or reduced their stakes in the company. Vanguard Group Inc. boosted its position in Xcel Energy by 15.6% during the 3rd quarter. Vanguard Group Inc. now owns 64,062,856 shares of the company’s stock worth $3,665,677,000 after acquiring an additional 8,644,054 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in Xcel Energy by 7.9% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 19,994,298 shares of the company’s stock worth $1,237,847,000 after purchasing an additional 1,472,435 shares during the last quarter. Hsbc Holdings PLC grew its position in Xcel Energy by 216.1% in the third quarter. Hsbc Holdings PLC now owns 1,627,320 shares of the company’s stock valued at $92,981,000 after purchasing an additional 1,112,510 shares in the last quarter. Jennison Associates LLC increased its stake in Xcel Energy by 184.9% in the 4th quarter. Jennison Associates LLC now owns 1,451,483 shares of the company’s stock valued at $89,861,000 after buying an additional 942,097 shares during the last quarter. Finally, Federated Hermes Inc. boosted its stake in shares of Xcel Energy by 247.8% during the 4th quarter. Federated Hermes Inc. now owns 1,284,305 shares of the company’s stock worth $79,511,000 after buying an additional 915,046 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Price Performance

Shares of NASDAQ XEL opened at $53.24 on Tuesday. The business has a fifty day moving average price of $54.59 and a two-hundred day moving average price of $56.82. The stock has a market capitalization of $29.58 billion, a PE ratio of 15.99, a P/E/G ratio of 2.36 and a beta of 0.38. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. Xcel Energy Inc. has a fifty-two week low of $46.79 and a fifty-two week high of $65.62.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, beating analysts’ consensus estimates of $0.80 by $0.08. The business had revenue of $3.65 billion during the quarter, compared to the consensus estimate of $4.12 billion. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. Xcel Energy’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.76 earnings per share. As a group, equities analysts predict that Xcel Energy Inc. will post 3.56 earnings per share for the current fiscal year.

Xcel Energy Cuts Dividend

The company also recently declared a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be given a dividend of $0.5475 per share. The ex-dividend date is Friday, June 14th. This represents a $2.19 annualized dividend and a dividend yield of 4.11%. Xcel Energy’s dividend payout ratio is 65.77%.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the company. Evercore ISI lifted their target price on Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. TheStreet downgraded Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a report on Monday, March 11th. Bank of America increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the company a “buy” rating in a research note on Monday, April 29th. Finally, KeyCorp lowered their price objective on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a research note on Friday, April 19th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $62.27.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.