Xcel Energy Sees Significant Growth in Short Interest (XEL)
Shares of Xcel Energy (NYSE:XEL) were the recipient of a large growth in short interest during the month of June. As of June 13th, there was short interest totalling 23,836,757 shares, a growth of 40.0% from the May 30th total of 17,026,024 shares, American Banking News.com reports. Based on an average daily volume of 1,995,088 shares, the days-to-cover ratio is currently 11.9 days. Approximately 4.8% of the company’s stock are short sold.
XEL has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Xcel Energy in a research note on Thursday, June 12th. They now have a $32.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Xcel Energy in a research note on Wednesday, May 7th. They now have a $29.00 price target on the stock, up previously from $28.00. Finally, analysts at ISI Group raised their price target on shares of Xcel Energy from $30.00 to $33.00 in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating and one has assigned a hold rating to the stock. The company currently has a consensus rating of “Sell” and an average price target of $31.67.
Xcel Energy (NYSE:XEL) opened at 31.53 on Friday. Xcel Energy has a 52 week low of $26.90 and a 52 week high of $32.37. The stock’s 50-day moving average is $30.95 and its 200-day moving average is $29.9. The company has a market cap of $15.827 billion and a P/E ratio of 16.16.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, May 1st. The company reported $0.52 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.51 by $0.01. The company had revenue of $3.20 billion for the quarter, compared to the consensus estimate of $2.89 billion. During the same quarter last year, the company posted $0.48 earnings per share. Xcel Energy’s revenue was up 15.1% compared to the same quarter last year. On average, analysts predict that Xcel Energy will post $2.00 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Sunday, July 20th. Stockholders of record on Thursday, June 19th will be paid a dividend of $0.30 per share. This represents a $1.20 annualized dividend and a dividend yield of 3.81%. The ex-dividend date is Tuesday, June 17th.
Xcel Energy Inc is a holding company with subsidiaries engaged primarily in the utility business. During the year ended December 31, 2012, the Company’s operations included the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states.
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