A number of firms have modified their ratings and price targets on shares of Xcel Energy (NYSE: XEL) recently:

  • 9/14/2016 – Xcel Energy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Xcel Energy's long-term investment plans  will strengthen its operations and help it to serve its expanding customer base in a more reliable and efficient manner. The company is also benefitting from improving economic conditions in its service territories. The company is focused on expanding its renewable generation assets and lowering its carbon footprint. However, stricter environmental legislations might call for additional expenditures and curb the company's profits. Despite safety measures, nuclear units run the possibility of accidents and forced shutdown, and Xcel Energy’s nuclear generation assets are not immune to such risks.”
  • 9/12/2016 – Xcel Energy had its price target lowered by analysts at SunTrust Banks Inc. from $41.00 to $40.00. They now have a “neutral” rating on the stock.
  • 9/8/2016 – Xcel Energy was given a new $49.00 price target on by analysts at JPMorgan Chase & Co.. They now have a “buy” rating on the stock.
  • 9/1/2016 – Xcel Energy was upgraded by analysts at Zacks Investment Research from a “sell” rating to a “hold” rating. According to Zacks, “Xcel Energy's long-term investment plans  will strengthen its operations and help it to serve its expanding customer base in a more reliable and efficient manner. The company is also benefitting from improving economic conditions in its service territories. The company is focused on expanding its renewable generation assets and lowering its carbon footprint. However, stricter environmental legislations might call for additional expenditures and curb the company's profits. Despite safety measures, nuclear units run the possibility of accidents and forced shutdown, and Xcel Energy’s nuclear generation assets are not immune to such risks.”
  • 8/29/2016 – Xcel Energy had its price target lowered by analysts at SunTrust Banks Inc. from $42.00 to $41.00. They now have a “neutral” rating on the stock.
  • 8/4/2016 – Xcel Energy had its price target raised by analysts at Jefferies Group from $42.00 to $45.00. They now have a “hold” rating on the stock.

Xcel Energy Inc. (NYSE:XEL) traded up 0.48% during mid-day trading on Wednesday, reaching $41.72. The company’s stock had a trading volume of 435,225 shares. Xcel Energy Inc. has a 12-month low of $33.78 and a 12-month high of $45.42. The company has a 50-day moving average price of $42.04 and a 200-day moving average price of $41.91. The firm has a market cap of $21.19 billion, a PE ratio of 19.78 and a beta of 0.11.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The business earned $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same period in the previous year, the business posted $0.39 EPS. The firm’s revenue was down .6% on a year-over-year basis. On average, equities research analysts expect that Xcel Energy Inc. will post $2.20 earnings per share for the current year.

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The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Shareholders of record on Thursday, September 15th will be paid a $0.34 dividend. This represents a $1.36 annualized dividend and a yield of 3.28%. The ex-dividend date is Tuesday, September 13th. Xcel Energy’s payout ratio is currently 64.46%.

In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the firm’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of C$41.66, for a total value of C$495,754.00. Following the completion of the sale, the executive vice president now owns 79,404 shares of the company’s stock, valued at C$3,307,970.64. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by company insiders.

Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.

5 Day Chart for NYSE:XEL

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