Xcel Energy Inc. (NYSE:XEL) Given Average Rating of “Hold” by Brokerages
Xcel Energy Inc. (NYSE:XEL) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is C$46.00.
A number of brokerages recently commented on XEL. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “sell” rating in a report on Friday, July 15th. SunTrust Banks Inc. lowered their target price on Xcel Energy from $42.00 to $41.00 and set a “neutral” rating for the company in a report on Monday, August 29th. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and raised their target price for the company from $39.00 to $47.00 in a report on Thursday, June 16th. Finally, Argus restated a “buy” rating and set a $48.00 target price on shares of Xcel Energy in a report on Monday, September 26th.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the sale, the executive vice president now owns 79,404 shares of the company’s stock, valued at approximately C$3,307,970.64. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.
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Several large investors have recently modified their holdings of the company. Aviva PLC raised its stake in shares of Xcel Energy by 1.1% in the first quarter. Aviva PLC now owns 548,071 shares of the company’s stock valued at $22,920,000 after buying an additional 5,877 shares during the period. Huntington Asset Advisors Inc. acquired a new stake in shares of Xcel Energy during the first quarter valued at $1,495,000. M&T Bank Corp raised its stake in shares of Xcel Energy by 12.9% in the first quarter. M&T Bank Corp now owns 69,645 shares of the company’s stock valued at $2,913,000 after buying an additional 7,944 shares during the period. Advisor Partners LLC raised its stake in shares of Xcel Energy by 4.0% in the first quarter. Advisor Partners LLC now owns 7,629 shares of the company’s stock valued at $319,000 after buying an additional 292 shares during the period. Finally, Bessemer Group Inc. raised its stake in shares of Xcel Energy by 4,611.5% in the first quarter. Bessemer Group Inc. now owns 118,259 shares of the company’s stock valued at $4,945,000 after buying an additional 115,749 shares during the period. 70.91% of the stock is currently owned by institutional investors and hedge funds.
Shares of Xcel Energy (NYSE:XEL) traded up 0.18% during midday trading on Friday, hitting $39.69. The stock had a trading volume of 3,212,860 shares. The firm has a 50 day moving average price of $41.64 and a 200 day moving average price of $41.96. The stock has a market cap of $20.16 billion, a PE ratio of 18.82 and a beta of 0.13. Xcel Energy has a one year low of $34.33 and a one year high of $45.42.
Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.39 EPS for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The firm had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. During the same quarter last year, the business earned $0.39 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. On average, equities analysts forecast that Xcel Energy will post $2.20 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.46%.
Xcel Energy Company Profile
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.
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