Xcel Energy Inc. (XEL) Given Average Rating of “Hold” by Analysts
Xcel Energy Inc. (NYSE:XEL) has received a consensus rating of “Hold” from the eight research firms that are presently covering the company. Five equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $45.17.
XEL has been the topic of several analyst reports. Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a research note on Monday, December 5th. Barclays PLC cut shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $44.00 to $42.00 in a research note on Friday, December 2nd. Finally, Jefferies Group LLC reiterated a “hold” rating and set a $44.00 price target on shares of Xcel Energy in a research note on Monday, February 6th.
This article was posted by American Banking News and is the property of of American Banking News. If you are viewing this article on another domain, it was copied illegally and reposted in violation of United States and international copyright legislation. The correct version of this article can be accessed at https://www.americanbankingnews.com/2017/02/17/xcel-energy-inc-xel-given-average-rating-of-hold-by-analysts.html.
This article was originally published by and is the sole property of American Banking News. If you happen to be reading this article on another website, it was stolen and illegally republished in violation of U.S. and International copyright law. The original version of this story can be read at https://www.americanbankingnews.com/2017/02/17/xcel-energy-inc-xel-given-average-rating-of-hold-by-analysts.html
Shares of Xcel Energy (NYSE:XEL) traded down 0.29% on Friday, reaching $41.77. 946,358 shares of the company traded hands. The firm has a market capitalization of $21.22 billion, a P/E ratio of 18.92 and a beta of 0.09. Xcel Energy has a 1-year low of $38.00 and a 1-year high of $45.42. The stock has a 50-day moving average price of $41.11 and a 200 day moving average price of $40.94.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, February 2nd. The company reported $0.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.44 by $0.01. The business had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.18 billion. Xcel Energy had a net margin of 10.11% and a return on equity of 10.41%. The company’s revenue was up 5.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.41 EPS. Analysts anticipate that Xcel Energy will post $2.20 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Friday, January 20th. Stockholders of record on Tuesday, December 27th were given a dividend of $0.34 per share. The ex-dividend date was Thursday, December 22nd. This represents a $1.36 annualized dividend and a dividend yield of 3.25%. Xcel Energy’s payout ratio is 61.54%.
In other news, Director James T. Prokopanko acquired 1,000 shares of the firm’s stock in a transaction dated Tuesday, February 7th. The shares were purchased at an average cost of $41.45 per share, for a total transaction of $41,450.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at $41,450. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. 0.20% of the stock is owned by company insiders.
Several hedge funds have recently made changes to their positions in XEL. State Street Corp increased its stake in shares of Xcel Energy by 0.6% in the fourth quarter. State Street Corp now owns 25,503,216 shares of the company’s stock valued at $1,037,982,000 after buying an additional 162,365 shares during the last quarter. BlackRock Fund Advisors increased its stake in shares of Xcel Energy by 2.9% in the third quarter. BlackRock Fund Advisors now owns 16,591,353 shares of the company’s stock valued at $682,568,000 after buying an additional 469,820 shares during the last quarter. FMR LLC increased its stake in shares of Xcel Energy by 3.1% in the fourth quarter. FMR LLC now owns 16,127,476 shares of the company’s stock valued at $656,388,000 after buying an additional 485,164 shares during the last quarter. BlackRock Institutional Trust Company N.A. increased its stake in shares of Xcel Energy by 3.8% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 14,730,758 shares of the company’s stock valued at $606,023,000 after buying an additional 545,498 shares during the last quarter. Finally, TIAA CREF Investment Management LLC increased its stake in shares of Xcel Energy by 9.9% in the third quarter. TIAA CREF Investment Management LLC now owns 5,866,295 shares of the company’s stock valued at $241,339,000 after buying an additional 527,979 shares during the last quarter. Hedge funds and other institutional investors own 70.91% of the company’s stock.
About Xcel Energy
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.
Receive News & Ratings for Xcel Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy Inc. and related companies with MarketBeat.com's FREE daily email newsletter.