Xcel Energy Inc. (XEL) Given Consensus Rating of “Hold” by Analysts
Xcel Energy Inc. (NYSE:XEL) has been given a consensus recommendation of “Hold” by the twelve brokerages that are covering the company, Marketbeat Ratings reports. Ten equities research analysts have rated the stock with a hold recommendation, one has given a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $46.20.
Several equities analysts have recently issued reports on the company. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research report on Wednesday, June 28th. Jefferies Group LLC reissued a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a report on Friday, June 9th. BMO Capital Markets boosted their target price on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Morgan Stanley boosted their target price on Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, Argus boosted their target price on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th.
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Xcel Energy (XEL) opened at 49.08 on Friday. Xcel Energy has a 1-year low of $38.00 and a 1-year high of $50.56. The stock has a market capitalization of $24.92 billion, a P/E ratio of 21.67 and a beta of 0.20. The company has a 50-day moving average price of $48.91 and a 200 day moving average price of $46.43.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.43 by $0.02. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business’s revenue was up 5.8% on a year-over-year basis. During the same period in the previous year, the firm posted $0.39 earnings per share. On average, equities analysts predict that Xcel Energy will post $2.20 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be issued a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 2.93%. Xcel Energy’s payout ratio is 63.44%.
In related news, Director Daniel Yohannes purchased 1,000 shares of the company’s stock in a transaction on Tuesday, September 5th. The shares were bought at an average price of $49.53 per share, with a total value of $49,530.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at $49,530. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the executive vice president now directly owns 80,221 shares in the company, valued at approximately $3,790,442.25. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.
Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallel Advisors LLC increased its holdings in shares of Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after buying an additional 36 shares in the last quarter. Carroll Financial Associates Inc. increased its holdings in shares of Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock valued at $108,000 after buying an additional 300 shares in the last quarter. Sandy Spring Bank increased its holdings in shares of Xcel Energy by 24.8% in the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after buying an additional 477 shares in the last quarter. Founders Capital Management bought a new position in shares of Xcel Energy in the first quarter valued at $124,000. Finally, Sharkey Howes & Javer increased its holdings in shares of Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares in the last quarter. 73.05% of the stock is currently owned by institutional investors.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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