Xcel Energy Inc. (NYSE:XEL) EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the sale, the executive vice president now owns 81,371 shares in the company, valued at $4,155,616.97. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Shares of Xcel Energy Inc. (NYSE:XEL) traded up $0.29 during midday trading on Thursday, reaching $51.09. The company’s stock had a trading volume of 2,071,000 shares, compared to its average volume of 2,593,013. The company has a market cap of $25,794.36, a price-to-earnings ratio of 21.71, a P/E/G ratio of 4.03 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. Xcel Energy Inc. has a fifty-two week low of $38.79 and a fifty-two week high of $52.22.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company’s quarterly revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 EPS. sell-side analysts expect that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.

A number of analysts recently issued reports on XEL shares. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Bank of America started coverage on Xcel Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective on the stock. Morgan Stanley boosted their price objective on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. SunTrust Banks reiterated a “hold” rating and set a $47.00 price objective on shares of Xcel Energy in a research note on Tuesday, October 24th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a research note on Tuesday, October 10th. Nine analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and an average target price of $49.00.

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. ING Groep NV increased its position in shares of Xcel Energy by 1.4% during the 2nd quarter. ING Groep NV now owns 7,177 shares of the utilities provider’s stock valued at $329,000 after purchasing an additional 100 shares during the last quarter. Strs Ohio increased its position in shares of Xcel Energy by 18.7% during the 2nd quarter. Strs Ohio now owns 74,000 shares of the utilities provider’s stock valued at $3,395,000 after purchasing an additional 11,680 shares during the last quarter. Sei Investments Co. increased its position in shares of Xcel Energy by 62.9% during the 2nd quarter. Sei Investments Co. now owns 279,650 shares of the utilities provider’s stock valued at $12,830,000 after purchasing an additional 108,030 shares during the last quarter. Candriam Luxembourg S.C.A. increased its position in shares of Xcel Energy by 1.9% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 52,978 shares of the utilities provider’s stock valued at $2,431,000 after purchasing an additional 965 shares during the last quarter. Finally, Korea Investment CORP increased its position in shares of Xcel Energy by 9.4% during the 2nd quarter. Korea Investment CORP now owns 252,915 shares of the utilities provider’s stock valued at $11,604,000 after purchasing an additional 21,667 shares during the last quarter. Institutional investors and hedge funds own 73.41% of the company’s stock.

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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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