Xcel Energy Inc (XEL) Given Average Recommendation of “Hold” by Analysts

Shares of Xcel Energy Inc (NYSE:XEL) have been assigned a consensus rating of “Hold” from the fourteen brokerages that are currently covering the stock, Marketbeat reports. One analyst has rated the stock with a sell rating, eight have given a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $49.45.

Several equities research analysts have recently weighed in on the company. Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. SunTrust Banks reissued a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a report on Monday, December 4th. Morgan Stanley increased their price objective on Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Jefferies Group reissued a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a report on Thursday, August 31st.

In other news, Director Timothy V. Wolf sold 3,000 shares of the company’s stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the sale, the director now owns 3,700 shares in the company, valued at $183,076. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the company’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the sale, the insider now owns 48,424 shares of the company’s stock, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. Insiders have sold 28,363 shares of company stock valued at $1,415,265 in the last 90 days. Company insiders own 0.22% of the company’s stock.

A number of large investors have recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in Xcel Energy by 2.5% in the second quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock worth $1,653,253,000 after acquiring an additional 871,299 shares in the last quarter. JPMorgan Chase & Co. increased its position in shares of Xcel Energy by 6.4% in the third quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock valued at $1,436,147,000 after buying an additional 1,810,629 shares in the last quarter. Franklin Resources Inc. increased its position in shares of Xcel Energy by 0.6% in the second quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock valued at $637,728,000 after buying an additional 85,566 shares in the last quarter. Ameriprise Financial Inc. increased its position in shares of Xcel Energy by 12.2% in the third quarter. Ameriprise Financial Inc. now owns 6,547,453 shares of the utilities provider’s stock valued at $309,800,000 after buying an additional 710,989 shares in the last quarter. Finally, Commonwealth Bank of Australia increased its position in shares of Xcel Energy by 26.9% in the second quarter. Commonwealth Bank of Australia now owns 5,789,794 shares of the utilities provider’s stock valued at $265,634,000 after buying an additional 1,225,622 shares in the last quarter. Hedge funds and other institutional investors own 73.31% of the company’s stock.

Xcel Energy (NYSE:XEL) opened at $48.25 on Monday. The stock has a market capitalization of $24,430.00, a P/E ratio of 20.71, a P/E/G ratio of 3.84 and a beta of 0.21. Xcel Energy has a fifty-two week low of $40.04 and a fifty-two week high of $52.22. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27.

Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company’s revenue was down .8% compared to the same quarter last year. During the same period in the prior year, the company earned $0.90 earnings per share. equities analysts anticipate that Xcel Energy will post 2.31 EPS for the current fiscal year.

The business also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th will be paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 2.98%. The ex-dividend date of this dividend is Wednesday, December 27th. Xcel Energy’s dividend payout ratio (DPR) is presently 61.80%.

TRADEMARK VIOLATION WARNING: This piece was originally posted by American Banking News and is owned by of American Banking News. If you are viewing this piece on another domain, it was stolen and republished in violation of United States & international trademark & copyright law. The correct version of this piece can be accessed at https://www.americanbankingnews.com/2017/12/25/xcel-energy-inc-xel-given-average-recommendation-of-hold-by-analysts.html.

Xcel Energy Company Profile

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.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply