Xcel Energy Inc (XEL) Receives Average Rating of “Hold” from Brokerages

Shares of Xcel Energy Inc (NYSE:XEL) have received an average rating of “Hold” from the fourteen ratings firms that are covering the stock, Marketbeat.com reports. Nine equities research analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $48.91.

XEL has been the topic of a number of analyst reports. Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. SunTrust Banks restated a “hold” rating and issued a $47.00 price objective on shares of Xcel Energy in a research report on Tuesday, October 24th. Morgan Stanley boosted their price target on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. JPMorgan Chase & Co. boosted their price target on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Finally, ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th.

In related news, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the transaction, the insider now owns 48,424 shares in the company, valued at $2,404,735.84. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the sale, the director now directly owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. Insiders have sold 28,363 shares of company stock worth $1,415,265 in the last quarter. 0.22% of the stock is owned by corporate insiders.

A number of large investors have recently bought and sold shares of XEL. Neuberger Berman Group LLC boosted its stake in Xcel Energy by 11.2% during the second quarter. Neuberger Berman Group LLC now owns 11,558 shares of the utilities provider’s stock worth $530,000 after acquiring an additional 1,168 shares in the last quarter. Eaton Vance Management boosted its stake in Xcel Energy by 0.8% during the second quarter. Eaton Vance Management now owns 22,487 shares of the utilities provider’s stock worth $1,032,000 after acquiring an additional 185 shares in the last quarter. BT Investment Management Ltd bought a new stake in Xcel Energy during the second quarter worth about $463,000. ProShare Advisors LLC boosted its stake in Xcel Energy by 0.8% during the second quarter. ProShare Advisors LLC now owns 93,409 shares of the utilities provider’s stock worth $4,286,000 after acquiring an additional 697 shares in the last quarter. Finally, Pinebridge Investments L.P. bought a new stake in Xcel Energy during the second quarter worth about $199,000. 73.32% of the stock is currently owned by institutional investors and hedge funds.

Xcel Energy (NYSE XEL) opened at $45.38 on Friday. Xcel Energy has a 52-week low of $40.43 and a 52-week high of $52.22. The stock has a market cap of $23,040.00, a PE ratio of 19.48, a price-to-earnings-growth ratio of 3.38 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 (NYSE:XEL) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the previous year, the company earned $0.90 earnings per share. The company’s revenue for the quarter was down .8% compared to the same quarter last year. equities research analysts expect 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. Investors of record on Thursday, December 28th will be given a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a dividend yield of 3.17%. The ex-dividend date is Wednesday, December 27th. Xcel Energy’s dividend payout ratio is currently 61.80%.

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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)

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