Xcel Energy (XEL) PT Set at $43.00 by SunTrust Banks

Xcel Energy (NYSE:XEL) received a $43.00 price target from SunTrust Banks in a report released on Monday. The brokerage presently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ price objective points to a potential downside of 0.81% from the company’s previous close.

A number of other analysts have also recently commented on XEL. Bank of America started coverage on shares of Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 target price for the company. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Morgan Stanley upped their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $49.00 target price on shares of Xcel Energy in a report on Thursday, February 1st. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.42.

Shares of Xcel Energy (XEL) traded up $0.91 during trading on Monday, reaching $43.35. 5,456,000 shares of the company were exchanged, compared to its average volume of 3,567,141. The company has a market capitalization of $22,011.52, a P/E ratio of 19.18, a price-to-earnings-growth ratio of 3.18 and a beta of 0.12. Xcel Energy has a 12 month low of $41.16 and a 12 month high of $52.22. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27.

Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the company posted $0.45 earnings per share. The firm’s quarterly revenue was up .0% on a year-over-year basis. equities research analysts predict that Xcel Energy will post 2.44 earnings per share for the current fiscal year.

In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the 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 completion of the sale, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.22% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the company. First Republic Investment Management Inc. increased its stake in shares of Xcel Energy by 13.5% in the fourth quarter. First Republic Investment Management Inc. now owns 11,278 shares of the utilities provider’s stock worth $543,000 after purchasing an additional 1,340 shares in the last quarter. Timber Hill LLC purchased a new stake in shares of Xcel Energy in the fourth quarter worth $4,299,000. Dynamic Advisors Solutions LLC increased its stake in shares of Xcel Energy by 142.5% in the fourth quarter. Dynamic Advisors Solutions LLC now owns 44,346 shares of the utilities provider’s stock worth $2,133,000 after purchasing an additional 26,060 shares in the last quarter. Norinchukin Bank The increased its stake in shares of Xcel Energy by 7.4% in the fourth quarter. Norinchukin Bank The now owns 40,597 shares of the utilities provider’s stock worth $1,953,000 after purchasing an additional 2,803 shares in the last quarter. Finally, Ontario Teachers Pension Plan Board increased its stake in shares of Xcel Energy by 15.6% in the fourth quarter. Ontario Teachers Pension Plan Board now owns 231,486 shares of the utilities provider’s stock worth $11,137,000 after purchasing an additional 31,219 shares in the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

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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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