Xcel Energy Inc (XEL) Given Consensus Rating of “Hold” by Brokerages

Xcel Energy Inc (NYSE:XEL) has earned an average rating of “Hold” from the fifteen ratings firms that are currently covering the company, MarketBeat reports. Ten equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $48.42.

Several equities research analysts have recently commented on the stock. SunTrust Banks restated a “hold” rating and issued a $47.00 target price on shares of Xcel Energy in a research note on Tuesday, October 24th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Sunday, December 31st. UBS Group assumed coverage on shares of Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 target price on the stock. Morgan Stanley boosted their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a research note on Wednesday, December 13th. Finally, Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Monday, January 15th.

Shares of Xcel Energy (NYSE XEL) opened at $43.76 on Tuesday. Xcel Energy has a 52 week low of $41.16 and a 52 week high of $52.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market cap of $22,220.00, a price-to-earnings ratio of 19.36, a price-to-earnings-growth ratio of 3.18 and a beta of 0.12.

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

The firm also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Thursday, December 28th were issued a $0.36 dividend. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.29%. Xcel Energy’s dividend payout ratio is 63.72%.

In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of Xcel Energy stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the transaction, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 0.22% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the stock. 1st Global Advisors Inc. raised its holdings in shares of Xcel Energy by 0.4% in the second quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock valued at $220,000 after buying an additional 17 shares during the last quarter. First Republic Investment Management Inc. raised its holdings in shares of Xcel Energy by 12.5% in the third quarter. First Republic Investment Management Inc. now owns 9,938 shares of the utilities provider’s stock valued at $471,000 after buying an additional 1,106 shares during the last quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund raised its holdings in shares of Xcel Energy by 1.6% in the third quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 73,722 shares of the utilities provider’s stock valued at $3,489,000 after buying an additional 1,129 shares during the last quarter. Pacer Advisors Inc. raised its holdings in shares of Xcel Energy by 10.4% in the third quarter. Pacer Advisors Inc. now owns 11,996 shares of the utilities provider’s stock valued at $568,000 after buying an additional 1,131 shares during the last quarter. Finally, BB&T Investment Services Inc. raised its holdings in shares of Xcel Energy by 73.3% in the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after buying an additional 1,155 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.

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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.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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