Xcel Energy (NYSE:XEL) had its price target boosted by investment analysts at Morgan Stanley from $57.00 to $60.00 in a report released on Friday, BenzingaRatingsTable reports. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target suggests a potential upside of 0.38% from the company’s current price.
A number of other equities analysts also recently commented on the company. KeyCorp started coverage on Xcel Energy in a report on Tuesday, June 4th. They set an “overweight” rating and a $62.00 target price for the company. Argus upped their price target on Xcel Energy to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Wolfe Research set a $57.00 price target on Xcel Energy and gave the stock a “hold” rating in a research note on Friday, April 26th. Finally, Zacks Investment Research cut Xcel Energy from a “buy” rating to a “hold” rating in a research note on Monday, March 18th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and three have issued a buy rating to the company. Xcel Energy presently has an average rating of “Hold” and an average price target of $56.38.
NYSE:XEL traded up $0.32 during mid-day trading on Friday, reaching $59.77. The stock had a trading volume of 150,330 shares, compared to its average volume of 3,201,525. Xcel Energy has a one year low of $42.15 and a one year high of $60.56.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.61 earnings per share for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.61. The company had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.11 billion. During the same quarter in the previous year, the firm posted $0.57 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year.
In other news, CEO Benjamin G. S. Fowke III sold 50,000 shares of the company’s stock in a transaction on Friday, June 7th. The stock was sold at an average price of $59.81, for a total transaction of $2,990,500.00. Following the transaction, the chief executive officer now directly owns 608,862 shares of the company’s stock, valued at $36,416,036.22. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Robert Frenzel sold 4,400 shares of the company’s stock in a transaction on Tuesday, June 11th. The shares were sold at an average price of $58.60, for a total value of $257,840.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 69,400 shares of company stock worth $4,112,790. Insiders own 0.22% of the company’s stock.
A number of hedge funds have recently bought and sold shares of XEL. Capital Investment Advisory Services LLC bought a new position in Xcel Energy in the fourth quarter valued at about $25,000. Claybrook Capital LLC bought a new position in Xcel Energy in the fourth quarter valued at about $25,000. Altshuler Shaham Ltd bought a new position in Xcel Energy in the fourth quarter valued at about $26,000. Bruderman Asset Management LLC bought a new position in Xcel Energy in the fourth quarter valued at about $27,000. Finally, Golden State Wealth Management LLC bought a new position in Xcel Energy in the first quarter valued at about $31,000. 73.96% of the stock is currently owned by institutional investors.
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.
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