Xcel Energy Inc. (NYSE:XEL) has been given an average recommendation of “Hold” by the ten brokerages that are presently covering the stock, Marketbeat Ratings reports. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has issued a buy rating and one has issued a strong buy rating on the company. The average twelve-month price objective among brokerages that have issued ratings on the stock in the last year is $48.13.
A number of equities analysts have commented on XEL shares. Royal Bank Of Canada reaffirmed a “hold” rating and issued a $48.00 price target on shares of Xcel Energy in a research note on Tuesday. Mizuho reaffirmed a “hold” rating and issued a $46.00 price target on shares of Xcel Energy in a research note on Friday, September 29th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 price target on shares of Xcel Energy in a research note on Friday, October 6th. BMO Capital Markets lifted their price target on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Finally, Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th.
In other news, Director Daniel Yohannes purchased 1,000 shares of the company’s stock in a transaction that occurred on Tuesday, September 5th. The shares were bought at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $49,530. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the sale, the executive vice president now owns 80,221 shares in the company, valued at $3,790,442.25. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in shares of Xcel Energy by 2,692.8% during the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock valued at $1,850,897,000 after purchasing an additional 40,148,954 shares in the last quarter. Vanguard Group Inc. boosted its position in shares of Xcel Energy by 2.5% during the second quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock valued at $1,653,253,000 after purchasing an additional 871,299 shares in the last quarter. JPMorgan Chase & Co. boosted its position in shares of Xcel Energy by 12.6% during the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock valued at $1,307,902,000 after purchasing an additional 3,187,095 shares in the last quarter. FMR LLC boosted its position in shares of Xcel Energy by 10.2% during the first quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock valued at $789,955,000 after purchasing an additional 1,644,276 shares in the last quarter. Finally, Franklin Resources Inc. boosted its position in shares of Xcel Energy by 0.6% during the second quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock valued at $637,728,000 after purchasing an additional 85,566 shares in the last quarter. Institutional investors own 72.45% of the company’s stock.
Shares of Xcel Energy (XEL) opened at 47.94 on Wednesday. Xcel Energy has a 12-month low of $38.00 and a 12-month high of $50.56. The company has a market capitalization of $24.34 billion, a PE ratio of 21.17 and a beta of 0.19. The stock’s 50 day moving average price is $48.62 and its 200 day moving average price is $46.95.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. Xcel Energy’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period last year, the firm posted $0.39 EPS. On average, equities research analysts forecast that Xcel Energy will post $2.20 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be given a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.00%. Xcel Energy’s dividend payout ratio is currently 63.44%.
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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