Press coverage about Xcel Energy (NYSE:XEL) has trended somewhat positive on Friday, according to Accern. The research group identifies positive and negative news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of public companies on a scale of -1 to 1, with scores closest to one being the most favorable. Xcel Energy earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 44.5860657534784 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
These are some of the news articles that may have effected Accern Sentiment’s scoring:
- Comprehensive Stock Analysis – Xcel Energy Inc (NASDAQ: XEL) – Alpha Beta Stock (alphabetastock.com)
- Morgan Stanley Issues Industrywide Utilities Update (finance.yahoo.com)
- Sentiment Indicators Investors Should Rely: Laredo Petroleum, Inc. (LPI), Xcel Energy Inc. (XEL) – Market Movers (financialqz.com)
- 1 Low-Rewarding Stock to Observe: Xcel Energy Inc. (XEL) – Wallstreet Investorplace (wallstreetinvestorplace.com)
- Hot Stock in the Spotlight: Xcel Energy Inc. (NASDAQ: XEL) – Alpha Beta Stock (alphabetastock.com)
A number of research firms have commented on XEL. SunTrust Banks reaffirmed a “hold” rating and issued a $44.00 price objective on shares of Xcel Energy in a report on Tuesday, December 26th. Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a research note on Thursday, February 1st. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Bank of America cut their price objective on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. Finally, Morgan Stanley upgraded shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective on the stock in a research note on Tuesday. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has issued a strong buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and a consensus target price of $48.00.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The company had revenue of $2.80 billion for the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm earned $0.45 earnings per share. Xcel Energy’s revenue for the quarter was up .0% compared to the same quarter last year. analysts expect that Xcel Energy will post 2.44 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were given a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.22%. The ex-dividend date of this dividend was Wednesday, December 27th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.72%.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the sale, the executive vice president now directly owns 81,371 shares in the company, valued at $4,155,616.97. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 0.22% of the stock is currently owned by insiders.
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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