Investors Buy Xcel Energy (XEL) on Weakness

Investors bought shares of Xcel Energy Inc (NYSE:XEL) on weakness during trading on Wednesday. $27.27 million flowed into the stock on the tick-up and $10.32 million flowed out of the stock on the tick-down, for a money net flow of $16.95 million into the stock. Of all equities tracked, Xcel Energy had the 19th highest net in-flow for the day. Xcel Energy traded down ($0.30) for the day and closed at $44.25

Several research analysts have issued reports on the stock. Mizuho upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, March 27th. SunTrust Banks set a $43.00 price target on shares of Xcel Energy and gave the stock a “hold” rating in a report on Monday, February 5th. Morgan Stanley raised their price target on shares of Xcel Energy from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, April 16th. JPMorgan Chase raised their price target on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, March 28th. Finally, UBS assumed coverage on shares of Xcel Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $47.00 price target for the company. Five analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Xcel Energy has an average rating of “Buy” and a consensus target price of $48.00.

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 quarterly earnings data on Thursday, April 26th. The utilities provider reported $0.57 EPS for the quarter, topping the consensus estimate of $0.51 by $0.06. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the firm posted $0.47 EPS. research analysts predict that Xcel Energy Inc will post 2.44 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, June 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.48%. The ex-dividend date of this dividend is Thursday, June 14th.

In other news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of the firm’s stock in a transaction that occurred on Monday, April 30th. The shares were sold at an average price of $47.01, for a total transaction of $3,760,800.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.22% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of XEL. JPMorgan Chase & Co. grew its position in Xcel Energy by 9.1% in the 1st quarter. JPMorgan Chase & Co. now owns 36,607,897 shares of the utilities provider’s stock valued at $1,664,927,000 after purchasing an additional 3,045,166 shares during the period. Franklin Resources Inc. grew its position in Xcel Energy by 26.9% in the 1st quarter. Franklin Resources Inc. now owns 12,662,118 shares of the utilities provider’s stock valued at $575,873,000 after purchasing an additional 2,682,417 shares during the period. Boston Partners grew its position in Xcel Energy by 43.7% in the 4th quarter. Boston Partners now owns 5,126,143 shares of the utilities provider’s stock valued at $246,619,000 after purchasing an additional 1,557,929 shares during the period. APG Asset Management N.V. grew its position in Xcel Energy by 106.4% in the 4th quarter. APG Asset Management N.V. now owns 2,573,556 shares of the utilities provider’s stock valued at $103,109,000 after purchasing an additional 1,326,900 shares during the period. Finally, Ceredex Value Advisors LLC acquired a new stake in Xcel Energy in the 1st quarter valued at $53,865,000. 73.96% of the stock is owned by institutional investors and hedge funds.

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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