Investors Buy Shares of Xcel Energy (XEL) on Weakness Following Insider Selling

Investors purchased shares of Xcel Energy Inc. (NYSE:XEL) on weakness during trading on Thursday after an insider sold shares in the company. $31.73 million flowed into the stock on the tick-up and $14.04 million flowed out of the stock on the tick-down, for a money net flow of $17.69 million into the stock. Of all companies tracked, Xcel Energy had the 24th highest net in-flow for the day. Xcel Energy traded down ($0.25) for the day and closed at $50.84Specifically, Director Timothy V. Wolf sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the transaction, the director now owns 3,700 shares of the company’s stock, valued at approximately $183,076. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the transaction, the insider now directly owns 48,424 shares in the company, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 28,363 shares of company stock valued at $1,415,265. 0.22% of the stock is owned by insiders.

XEL has been the topic of a number of research analyst reports. Bank of America initiated coverage on Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 target price on the stock. BidaskClub raised Xcel Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Morgan Stanley raised their price target on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, J P Morgan Chase & Co raised their price target on Xcel Energy from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has given a strong buy rating to the company’s stock. The stock has an average rating of “Hold” and an average target price of $49.00.

The stock has a market cap of $25,794.36, a price-to-earnings ratio of 21.71, a PEG ratio of 4.03 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68.

Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period last year, the firm earned $0.90 EPS. The firm’s revenue was down .8% compared to the same quarter last year. equities analysts forecast that Xcel Energy Inc. will post 2.31 EPS for the current year.

A number of institutional investors and hedge funds have recently bought and sold shares of XEL. ING Groep NV increased its position in Xcel Energy by 1.4% in the 2nd quarter. ING Groep NV now owns 7,177 shares of the utilities provider’s stock valued at $329,000 after acquiring an additional 100 shares during the period. Strs Ohio increased its position in Xcel Energy by 18.7% in the 2nd quarter. Strs Ohio now owns 74,000 shares of the utilities provider’s stock valued at $3,395,000 after acquiring an additional 11,680 shares during the period. Sei Investments Co. increased its position in Xcel Energy by 62.9% in the 2nd quarter. Sei Investments Co. now owns 279,650 shares of the utilities provider’s stock valued at $12,830,000 after acquiring an additional 108,030 shares during the period. Candriam Luxembourg S.C.A. increased its position in Xcel Energy by 1.9% in the 2nd quarter. Candriam Luxembourg S.C.A. now owns 52,978 shares of the utilities provider’s stock valued at $2,431,000 after acquiring an additional 965 shares during the period. Finally, Korea Investment CORP increased its position in Xcel Energy by 9.4% in the 2nd quarter. Korea Investment CORP now owns 252,915 shares of the utilities provider’s stock valued at $11,604,000 after acquiring an additional 21,667 shares during the period. Hedge funds and other institutional investors own 73.41% of the company’s stock.

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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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