Xcel Energy Inc (NYSE:XEL) has been given a consensus recommendation of “Hold” by the fifteen research firms that are currently covering the company, Marketbeat Ratings reports. Nine investment analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating on the company. The average 1 year price target among analysts that have covered the stock in the last year is $48.00.
Several research firms recently weighed in on XEL. 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 12th. UBS Group began coverage on shares of Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 price objective for the company. Morgan Stanley raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 13th. Bank of America cut their price objective on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and issued a $49.00 price objective on shares of Xcel Energy in a research note on Thursday, February 1st.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the sale, the executive vice president now owns 81,371 shares of the company’s stock, valued at approximately $4,155,616.97. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.22% of the company’s stock.
A number of institutional investors and hedge funds have recently made changes to their positions in XEL. Assetmark Inc. increased its holdings in shares of Xcel Energy by 118.9% during the third quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after acquiring an additional 1,190 shares in the last quarter. SeaCrest Wealth Management LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth $105,000. Krilogy Financial LLC acquired a new stake in shares of Xcel Energy in the 3rd quarter worth $127,000. Avestar Capital LLC acquired a new stake in shares of Xcel Energy in the 4th quarter worth $134,000. Finally, BB&T Investment Services Inc. increased its stake in shares of Xcel Energy by 73.3% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 1,155 shares during the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
Xcel Energy (XEL) traded up $0.49 during trading on Tuesday, reaching $44.68. 3,590,000 shares of the company traded hands, compared to its average volume of 3,740,000. Xcel Energy has a 1-year low of $41.51 and a 1-year high of $52.22. The stock has a market capitalization of $22,940.00, a PE ratio of 19.77, a PEG ratio of 3.18 and a beta of 0.12. 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 released its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing the consensus estimate of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the firm posted $0.45 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. equities analysts predict that Xcel Energy will post 2.44 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th were given a dividend of $0.36 per share. The ex-dividend date was Wednesday, December 27th. This represents a $1.44 annualized dividend and a yield of 3.22%. Xcel Energy’s payout ratio is currently 63.72%.
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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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