Shares of Xcel Energy Inc (NYSE:XEL) have been assigned a consensus recommendation of “Hold” from the nine research firms that are presently covering the company. One equities research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $45.13.
A number of brokerages recently issued reports on XEL. Zacks Investment Research lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Jefferies Group LLC reissued a “hold” rating and issued a $44.00 price objective on shares of Xcel Energy in a report on Monday, February 6th. Mizuho initiated coverage on shares of Xcel Energy in a research note on Wednesday. They set a “neutral” rating and a $44.00 target price for the company. Deutsche Bank AG increased their target price on shares of Xcel Energy from $44.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $45.00 target price on shares of Xcel Energy in a research note on Friday, March 17th.
In related news, Director James T. Prokopanko purchased 1,000 shares of the company’s stock in a transaction on Tuesday, February 7th. The shares were bought at an average cost of $41.45 per share, for a total transaction of $41,450.00. Following the completion of the purchase, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $41,450. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
Institutional investors have recently made changes to their positions in the company. Pensionfund Sabic acquired a new position in shares of Xcel Energy during the third quarter worth about $1,728,000. Pensionfund DSM Netherlands acquired a new position in shares of Xcel Energy during the third quarter worth about $3,785,000. Creative Planning raised its position in shares of Xcel Energy by 3.2% in the third quarter. Creative Planning now owns 86,097 shares of the utilities provider’s stock worth $3,542,000 after buying an additional 2,688 shares during the period. Raymond James Trust N.A. raised its position in shares of Xcel Energy by 13.2% in the third quarter. Raymond James Trust N.A. now owns 5,325 shares of the utilities provider’s stock worth $219,000 after buying an additional 621 shares during the period. Finally, First Financial Bank N.A. Trust Division raised its position in shares of Xcel Energy by 6.5% in the third quarter. First Financial Bank N.A. Trust Division now owns 10,658 shares of the utilities provider’s stock worth $438,000 after buying an additional 652 shares during the period. Institutional investors and hedge funds own 70.91% of the company’s stock.
Xcel Energy (NYSE:XEL) traded down 0.40% on Tuesday, reaching $44.62. 2,149,458 shares of the company were exchanged. Xcel Energy has a 12-month low of $38.00 and a 12-month high of $45.42. The firm has a 50-day moving average of $44.21 and a 200 day moving average of $41.48. The firm has a market capitalization of $22.63 billion, a P/E ratio of 20.21 and a beta of 0.09.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, February 2nd. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Xcel Energy had a net margin of 10.11% and a return on equity of 10.41%. The firm earned $2.79 billion during the quarter, compared to analyst estimates of $3.18 billion. During the same quarter in the prior year, the firm posted $0.41 earnings per share. Xcel Energy’s quarterly revenue was up 5.6% on a year-over-year basis. On average, equities analysts predict that Xcel Energy will post $2.20 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Thursday, April 20th. Shareholders of record on Wednesday, March 15th will be paid a $0.36 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.34. This represents a $1.44 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Monday, March 13th. Xcel Energy’s dividend payout ratio is currently 61.54%.
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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