Stock Traders Purchase Large Volume of Call Options on Xcel Energy (XEL)

Xcel Energy Inc (NYSE:XEL) was the recipient of unusually large options trading activity on Monday. Traders acquired 2,056 call options on the stock. This represents an increase of approximately 3,270% compared to the typical volume of 61 call options.

In other Xcel Energy news, Director Lynn Casey bought 1,000 shares of Xcel Energy stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average price of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the purchase, the director now directly owns 3,131 shares of the company’s stock, valued at $153,074.59. The acquisition was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Judy M. Poferl sold 7,182 shares of Xcel Energy stock in a transaction dated Friday, September 7th. The stock was sold at an average price of $48.67, for a total transaction of $349,547.94. Following the completion of the transaction, the senior vice president now owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.

A number of institutional investors have recently made changes to their positions in the business. State Treasurer State of Michigan lifted its holdings in shares of Xcel Energy by 0.7% in the 2nd quarter. State Treasurer State of Michigan now owns 150,634 shares of the utilities provider’s stock worth $6,881,000 after acquiring an additional 1,100 shares during the last quarter. BB&T Securities LLC lifted its holdings in shares of Xcel Energy by 25.2% in the 2nd quarter. BB&T Securities LLC now owns 5,700 shares of the utilities provider’s stock worth $260,000 after acquiring an additional 1,146 shares during the last quarter. GWM Advisors LLC lifted its holdings in shares of Xcel Energy by 7.8% in the 2nd quarter. GWM Advisors LLC now owns 17,265 shares of the utilities provider’s stock worth $798,000 after acquiring an additional 1,251 shares during the last quarter. First Allied Advisory Services Inc. lifted its holdings in shares of Xcel Energy by 6.5% in the 2nd quarter. First Allied Advisory Services Inc. now owns 21,134 shares of the utilities provider’s stock worth $963,000 after acquiring an additional 1,299 shares during the last quarter. Finally, Thrivent Financial for Lutherans lifted its holdings in shares of Xcel Energy by 6.2% in the 1st quarter. Thrivent Financial for Lutherans now owns 24,986 shares of the utilities provider’s stock worth $1,136,000 after acquiring an additional 1,457 shares during the last quarter. Institutional investors and hedge funds own 73.96% of the company’s stock.

Shares of Xcel Energy stock opened at $46.61 on Wednesday. Xcel Energy has a 1 year low of $41.51 and a 1 year high of $52.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, July 26th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The business had revenue of $2.66 billion during the quarter, compared to analyst estimates of $2.71 billion. During the same period in the previous year, the business posted $0.45 earnings per share. Xcel Energy’s revenue for the quarter was up .5% on a year-over-year basis. analysts forecast that Xcel Energy will post 2.44 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Saturday, October 20th. Shareholders of record on Friday, September 14th will be given a dividend of $0.38 per share. The ex-dividend date is Thursday, September 13th. This represents a $1.52 annualized dividend and a yield of 3.26%.

XEL has been the subject of several recent research reports. Zacks Investment Research downgraded shares of Xcel Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, May 30th. Morgan Stanley reduced their price objective on shares of Xcel Energy from $49.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, June 13th. Bank of America cut shares of Xcel Energy from a “buy” rating to a “neutral” rating and set a $47.00 price objective for the company. in a research note on Wednesday, June 20th. Finally, Barclays began coverage on shares of Xcel Energy in a research note on Tuesday, July 10th. They set an “overweight” rating and a $53.00 price objective for the company. Seven analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The company has an average rating of “Hold” and an average target price of $48.00.

About Xcel Energy

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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