Xcel Energy Inc. (XEL) Sees Large Volume Increase
Shares of Xcel Energy Inc. (NYSE:XEL) saw unusually-high trading volume on Friday . Approximately 2,747,055 shares traded hands during mid-day trading, a decline of 23% from the previous session’s volume of 3,574,567 shares.The stock last traded at $44.17 and had previously closed at $44.32.
XEL has been the subject of several research reports. Barclays PLC reissued a “buy” rating on shares of Xcel Energy in a research report on Saturday, March 19th. Argus reissued a “buy” rating and issued a $48.00 price objective (up from $46.00) on shares of Xcel Energy in a research report on Wednesday, June 15th. Deutsche Bank AG reissued a “hold” rating on shares of Xcel Energy in a research report on Monday, April 18th. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a research report on Saturday, May 28th. Finally, Jefferies Group reissued a “hold” rating on shares of Xcel Energy in a research report on Tuesday, May 10th. One analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus target price of C$36.49.
The stock has a 50-day moving average of $42.52 and a 200-day moving average of $40.10. The company has a market capitalization of $22.65 billion and a PE ratio of 21.13.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Monday, May 9th. The company reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $3 billion. The firm’s revenue for the quarter was down 6.4% compared to the same quarter last year. During the same period last year, the firm earned $0.46 EPS. Equities research analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, July 20th. Shareholders of record on Thursday, June 16th will be given a dividend of $0.34 per share. This represents a $1.36 annualized dividend and a dividend yield of 3.05%. The ex-dividend date is Tuesday, June 14th.
Several hedge funds and institutional investors recently bought and sold shares of the company. Strs Ohio raised its position in Xcel Energy by 0.4% in the fourth quarter. Strs Ohio now owns 51,131 shares of the company’s stock worth $1,836,000 after buying an additional 216 shares during the last quarter. Sei Investments Co. raised its position in Xcel Energy by 76.1% in the fourth quarter. Sei Investments Co. now owns 187,631 shares of the company’s stock worth $6,737,000 after buying an additional 81,070 shares during the last quarter. Cadence Capital Management LLC raised its position in Xcel Energy by 0.6% in the fourth quarter. Cadence Capital Management LLC now owns 32,731 shares of the company’s stock worth $1,175,000 after buying an additional 181 shares during the last quarter. Commerzbank Aktiengesellschaft FI raised its position in Xcel Energy by 58.7% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 40,232 shares of the company’s stock worth $1,445,000 after buying an additional 14,884 shares during the last quarter. Finally, Comerica Bank raised its position in Xcel Energy by 33.5% in the fourth quarter. Comerica Bank now owns 169,673 shares of the company’s stock worth $6,139,000 after buying an additional 42,585 shares during the last quarter.
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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