Xcel Energy Inc. (NYSE:XEL)’s share price traded down 1.9% during trading on Thursday . The company traded as low as $44.34 and last traded at $44.47, with a volume of 2,248,611 shares trading hands. The stock had previously closed at $45.33.

A number of equities analysts have commented on the company. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $39.00 to $47.00 in a research note on Thursday, June 16th. Argus restated a “buy” rating and issued a $48.00 target price (up from $46.00) on shares of Xcel Energy in a research note on Wednesday, June 15th. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a research note on Monday, June 13th. Jefferies Group restated a “hold” rating on shares of Xcel Energy in a research note on Tuesday, May 10th. Finally, Deutsche Bank AG restated a “hold” rating on shares of Xcel Energy in a research note on Monday, April 18th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and three have issued a buy rating to the company. The stock currently has an average rating of “Hold” and a consensus price target of C$36.49.

The stock has a market cap of $22.65 billion and a PE ratio of 21.13. The company has a 50 day moving average of $42.64 and a 200 day moving average of $40.16.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.47 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.47. The company had revenue of $2.77 billion for the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the company posted $0.46 EPS. The firm’s quarterly revenue was down 6.4% on a year-over-year basis. Equities analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 20th. Stockholders of record on Thursday, June 16th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.05%. The ex-dividend date of this dividend is Tuesday, June 14th.

Several hedge funds and institutional investors recently made changes to their positions in the stock. Amica Mutual Insurance Co. bought a new position in shares of Xcel Energy during the fourth quarter worth approximately $1,136,000. Advisors Asset Management Inc. boosted its stake in Xcel Energy by 1.9% in the fourth quarter. Advisors Asset Management Inc. now owns 32,462 shares of the company’s stock worth $1,166,000 after buying an additional 606 shares during the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its stake in Xcel Energy by 1.7% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 33,158 shares of the company’s stock worth $1,191,000 after buying an additional 570 shares during the last quarter. WFG Advisors LP boosted its stake in Xcel Energy by 0.9% in the fourth quarter. WFG Advisors LP now owns 33,911 shares of the company’s stock worth $1,218,000 after buying an additional 288 shares during the last quarter. Finally, Commerzbank Aktiengesellschaft FI boosted its stake 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.

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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