Traders Sell Shares of Xcel Energy Inc. (XEL) on Strength (XEL)
Traders sold shares of Xcel Energy Inc. (NYSE:XEL) on strength during trading on Friday. $16.94 million flowed into the stock on the tick-up and $37.84 million flowed out of the stock on the tick-down, for a money net flow of $20.90 million out of the stock. Of all equities tracked, Xcel Energy had the 0th highest net out-flow for the day. Xcel Energy traded up $0.14 for the day and closed at $43.75
XEL has been the topic of a number of analyst reports. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price objective for the company from $39.00 to $47.00 in a research report on Thursday, June 16th. Argus reaffirmed a “buy” rating and set a $48.00 price objective (up from $46.00) on shares of Xcel Energy in a research report on Wednesday, June 15th. Jefferies Group reaffirmed a “hold” rating on shares of Xcel Energy in a research report on Tuesday, May 10th. Finally, Deutsche Bank AG reaffirmed a “hold” rating on shares of Xcel Energy in a research report on Monday, April 18th. Two equities research analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company. The stock presently has a consensus rating of “Hold” and a consensus price target of C$37.99.
The stock has a 50 day moving average of $43.13 and a 200 day moving average of $40.42. The stock has a market cap of $22.22 billion and a price-to-earnings ratio of 20.73.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Monday, May 9th. The company reported $0.47 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.47. The firm earned $2.77 billion during the quarter, compared to analyst estimates of $3 billion. During the same period in the prior year, the company posted $0.46 earnings per share. The firm’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities analysts predict that Xcel Energy Inc. will post $2.20 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 20th. Stockholders of record on Thursday, June 16th will be issued a $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.11%. The ex-dividend date is Tuesday, June 14th.
Several hedge funds and institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Xcel Energy by 3.6% in the fourth quarter. Vanguard Group Inc. now owns 30,469,888 shares of the company’s stock worth $1,094,173,000 after buying an additional 1,053,651 shares in the last quarter. OppenheimerFunds Inc. raised its stake in Xcel Energy by 4.8% in the fourth quarter. OppenheimerFunds Inc. now owns 221,397 shares of the company’s stock valued at $7,959,000 after buying an additional 10,187 shares during the period. Sei Investments Co. raised its stake in Xcel Energy by 76.1% in the fourth quarter. Sei Investments Co. now owns 187,631 shares of the company’s stock valued at $6,737,000 after buying an additional 81,070 shares during the period. Victory Capital Management Inc. raised its stake in Xcel Energy by 19.2% in the fourth quarter. Victory Capital Management Inc. now owns 1,709,679 shares of the company’s stock valued at $61,394,000 after buying an additional 275,435 shares during the period. Finally, Bank of Montreal Can raised its stake in Xcel Energy by 10.1% in the fourth quarter. Bank of Montreal Can now owns 549,434 shares of the company’s stock valued at $19,730,000 after buying an additional 50,433 shares during the period.
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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