Traders Sell Shares of Xcel Energy Inc. (XEL) on Strength (XEL)
Investors sold shares of Xcel Energy Inc. (NYSE:XEL) on strength during trading hours 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 companies 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
A number of equities research analysts recently weighed in on XEL shares. Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “sell” rating in a research report on Friday. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and boosted their price target for the company from $39.00 to $47.00 in a research report on Thursday, June 16th. Argus reissued a “buy” rating and issued a $48.00 price target (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. Finally, Jefferies Group reissued a “hold” rating on shares of Xcel Energy in a research report on Tuesday, May 10th. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and three have assigned a buy rating to the stock. Xcel Energy has a consensus rating of “Hold” and a consensus price target of C$37.99.
The stock has a market cap of $22.22 billion and a price-to-earnings ratio of 20.73. The stock has a 50-day moving average price of $43.13 and a 200 day moving average price of $40.42.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Monday, May 9th. The company reported $0.47 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.47. The firm had revenue of $2.77 billion for the quarter, compared to analyst estimates of $3 billion. Xcel Energy’s revenue for the quarter was down 6.4% on a year-over-year basis. During the same period in the previous year, the business posted $0.46 earnings per share. Equities research analysts predict that Xcel Energy Inc. will post $2.20 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Wednesday, July 20th. Investors of record on Thursday, June 16th will be issued a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a yield of 3.11%. The ex-dividend date is Tuesday, June 14th.
Other hedge funds and institutional investors recently bought and sold shares of the company. Vanguard Group Inc. increased its position in 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 during the period. Edge Asset Management Inc. increased its position in Xcel Energy by 11.3% in the fourth quarter. Edge Asset Management Inc. now owns 3,709,490 shares of the company’s stock worth $133,207,000 after buying an additional 377,500 shares during the period. Victory Capital Management Inc. increased its position 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 worth $61,394,000 after buying an additional 275,435 shares during the period. Wells Fargo & Company MN increased its position in Xcel Energy by 42.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,330,268 shares of the company’s stock worth $47,770,000 after buying an additional 397,080 shares during the period. Finally, Robeco Institutional Asset Management B.V. increased its position in Xcel Energy by 31.7% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 911,025 shares of the company’s stock worth $32,717,000 after buying an additional 219,531 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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