Investors Sell Xcel Energy Inc. (XEL) on Strength (XEL)
Investors sold shares of Xcel Energy Inc. (NYSE:XEL) on strength during trading on Friday. $14.48 million flowed into the stock on the tick-up and $35.41 million flowed out of the stock on the tick-down, for a money net flow of $20.93 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 $0.44 for the day and closed at $44.32
Several analysts recently issued reports on the stock. Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a report on Monday, May 2nd. Jefferies Group reaffirmed a “hold” rating on shares of Xcel Energy in a report on Tuesday, May 10th. Deutsche Bank AG reaffirmed a “hold” rating on shares of Xcel Energy in a report on Monday, April 18th. Argus reaffirmed a “buy” rating and issued a $48.00 price target (up from $46.00) on shares of Xcel Energy in a report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price target for the company from $39.00 to $47.00 in a report on Thursday, June 16th. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and three have assigned a buy rating to the company. The company has an average rating of “Hold” and a consensus target price of C$37.99.
The stock has a market capitalization of $22.51 billion and a price-to-earnings ratio of 21.00. The company has a 50-day moving average of $43.45 and a 200-day moving average of $40.67.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Monday, May 9th. The company reported $0.47 EPS for the quarter, meeting the 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 quarter last year, the business earned $0.46 EPS. The company’s revenue for the quarter was down 6.4% on a year-over-year basis. Equities research analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, July 20th. Shareholders of record on Thursday, June 16th were issued a dividend of $0.34 per share. The ex-dividend date was Tuesday, June 14th. This represents a $1.36 annualized dividend and a yield of 3.07%.
A number of institutional investors recently made changes to their positions in XEL. Vanguard Group Inc. increased 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 valued at $1,094,173,000 after buying an additional 1,053,651 shares during the period. Wells Fargo & Company MN increased its position in shares of Xcel Energy by 42.6% in the fourth quarter. Wells Fargo & Company MN now owns 1,330,268 shares of the company’s stock valued at $47,770,000 after buying an additional 397,080 shares during the period. Edge Asset Management Inc. increased its position in shares of Xcel Energy by 11.3% in the fourth quarter. Edge Asset Management Inc. now owns 3,709,490 shares of the company’s stock valued at $133,207,000 after buying an additional 377,500 shares during the period. Victory Capital Management Inc. increased its position in shares of 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, Suntrust Banks Inc. increased its position in shares of Xcel Energy by 157.2% in the fourth quarter. Suntrust Banks Inc. now owns 108,950 shares of the company’s stock valued at $3,911,000 after buying an additional 66,588 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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