Brokerages Set Xcel Energy Inc. (XEL) PT at $46.00
Shares of Xcel Energy Inc. (NYSE:XEL) have been given a consensus rating of “Hold” by the nine ratings firms that are covering the firm. Six equities research analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is C$46.00.
A number of equities analysts recently issued reports on XEL shares. JPMorgan Chase & Co. set a $49.00 target price on Xcel Energy and gave the stock a “buy” rating in a report on Thursday, September 8th. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Wednesday, September 21st. SunTrust Banks Inc. increased their target price on Xcel Energy from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, September 26th. Argus reiterated a “buy” rating and issued a $48.00 target price on shares of Xcel Energy in a report on Monday, September 26th. Finally, Jefferies Group increased their target price on Xcel Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, August 4th.
Xcel Energy (NYSE:XEL) opened at 39.45 on Friday. The company has a 50 day moving average of $41.39 and a 200 day moving average of $41.94. Xcel Energy has a 1-year low of $34.33 and a 1-year high of $45.42. The firm has a market capitalization of $20.04 billion, a P/E ratio of 18.71 and a beta of 0.13.
Xcel Energy (NYSE:XEL) last issued its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The firm earned $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. Xcel Energy’s revenue for the quarter was down .6% on a year-over-year basis. On average, equities research analysts anticipate that Xcel Energy will post $2.20 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be paid a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.45%. The ex-dividend date is Tuesday, September 13th. Xcel Energy’s payout ratio is 64.46%.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of Xcel Energy stock in a transaction on Friday, August 26th. The stock was sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the sale, the executive vice president now directly owns 79,404 shares in the company, valued at approximately C$3,307,970.64. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.20% of the company’s stock.
Several large investors have recently added to or reduced their stakes in XEL. Shell Asset Management Co. boosted its stake in Xcel Energy by 10.7% in the second quarter. Shell Asset Management Co. now owns 288,068 shares of the company’s stock worth $12,900,000 after buying an additional 27,811 shares during the last quarter. Barclays PLC boosted its stake in Xcel Energy by 18.9% in the first quarter. Barclays PLC now owns 823,394 shares of the company’s stock worth $33,758,000 after buying an additional 130,633 shares during the last quarter. Retirement Systems of Alabama boosted its stake in Xcel Energy by 0.8% in the second quarter. Retirement Systems of Alabama now owns 258,960 shares of the company’s stock worth $11,596,000 after buying an additional 2,001 shares during the last quarter. Meeder Asset Management Inc. boosted its stake in Xcel Energy by 1,002.3% in the second quarter. Meeder Asset Management Inc. now owns 16,755 shares of the company’s stock worth $750,000 after buying an additional 15,235 shares during the last quarter. Finally, State Street Corp boosted its stake in Xcel Energy by 7.4% in the first quarter. State Street Corp now owns 25,730,566 shares of the company’s stock worth $1,076,045,000 after buying an additional 1,768,675 shares during the last quarter. Institutional investors own 70.91% of the company’s stock.
About Xcel Energy
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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