Investors Sell Xcel Energy Inc. (XEL) on Strength (XEL)
Traders 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 15th highest net out-flow for the day. Xcel Energy traded up $0.44 for the day and closed at $44.32
XEL has been the topic of several research analyst reports. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Tuesday, July 12th. Argus reissued a “buy” rating and set a $48.00 target price (up previously 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. Jefferies Group reissued a “hold” rating on shares of Xcel Energy in a research report on Tuesday, May 10th. Finally, JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and raised their target price for the stock from $39.00 to $47.00 in a research report on Thursday, June 16th. Two analysts have rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and a consensus target price of C$37.99.
The company has a market cap of $22.51 billion and a price-to-earnings ratio of 21.00. The stock’s 50-day moving average price is $43.45 and its 200-day moving average price is $40.67.
Xcel Energy (NYSE:XEL) last issued its earnings results on Monday, May 9th. The company reported $0.47 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.47. During the same period in the previous year, the company earned $0.46 EPS. The company earned $2.77 billion during the quarter, compared to analysts’ expectations of $3 billion. Xcel Energy’s quarterly revenue was down 6.4% on a year-over-year basis. On average, equities research analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Wednesday, July 20th. Stockholders of record on Thursday, June 16th were given a $0.34 dividend. This represents a $1.36 annualized dividend and a dividend yield of 3.07%. The ex-dividend date of this dividend was Tuesday, June 14th.
Several large investors recently modified their holdings of the company. Amica Mutual Insurance Co. bought a new stake in shares of Xcel Energy during the fourth quarter valued at $1,136,000. Advisors Asset Management Inc. increased its position in shares of 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 in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in shares of 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 in the last quarter. WFG Advisors LP increased its position in shares of 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 in the last quarter. Finally, Cambridge Investment Research Advisors Inc. increased its position in shares of Xcel Energy by 3.5% in the fourth quarter. Cambridge Investment Research Advisors Inc. now owns 44,874 shares of the company’s stock worth $1,611,000 after buying an additional 1,531 shares in 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.