Xcel Energy (NYSE:XEL) Given Daily Media Impact Score of 0.23
News stories about Xcel Energy (NYSE:XEL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research group scores the sentiment of news coverage by monitoring more than 20 million news and blog sources in real-time. Accern ranks coverage of publicly-traded companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Xcel Energy earned a media sentiment score of 0.23 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.5598477922371 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the news stories that may have impacted Accern Sentiment Analysis’s analysis:
- Xcel Energy Inc. (XEL) PT Raised to $46.00 at Morgan Stanley (americanbankingnews.com)
- Xcel Energy Inc. (XEL) Stake Down in Latest Report from Thompson Siegel & Walmsley LLC – Highlight Press (highlightpress.com)
- Xcel Energy (XEL) & Edison International (EIX) Head-To-Head Review (americanbankingnews.com)
- Xcel Energy Inc. (XEL) Stake Increased by Sumitomo Mitsui Trust Holdings, Inc. – First News 24 (firstnewspaper24.com)
Several analysts recently issued reports on the company. BidaskClub upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. BMO Capital Markets increased their price objective on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a report on Friday, July 28th. Morgan Stanley increased their price objective on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday. Jefferies Group LLC reiterated a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a report on Friday, June 9th. Finally, Zacks Investment Research lowered Xcel Energy from a “buy” rating to a “hold” rating in a report on Wednesday, June 28th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. Xcel Energy presently has a consensus rating of “Hold” and an average price target of $46.67.
Xcel Energy (NYSE XEL) traded up 0.77% during trading on Thursday, reaching $48.64. The company’s stock had a trading volume of 3,213,406 shares. The company’s 50 day moving average price is $46.82 and its 200 day moving average price is $45.04. Xcel Energy has a 52 week low of $38.00 and a 52 week high of $48.72. The company has a market cap of $24.70 billion, a P/E ratio of 21.47 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping the consensus estimate of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.63 billion. During the same period in the previous year, the firm posted $0.39 EPS. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. On average, equities analysts anticipate that Xcel Energy will post $2.20 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were given a dividend of $0.36 per share. The ex-dividend date was Tuesday, June 13th. This represents a $1.44 annualized dividend and a yield of 2.96%. Xcel Energy’s dividend payout ratio (DPR) is presently 63.44%.
In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the sale, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Insiders own 0.22% of the company’s stock.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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