Traders Buy Shares of Xcel Energy (XEL) on Weakness
Traders purchased shares of Xcel Energy Inc (NYSE:XEL) on weakness during trading on Monday. $49.22 million flowed into the stock on the tick-up and $15.52 million flowed out of the stock on the tick-down, for a money net flow of $33.70 million into the stock. Of all stocks tracked, Xcel Energy had the 25th highest net in-flow for the day. Xcel Energy traded down ($0.37) for the day and closed at $45.15
A number of brokerages recently commented on XEL. Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. SunTrust Banks reiterated a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a research report on Monday, December 4th. Morgan Stanley lifted their price objective on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a research report on Wednesday, December 13th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research report on Thursday, November 9th. Finally, Bank of America began coverage on Xcel Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $49.09.
The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. The company has a market capitalization of $22,930.00, a PE ratio of 19.38, a P/E/G ratio of 3.38 and a beta of 0.21.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the business earned $0.90 earnings per share. The company’s revenue for the quarter was down .8% on a year-over-year basis. research analysts expect that Xcel Energy Inc will post 2.31 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, January 20th. Shareholders of record on Thursday, December 28th will be given a $0.36 dividend. The ex-dividend date is Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a yield of 3.19%. Xcel Energy’s dividend payout ratio is currently 61.80%.
In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the sale, the executive vice president now owns 81,371 shares in the company, valued at approximately $4,155,616.97. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction on Monday, November 6th. The shares were sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the sale, the insider now owns 48,424 shares in the company, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. Insiders sold 28,363 shares of company stock worth $1,415,265 in the last 90 days. Company insiders own 0.22% of the company’s stock.
Hedge funds have recently bought and sold shares of the stock. Assetmark Inc. raised its holdings in shares of Xcel Energy by 118.9% in the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after buying an additional 1,190 shares during the period. Sandy Spring Bank raised its holdings in shares of Xcel Energy by 24.8% in the 2nd quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after buying an additional 477 shares during the period. Krilogy Financial LLC purchased a new stake in shares of Xcel Energy in the 3rd quarter valued at $127,000. BB&T Investment Services Inc. raised its holdings in shares of Xcel Energy by 73.3% in the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after buying an additional 1,155 shares during the period. Finally, Sun Life Financial INC raised its holdings in shares of Xcel Energy by 30,858.3% in the 2nd quarter. Sun Life Financial INC now owns 3,715 shares of the utilities provider’s stock valued at $170,000 after buying an additional 3,703 shares during the period. Hedge funds and other institutional investors own 73.32% of the company’s stock.
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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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