Xcel Energy Inc. (NYSE:XEL) had its price objective raised by SunTrust Banks Inc. from $41.00 to $42.00 in a research note published on Monday. SunTrust Banks Inc. currently has a neutral rating on the stock.
Several other analysts have also recently issued reports on the stock. Zacks Investment Research cut shares of Xcel Energy from a hold rating to a sell rating in a research report on Wednesday, September 21st. JPMorgan Chase & Co. set a $49.00 target price on shares of Xcel Energy and gave the company a buy rating in a research report on Thursday, September 8th. Jefferies Group upped their target price on shares of Xcel Energy from $42.00 to $45.00 and gave the company a hold rating in a research report on Thursday, August 4th. Finally, Argus restated a buy rating and set a $48.00 target price (up from $46.00) on shares of Xcel Energy in a research report on Wednesday, June 15th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and three have issued a buy rating to the stock. The company presently has a consensus rating of Hold and an average target price of C$44.00.
Shares of Xcel Energy (NYSE:XEL) opened at 42.25 on Monday. The stock has a market capitalization of $21.46 billion, a price-to-earnings ratio of 20.03 and a beta of 0.11. The firm has a 50-day moving average of $41.99 and a 200 day moving average of $41.99. Xcel Energy has a one year low of $34.33 and a one year high of $45.42.
Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.40 by $0.01. The business had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The firm’s quarterly revenue was down .6% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.39 earnings per share. On average, equities research analysts predict that Xcel Energy will post $2.20 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 15th will be issued a dividend of $0.34 per share. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.36 annualized dividend and a yield of 3.22%. Xcel Energy’s payout ratio is 64.46%.
In related news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the company’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the transaction, the executive vice president now directly owns 79,404 shares in the company, valued at approximately C$3,307,970.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.
Institutional investors have recently modified their holdings of the company. Evercore Wealth Management LLC increased its position in shares of Xcel Energy by 6.4% in the second quarter. Evercore Wealth Management LLC now owns 3,764 shares of the company’s stock worth $169,000 after buying an additional 226 shares in the last quarter. Macquarie Group Ltd. increased its position in shares of Xcel Energy by 3.0% in the second quarter. Macquarie Group Ltd. now owns 182,773 shares of the company’s stock worth $8,184,000 after buying an additional 5,298 shares in the last quarter. Kentucky Retirement Systems Insurance Trust Fund bought a new position in shares of Xcel Energy during the second quarter worth approximately $918,000. Kentucky Retirement Systems bought a new position in shares of Xcel Energy during the second quarter worth approximately $1,934,000. Finally, Mason Street Advisors LLC bought a new position in shares of Xcel Energy during the second quarter worth approximately $3,064,000. Institutional investors and hedge funds own 70.91% of the company’s stock.
Xcel Energy Company Profile
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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