Xcel Energy Inc. (NYSE:XEL)‘s stock had its “buy” rating reaffirmed by Argus in a report released on Monday. They presently have a $48.00 price objective on the stock.
Other analysts also recently issued research reports about the stock. JPMorgan Chase & Co. set a $49.00 price target on shares of Xcel Energy and gave the company a “buy” rating in a research report on Thursday, September 8th. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a research report on Tuesday, July 12th. Jefferies Group lifted their price target 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, SunTrust Banks Inc. reduced their price target on shares of Xcel Energy from $41.00 to $40.00 and set a “neutral” rating for the company in a research report on Monday, September 12th. One investment analyst has rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of C$44.00.
Shares of Xcel Energy (NYSE:XEL) opened at 42.37 on Monday. The company’s 50 day moving average is $42.00 and its 200-day moving average is $41.99. Xcel Energy has a 1-year low of $34.33 and a 1-year high of $45.42. The company has a market capitalization of $21.52 billion, a P/E ratio of 20.09 and a beta of 0.11.
Xcel Energy (NYSE:XEL) last posted its quarterly 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. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The business earned $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. During the same period in the previous year, the business posted $0.39 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Xcel Energy will post $2.20 EPS for the current year.
The business 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 $0.34 dividend. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.21%. The ex-dividend date is Tuesday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is currently 64.46%.
In related news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the business’s stock in a transaction dated Friday, August 26th. The shares were sold at an average price of C$41.66, for a total value of C$495,754.00. Following the transaction, the executive vice president now directly owns 79,404 shares of the company’s stock, valued at approximately C$3,307,970.64. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.20% of the stock is currently owned by corporate insiders.
Several institutional investors have recently modified their holdings of XEL. TLP Group LLC bought a new position in shares of Xcel Energy during the second quarter worth $116,000. City Holding Co. increased its position in shares of Xcel Energy by 1.5% in the second quarter. City Holding Co. now owns 2,776 shares of the company’s stock worth $124,000 after buying an additional 41 shares during the period. Iowa State Bank bought a new position in shares of Xcel Energy during the second quarter worth $125,000. Sharkey Howes & Javer increased its position in shares of Xcel Energy by 0.5% in the second quarter. Sharkey Howes & Javer now owns 2,946 shares of the company’s stock worth $132,000 after buying an additional 16 shares during the period. Finally, Hanson McClain Inc. increased its position in shares of Xcel Energy by 43.2% in the second quarter. Hanson McClain Inc. now owns 3,018 shares of the company’s stock worth $135,000 after buying an additional 911 shares during the period. 70.91% of the stock is currently owned by institutional investors.
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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