According to Zacks, “Xcel Energy's operation is subject to stringent environmental legislations which call for additional expenditures and can adversely impact the company's profits. Rising debt levels of Xcel Energy is a concern, with its debt/capital ratio presently higher than the industry average. Despite safety measures, nuclear units run the possibility of accidents and forced shutdown, and Xcel Energy’s nuclear generation assets are not immune to such risks. Annual estimates have been going down ahead of the company’s Q3 earnings release. However, long-term investment plans will strengthen its operations and help it to serve its expanding customer base in a more reliable and efficient manner. The company is also benefiting from improving economic conditions in its service territories. The company is focused on expanding its renewable generation assets and lowering its carbon footprint.”
A number of other equities analysts have also weighed in on XEL. Jefferies Group upped their target price on shares of Xcel Energy from $42.00 to $45.00 and gave the stock a hold rating in a research note on Thursday, August 4th. Argus reaffirmed a buy rating and issued a $48.00 target price (up from $46.00) on shares of Xcel Energy in a research note on Wednesday, June 15th. JPMorgan Chase & Co. raised shares of Xcel Energy from a neutral rating to an overweight rating and upped their target price for the stock from $39.00 to $47.00 in a research note on Thursday, June 16th. Finally, SunTrust Banks Inc. reduced their target price on shares of Xcel Energy from $41.00 to $40.00 and set a neutral rating for the company in a research note on Monday, September 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and three have given a buy rating to the company’s stock. Xcel Energy currently has an average rating of Hold and an average price target of C$43.75.
Shares of Xcel Energy (NYSE:XEL) opened at 43.07 on Wednesday. The company’s 50-day moving average price is $41.99 and its 200-day moving average price is $41.94. Xcel Energy has a 52-week low of $34.33 and a 52-week high of $45.42. The firm has a market capitalization of $21.88 billion, a P/E ratio of 20.42 and a beta of 0.11.
Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.40 by $0.01. The company earned $2.50 billion during the quarter, compared to analyst estimates of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. Xcel Energy’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the previous year, the company posted $0.39 earnings per share. On average, equities research analysts expect that Xcel Energy will post $2.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be issued a $0.34 dividend. The ex-dividend date of this dividend is Tuesday, September 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.16%. Xcel Energy’s payout ratio is 64.46%.
In other 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 value of C$495,754.00. Following the sale, 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 SEC, which can be accessed through the SEC website. 0.20% of the stock is currently owned by insiders.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XEL. Investment Centers of America Inc. boosted its position in Xcel Energy by 89.7% in the first quarter. Investment Centers of America Inc. now owns 109,371 shares of the company’s stock valued at $4,573,000 after buying an additional 51,704 shares in the last quarter. Sii Investments Inc. WI bought a new position in Xcel Energy during the first quarter valued at $641,000. Commonwealth Equity Services Inc boosted its position in Xcel Energy by 3.0% in the first quarter. Commonwealth Equity Services Inc now owns 110,429 shares of the company’s stock valued at $4,618,000 after buying an additional 3,177 shares in the last quarter. Aperio Group LLC boosted its position in Xcel Energy by 3.5% in the first quarter. Aperio Group LLC now owns 232,248 shares of the company’s stock valued at $9,713,000 after buying an additional 7,750 shares in the last quarter. Finally, Mn Services Vermogensbeheer B.V. bought a new position in Xcel Energy during the first quarter valued at $467,000. 70.91% of the stock is currently owned by hedge funds and other 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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