Xcel Energy Inc. (NYSE:XEL)‘s stock had its “hold” rating restated by SunTrust Banks, Inc. in a research report issued to clients and investors on Tuesday, October 24th. They presently have a $47.00 target price on the utilities provider’s stock. SunTrust Banks, Inc.’s price objective would suggest a potential downside of 6.37% from the stock’s previous close.
Several other equities analysts have also recently commented on the stock. Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price objective on shares of Xcel Energy in a research note on Thursday, August 31st. Morgan Stanley boosted their price objective on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research note on Friday, September 8th. BidaskClub cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th. J P Morgan Chase & Co boosted their price objective on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Finally, Royal Bank of Canada reaffirmed a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a research note on Tuesday, October 10th. Nine analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company’s stock. Xcel Energy currently has a consensus rating of “Hold” and an average target price of $48.91.
Shares of Xcel Energy (NYSE XEL) traded down $0.31 during trading hours on Tuesday, reaching $50.20. 3,296,400 shares of the company traded hands, compared to its average volume of 2,586,366. The stock has a market capitalization of $25,647.10, a PE ratio of 21.58, a P/E/G ratio of 4.00 and a beta of 0.21. Xcel Energy has a 12 month low of $38.20 and a 12 month high of $50.57. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. The company had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. Xcel Energy’s revenue for the quarter was down .8% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.90 earnings per share. equities analysts anticipate that Xcel Energy will post 2.31 earnings per share for the current year.
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In other news, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction that occurred 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 transaction, the insider now owns 48,424 shares in the company, valued at approximately $2,404,735.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the sale, the director now directly owns 3,700 shares of the company’s stock, valued at $183,076. The disclosure for this sale can be found here. 0.22% of the stock is owned by corporate insiders.
Several institutional investors have recently made changes to their positions in XEL. OppenheimerFunds Inc. increased its stake in shares of Xcel Energy by 5.7% during the first quarter. OppenheimerFunds Inc. now owns 33,140 shares of the utilities provider’s stock valued at $1,473,000 after buying an additional 1,782 shares during the period. Dimensional Fund Advisors LP increased its stake in shares of Xcel Energy by 1.4% during the first quarter. Dimensional Fund Advisors LP now owns 1,047,305 shares of the utilities provider’s stock valued at $46,551,000 after buying an additional 14,498 shares during the period. Oppenheimer & Co. Inc. grew its stake in Xcel Energy by 6.6% in the first quarter. Oppenheimer & Co. Inc. now owns 10,970 shares of the utilities provider’s stock valued at $487,000 after purchasing an additional 680 shares during the last quarter. Oppenheimer Asset Management Inc. purchased a new position in Xcel Energy in the first quarter valued at about $459,000. Finally, Gotham Asset Management LLC purchased a new position in Xcel Energy in the first quarter valued at about $273,000. Hedge funds and other institutional investors own 72.49% of the company’s stock.
Xcel Energy Company Profile
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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