Xcel Energy (XEL) Receives “Hold” Rating from SunTrust Banks

SunTrust Banks restated their hold rating on shares of Xcel Energy (NYSE:XEL) in a research report sent to investors on Monday morning. They currently have a $48.00 price target on the utilities provider’s stock.

A number of other equities analysts also recently weighed in on XEL. Morgan Stanley boosted their target price on shares of Xcel Energy from $45.00 to $46.00 and gave the stock an equal weight rating in a research note on Thursday, August 10th. BidaskClub raised shares of Xcel Energy from a buy rating to a strong-buy rating in a research note on Wednesday, August 23rd. Jefferies Group reissued a hold rating and set a $50.00 price target on shares of Xcel Energy in a research note on Thursday, August 31st. Zacks Investment Research downgraded shares of Xcel Energy from a hold rating to a sell rating in a research note on Tuesday, September 26th. Finally, Mizuho reissued a hold rating and set a $46.00 price target on shares of Xcel Energy in a research note on Friday, September 29th. Nine analysts have rated the stock with a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of Hold and an average target price of $49.00.

Shares of Xcel Energy (NYSE:XEL) traded down $0.28 during midday trading on Monday, hitting $51.08. 2,015,100 shares of the company’s stock were exchanged, compared to its average volume of 2,594,527. Xcel Energy has a one year low of $38.22 and a one year high of $52.22. The company has a market capitalization of $25,940.00, a P/E ratio of 21.95, a PEG ratio of 4.07 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the previous year, the firm posted $0.90 earnings per share. The company’s revenue was down .8% on a year-over-year basis. research analysts expect that Xcel Energy will post 2.31 earnings per share for the current year.

In related news, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the completion of the transaction, the insider now owns 48,424 shares in the company, valued at $2,404,735.84. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the transaction, the director now owns 3,700 shares of the company’s stock, valued at approximately $183,076. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the stock. JPMorgan Chase & Co. grew its holdings in Xcel Energy by 12.6% during the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock valued at $1,307,902,000 after purchasing an additional 3,187,095 shares during the period. Blair William & Co. IL grew its holdings in Xcel Energy by 4.9% during the second quarter. Blair William & Co. IL now owns 28,902 shares of the utilities provider’s stock valued at $1,326,000 after purchasing an additional 1,343 shares during the period. OMERS ADMINISTRATION Corp acquired a new position in Xcel Energy during the second quarter valued at approximately $1,556,000. Prudential Financial Inc. grew its holdings in Xcel Energy by 0.9% during the second quarter. Prudential Financial Inc. now owns 712,959 shares of the utilities provider’s stock valued at $32,711,000 after purchasing an additional 6,550 shares during the period. Finally, Franklin Resources Inc. grew its holdings in Xcel Energy by 0.6% during the second quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock valued at $637,728,000 after purchasing an additional 85,566 shares during the period. Hedge funds and other institutional investors own 73.41% of the company’s stock.

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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.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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