Xcel Energy Inc (NYSE:XEL) has received an average rating of “Hold” from the fifteen research firms that are covering the firm, Marketbeat Ratings reports. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $47.42.
A number of research firms have recently weighed in on XEL. Mizuho raised Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price objective for the company in a research report on Tuesday, March 27th. UBS began coverage on Xcel Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $47.00 price objective for the company. SunTrust Banks set a $43.00 price objective on Xcel Energy and gave the stock a “hold” rating in a research report on Monday, February 5th. JPMorgan Chase raised their price objective on Xcel Energy from $46.00 to $48.00 and gave the stock an “overweight” rating in a research report on Wednesday, March 28th. Finally, Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a research report on Friday, March 9th.
Shares of Xcel Energy stock traded up $0.22 during trading on Wednesday, reaching $45.69. The company’s stock had a trading volume of 1,466,919 shares, compared to its average volume of 3,776,958. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. Xcel Energy has a 1-year low of $41.51 and a 1-year high of $52.22.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). The business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the previous year, the business earned $0.45 EPS. research analysts anticipate that Xcel Energy will post 2.44 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, March 15th will be paid a $0.38 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36. The ex-dividend date is Wednesday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.33%.
A number of hedge funds have recently modified their holdings of XEL. First Republic Investment Management Inc. raised its stake in shares of Xcel Energy by 12.5% during the 3rd quarter. First Republic Investment Management Inc. now owns 9,938 shares of the utilities provider’s stock valued at $471,000 after buying an additional 1,106 shares during the last quarter. BB&T Investment Services Inc. raised its stake in shares of Xcel Energy by 73.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after buying an additional 1,155 shares during the last quarter. Wedbush Securities Inc. raised its stake in shares of Xcel Energy by 9.1% during the 4th quarter. Wedbush Securities Inc. now owns 14,855 shares of the utilities provider’s stock valued at $715,000 after buying an additional 1,242 shares during the last quarter. Advisor Partners LLC raised its stake in shares of Xcel Energy by 14.2% during the 4th quarter. Advisor Partners LLC now owns 11,883 shares of the utilities provider’s stock valued at $536,000 after buying an additional 1,477 shares during the last quarter. Finally, ACG Wealth raised its stake in shares of Xcel Energy by 21.6% during the 4th quarter. ACG Wealth now owns 8,440 shares of the utilities provider’s stock valued at $406,000 after buying an additional 1,500 shares during the last quarter. Institutional investors own 73.96% 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.
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