Media headlines about Xcel Energy (NYSE:XEL) have trended neutral recently, InfoTrie reports. The research group identifies negative and positive media coverage by analyzing more than 6,000 blog and news sources in real-time. The firm ranks coverage of public companies on a scale of negative five to five, with scores nearest to five being the most favorable. Xcel Energy earned a news impact score of 0.38 on their scale. InfoTrie also gave news stories about the utilities provider an news buzz score of 10 out of 10, meaning that recent media coverage is extremely likely to have an impact on the company’s share price in the near future.
These are some of the news stories that may have impacted Xcel Energy’s analysis:
Xcel Energy stock opened at $50.34 on Friday. Xcel Energy has a one year low of $41.51 and a one year high of $52.22.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, October 25th. The utilities provider reported $0.96 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.98 by ($0.02). The company had revenue of $3.05 billion during the quarter, compared to analyst estimates of $3.08 billion.
The business also recently announced a quarterly dividend, which was paid on Saturday, October 20th. Investors of record on Friday, September 14th were given a dividend of $0.38 per share. The ex-dividend date of this dividend was Thursday, September 13th. This represents a $1.52 annualized dividend and a dividend yield of 3.02%.
Several analysts have recently weighed in on XEL shares. Argus lifted their price objective on Xcel Energy from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a report on Thursday, September 27th. Morgan Stanley lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and decreased their price objective for the stock from $52.00 to $50.00 in a report on Friday, September 21st. Finally, Mizuho lowered Xcel Energy from a “buy” rating to a “neutral” rating and decreased their price objective for the stock from $48.50 to $47.00 in a report on Friday, November 2nd. Six equities research analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Xcel Energy presently has a consensus rating of “Hold” and a consensus target price of $49.40.
In other Xcel Energy news, SVP Judy M. Poferl sold 7,182 shares of Xcel Energy stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.67, for a total value of $349,547.94. Following the completion of the transaction, the senior vice president now owns 25,460 shares in the company, valued at approximately $1,239,138.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Lynn Casey acquired 1,000 shares of the business’s stock in a transaction on Wednesday, September 5th. The stock was acquired at an average price of $48.89 per share, with a total value of $48,890.00. Following the transaction, the director now owns 3,131 shares in the company, valued at approximately $153,074.59. The disclosure for this purchase can be found here. 0.22% of the stock is owned by company insiders.
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About Xcel Energy
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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