Shares of Xcel Energy Inc. (NYSE:XEL) have been given a consensus recommendation of “Hold” by the nine brokerages that are presently covering the stock. Six research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is C$46.00.

Several brokerages recently issued reports on XEL. Jefferies Group lifted their price target on Xcel Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a report on Thursday, August 4th. Argus reiterated a “buy” rating and set a $48.00 price target (up from $46.00) on shares of Xcel Energy in a report on Wednesday, June 15th. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Monday, June 13th. SunTrust Banks Inc. lifted their price target on Xcel Energy from $41.00 to $42.00 and gave the stock a “neutral” rating in a report on Monday, September 26th. Finally, JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their price target for the stock from $39.00 to $47.00 in a report on Thursday, June 16th.

In related news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the business’s stock in a transaction on Friday, August 26th. The stock was sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the sale, the executive vice president now directly owns 79,404 shares in the company, valued at approximately C$3,307,970.64. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Corporate insiders own 0.20% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. TLP Group LLC bought a new stake in Xcel Energy during the second quarter worth about $116,000. City Holding Co. raised its stake in Xcel Energy by 1.5% in the second quarter. City Holding Co. now owns 2,776 shares of the company’s stock worth $124,000 after buying an additional 41 shares during the last quarter. Iowa State Bank bought a new stake in Xcel Energy during the second quarter worth about $125,000. Sharkey Howes & Javer raised its stake in Xcel Energy by 0.5% in the second quarter. Sharkey Howes & Javer now owns 2,946 shares of the company’s stock worth $132,000 after buying an additional 16 shares during the last quarter. Finally, Hanson McClain Inc. raised its stake in Xcel Energy by 43.2% in the second quarter. Hanson McClain Inc. now owns 3,018 shares of the company’s stock worth $135,000 after buying an additional 911 shares during the last quarter. Institutional investors own 70.91% of the company’s stock.

Shares of Xcel Energy (NYSE:XEL) opened at 39.61 on Friday. The stock’s 50 day moving average price is $41.55 and its 200 day moving average price is $41.95. The firm has a market capitalization of $20.12 billion, a price-to-earnings ratio of 18.78 and a beta of 0.13. Xcel Energy has a 12-month low of $34.33 and a 12-month high of $45.42.

Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $2.50 billion for the quarter, compared to analysts’ expectations of $2.52 billion. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The firm’s quarterly revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm earned $0.39 EPS. Equities research analysts expect that Xcel Energy will post $2.20 earnings per share for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 15th will be paid a dividend of $0.34 per share. The ex-dividend date is Tuesday, September 13th. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.43%. Xcel Energy’s payout ratio is 64.46%.

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.

5 Day Chart for NYSE:XEL

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