Xcel Energy Inc. (XEL) Receives Consensus Recommendation of “Hold” from Brokerages
Xcel Energy Inc. (NYSE:XEL) has been assigned a consensus recommendation of “Hold” from the eleven ratings firms that are covering the company, Marketbeat.com reports. Nine analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $46.00.
XEL has been the subject of several recent research reports. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, June 22nd. Argus lifted their price target on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research report on Wednesday, June 14th. BidaskClub lowered Xcel Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Barclays PLC reaffirmed an “equal weight” rating and issued a $47.00 price target (up previously from $44.00) on shares of Xcel Energy in a research report on Sunday, April 23rd. Finally, Deutsche Bank AG boosted their target price on Xcel Energy from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th.
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Large investors have recently added to or reduced their stakes in the stock. Founders Capital Management purchased a new stake in Xcel Energy during the first quarter worth about $124,000. Reilly Financial Advisors LLC increased its position in shares of Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock worth $129,000 after buying an additional 160 shares during the period. Sharkey Howes & Javer increased its position in shares of Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares during the period. Independent Portfolio Consultants Inc. increased its position in shares of Xcel Energy by 89.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,134 shares of the utilities provider’s stock worth $144,000 after buying an additional 1,484 shares during the period. Finally, Winslow Evans & Crocker Inc. increased its position in shares of Xcel Energy by 8.8% in the second quarter. Winslow Evans & Crocker Inc. now owns 3,274 shares of the utilities provider’s stock worth $150,000 after buying an additional 266 shares during the period. Institutional investors and hedge funds own 72.13% of the company’s stock.
Xcel Energy (NYSE:XEL) traded up 0.55% during midday trading on Monday, reaching $45.92. 2,366,109 shares of the company’s stock traded hands. The firm has a market cap of $23.32 billion, a price-to-earnings ratio of 20.83 and a beta of 0.19. Xcel Energy has a 1-year low of $38.00 and a 1-year high of $48.50. The stock’s 50 day moving average price is $46.98 and its 200 day moving average price is $43.84.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.03. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.94 billion. Xcel Energy had a net margin of 9.94% and a return on equity of 10.24%. The business’s revenue was up 6.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.47 EPS. Equities research analysts anticipate that Xcel Energy will post $2.20 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th will be paid a dividend of $0.36 per share. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.14%. Xcel Energy’s dividend payout ratio is currently 65.16%.
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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