Insider Selling: Xcel Energy Inc. (XEL) EVP Sells 10,000 Shares of Stock
Xcel Energy Inc. (NYSE:XEL) EVP Kent T. Larson sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the sale, the executive vice president now owns 80,221 shares in the company, valued at approximately $3,790,442.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website.
Shares of Xcel Energy Inc. (NYSE XEL) opened at 48.19 on Monday. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $48.72. The company has a market capitalization of $24.47 billion, a P/E ratio of 21.28 and a beta of 0.19. The firm has a 50-day moving average of $46.87 and a 200 day moving average of $45.12.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the company posted $0.39 EPS. On average, analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current year.
The firm also recently declared a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.99%. Xcel Energy’s dividend payout ratio (DPR) is presently 63.44%.
XEL has been the topic of a number of recent analyst reports. Mizuho initiated coverage on shares of Xcel Energy in a report on Wednesday, April 19th. They set a “neutral” rating and a $44.00 price target on the stock. Barclays PLC restated an “equal weight” rating and set a $47.00 price target (up previously from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Jefferies Group LLC restated a “hold” rating and set a $46.00 price target on shares of Xcel Energy in a report on Thursday, April 27th. Deutsche Bank AG upped their price objective on shares of Xcel Energy from $45.00 to $46.00 and gave the company a “hold” rating in a research note on Friday, April 28th. Finally, Argus upped their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a research note on Wednesday, June 14th. Ten research analysts have rated the stock with a hold rating and three have given a buy rating to the company. Xcel Energy currently has an average rating of “Hold” and an average price target of $46.67.
Several hedge funds have recently modified their holdings of XEL. Parallel Advisors LLC increased its stake in shares of Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after buying an additional 36 shares during the period. Carroll Financial Associates Inc. increased its stake in shares of Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after buying an additional 300 shares during the period. Sandy Spring Bank increased its stake in shares of Xcel Energy by 24.8% in the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock worth $110,000 after buying an additional 477 shares during the period. Founders Capital Management acquired a new stake in shares of Xcel Energy during the first quarter worth about $124,000. Finally, Reilly Financial Advisors LLC increased its stake 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. Hedge funds and other institutional investors own 72.60% of the company’s stock.
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.
Receive News & Stock Ratings for Xcel Energy Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy Inc. and related stocks with our FREE daily email newsletter.