Xcel Energy (XEL) Earning Somewhat Positive Press Coverage, Study Finds
News headlines about Xcel Energy (NYSE:XEL) have been trending somewhat positive recently, according to Accern. The research firm identifies positive and negative press coverage by analyzing more than twenty million blog and news sources in real time. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Xcel Energy earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 44.9871018297866 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the company’s share price in the next several days.
Here are some of the media headlines that may have impacted Accern’s analysis:
- Xcel Energy Inc. (XEL) Trades at 52-Week High (highlightpress.com)
- Lights out: Eclipse to have big impact on California power (marketbeat.com)
- Vistra Energy Corp. (VST) and Xcel Energy (XEL) Critical Review (americanbankingnews.com)
- Shares of Xcel Energy Inc Has Risen Above Previous 52-Week High (mysmartrend.com)
Xcel Energy (NYSE XEL) traded up 0.68% on Friday, reaching $49.00. 2,236,647 shares of the company traded hands. The company has a 50-day moving average price of $47.15 and a 200-day moving average price of $45.41. The company has a market capitalization of $24.88 billion, a P/E ratio of 21.63 and a beta of 0.19. Xcel Energy has a 12 month low of $38.00 and a 12 month high of $49.22.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. Xcel Energy’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same period last year, the company posted $0.39 EPS. Equities research analysts expect that Xcel Energy will post $2.20 EPS for the current year.
XEL has been the subject of several research reports. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $52.00 target price for the company in a research note on Wednesday, June 14th. Argus boosted their target price on shares of Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. BidaskClub downgraded shares of Xcel Energy from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 24th. Barclays PLC reiterated an “equal weight” rating and set a $47.00 target price (up previously from $44.00) on shares of Xcel Energy in a research note on Sunday, April 23rd. Finally, Morgan Stanley boosted their target price on shares of Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 10th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and a consensus price target of $46.67.
In other news, EVP Kent T. Larson sold 10,000 shares of the firm’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 completion of the transaction, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.
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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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