Somewhat Positive Media Coverage Somewhat Unlikely to Impact Xcel Energy (XEL) Share Price
Headlines about Xcel Energy (NYSE:XEL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Xcel Energy earned a media sentiment score of 0.09 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 45.0620835581945 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern’s rankings:
- A Few Positives and Negatives For Xcel Energy Inc. (XEL), Microsoft Corporation (MSFT) – AllStockNews (allstocknews.com)
- Xcel Energy Inc. (XEL): Examining the Technicals – Economic News (economicsandmoney.com)
- Xcel Energy Inc (NYSE:XEL) Move as Institutional Investors’ Sentiment Improved (vothemes.com)
- A Look Into Insider Activity With Xcel Energy Inc. (XEL) – Economic News (economicsandmoney.com)
- Xcel Energy (XEL) Presents at CFA Society of Minnesota 6th Annual Intellisight Conference – Slideshow (seekingalpha.com)
Shares of Xcel Energy (XEL) traded up 0.04% during mid-day trading on Friday, hitting $49.37. The company had a trading volume of 2,099,752 shares. Xcel Energy has a 12 month low of $38.00 and a 12 month high of $49.60. The firm has a 50-day moving average of $47.62 and a 200-day moving average of $45.69. The company has a market cap of $25.07 billion, a PE ratio of 21.80 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm earned $0.39 earnings per share. On average, analysts expect that Xcel Energy will post $2.20 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Investors of record on Friday, September 15th will be given a dividend of $0.36 per share. The ex-dividend date is Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a yield of 2.92%. Xcel Energy’s payout ratio is 63.44%.
A number of brokerages have issued reports on XEL. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a research note on Friday, June 9th. Deutsche Bank AG raised their target price on Xcel Energy from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. BMO Capital Markets raised their target price on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Finally, BidaskClub raised Xcel Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday. Ten equities research analysts have rated the stock with a hold rating, two have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $46.67.
In related news, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.22% of the stock is currently owned by company insiders.
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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