Xcel Energy Inc. (XEL) Given “Hold” Rating at Jefferies Group LLC
Jefferies Group LLC reaffirmed their hold rating on shares of Xcel Energy Inc. (NYSE:XEL) in a research note released on Thursday. Jefferies Group LLC currently has a $50.00 price objective on the utilities provider’s stock.
Other research analysts have also recently issued research reports about the company. BidaskClub cut Xcel Energy from a strong-buy rating to a buy rating in a research note on Saturday, June 24th. Morgan Stanley upped their target price on Xcel Energy from $45.00 to $46.00 and gave the company an equal weight rating in a research note on Thursday, August 10th. Argus upped their target price on Xcel Energy from $50.00 to $53.00 and gave the company a buy rating in a research note on Wednesday, June 14th. Zacks Investment Research cut Xcel Energy from a buy rating to a hold rating in a research note on Thursday, June 15th. Finally, BMO Capital Markets upped their target price on Xcel Energy from $46.00 to $47.00 and gave the company a market perform rating in a research note on Friday, July 28th. Ten analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of Hold and an average price target of $46.83.
Xcel Energy (NYSE XEL) opened at 49.36 on Thursday. Xcel Energy has a 52-week low of $38.00 and a 52-week high of $49.70. The company’s 50-day moving average price is $48.15 and its 200 day moving average price is $45.96. The company has a market capitalization of $25.06 billion, a price-to-earnings ratio of 21.79 and a beta of 0.20.
Xcel Energy (NYSE:XEL) last issued 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. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the business posted $0.39 earnings per share. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities analysts expect that Xcel Energy will post $2.20 EPS for the current fiscal 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 paid a $0.36 dividend. The ex-dividend date is Thursday, September 14th. This represents a $1.44 annualized dividend and a yield of 2.92%. Xcel Energy’s dividend payout ratio (DPR) is currently 63.44%.
In related news, EVP Kent T. Larson sold 10,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the transaction, the executive vice president now owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Sharkey Howes & Javer boosted its position in Xcel Energy by 0.5% during the 1st quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after acquiring an additional 16 shares in the last quarter. 1st Global Advisors Inc. boosted its position in Xcel Energy by 0.4% during the 2nd quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock valued at $220,000 after acquiring an additional 17 shares in the last quarter. Buckingham Asset Management LLC boosted its position in Xcel Energy by 0.5% during the 2nd quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock valued at $260,000 after acquiring an additional 28 shares in the last quarter. Eqis Capital Management Inc. boosted its position in Xcel Energy by 0.5% during the 2nd quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock valued at $244,000 after acquiring an additional 29 shares in the last quarter. Finally, Parallel Advisors LLC boosted its position in Xcel Energy by 1.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after acquiring an additional 36 shares in the last quarter. 73.04% of the stock is currently owned by institutional investors and hedge funds.
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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