Xcel Energy’s (XEL) “Hold” Rating Reiterated at Jefferies Group LLC
Jefferies Group LLC reaffirmed their hold rating on shares of Xcel Energy Inc. (NYSE:XEL) in a report published on Friday. They currently have a $50.00 price target on the utilities provider’s stock. Jefferies Group also issued estimates for Xcel Energy’s Q3 2017 earnings at $0.97 EPS, FY2017 earnings at $2.29 EPS, FY2018 earnings at $2.43 EPS, FY2019 earnings at $2.59 EPS and FY2020 earnings at $2.77 EPS.
A number of other research analysts also recently commented on the company. Mizuho reaffirmed a hold rating and set a $46.00 target price on shares of Xcel Energy in a report on Friday, September 29th. Zacks Investment Research downgraded Xcel Energy from a hold rating to a sell rating in a report on Tuesday, September 26th. Morgan Stanley increased their target price on Xcel Energy from $46.00 to $48.00 and gave the stock an equal weight rating in a report on Friday, September 8th. BidaskClub raised Xcel Energy from a buy rating to a strong-buy rating in a report on Wednesday, August 23rd. Finally, BMO Capital Markets increased their target price on Xcel Energy from $46.00 to $47.00 and gave the stock a market perform rating in a report on Friday, July 28th. One research analyst has rated the stock with a sell rating, seven have given a hold rating, one has given a buy rating and one has assigned a strong buy rating to the stock. Xcel Energy presently has a consensus rating of Hold and an average target price of $47.75.
Xcel Energy (NYSE:XEL) opened at 47.39 on Friday. The firm has a market cap of $24.06 billion, a price-to-earnings ratio of 20.92 and a beta of 0.19. Xcel Energy has a 52-week low of $38.00 and a 52-week high of $50.56. The firm’s 50-day moving average price is $48.70 and its 200 day moving average price is $46.87.
Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping 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 company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter last year, the business posted $0.39 EPS. Xcel Energy’s quarterly revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts forecast that Xcel Energy will post $2.20 EPS for the current year.
The company also recently announced a quarterly dividend, which will be paid on Friday, October 20th. Shareholders of record on Friday, September 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.04%. The ex-dividend date of this dividend is Thursday, September 14th. Xcel Energy’s dividend payout ratio is presently 63.44%.
In other 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 transaction of $472,500.00. Following the sale, the executive vice president now directly owns 80,221 shares in the company, valued at approximately $3,790,442.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Daniel Yohannes purchased 1,000 shares of the company’s stock in a transaction dated Tuesday, September 5th. The shares were bought at an average price of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is currently owned by corporate insiders.
Several institutional investors have recently made changes to their positions in the company. BlackRock Inc. raised its position in shares of Xcel Energy by 2,692.8% during the 1st quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock worth $1,850,897,000 after purchasing an additional 40,148,954 shares during the period. Vanguard Group Inc. raised its position in shares of Xcel Energy by 2.5% during the 2nd quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock worth $1,653,253,000 after purchasing an additional 871,299 shares during the period. JPMorgan Chase & Co. raised its position in shares of Xcel Energy by 12.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock worth $1,307,902,000 after purchasing an additional 3,187,095 shares during the period. FMR LLC raised its position in shares of Xcel Energy by 10.2% during the 1st quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock worth $789,955,000 after purchasing an additional 1,644,276 shares during the period. Finally, Franklin Resources Inc. raised its position in shares of Xcel Energy by 0.6% during the 2nd quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock worth $637,728,000 after purchasing an additional 85,566 shares during the period. Institutional investors and hedge funds own 72.45% 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.