Xcel Energy Inc. (XEL) Earns Hold Rating from Royal Bank Of Canada
Xcel Energy Inc. (NYSE:XEL)‘s stock had its “hold” rating reissued by investment analysts at Royal Bank Of Canada in a research note issued on Tuesday. They currently have a $48.00 price objective on the utilities provider’s stock. Royal Bank Of Canada’s price target indicates a potential upside of 0.88% from the stock’s current price.
Other equities 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 report on Saturday, June 24th. Argus boosted their price target on Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Morgan Stanley boosted their price target on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a report on Friday. Finally, Mizuho reaffirmed a “hold” rating and issued a $46.00 price objective on shares of Xcel Energy in a report on Friday, September 29th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating, one has assigned a buy rating and one has given a strong buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $48.13.
Shares of Xcel Energy (NYSE XEL) opened at 47.58 on Tuesday. The stock has a market cap of $24.16 billion, a P/E ratio of 21.01 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 stock has a 50 day moving average price of $48.66 and a 200-day moving average price of $46.93.
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 Thomson Reuters’ consensus estimate of $0.43 by $0.02. The firm had revenue of $2.64 billion for 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 firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. Equities analysts predict that Xcel Energy will post $2.20 EPS for the current fiscal year.
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In other news, EVP Kent T. Larson sold 10,000 shares of the business’s 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 owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Daniel Yohannes purchased 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the purchase, the director now directly owns 1,000 shares in the company, valued at $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is owned by insiders.
Several large investors have recently made changes to their positions in the company. W. E. Donoghue & Co. LLC purchased a new stake in shares of Xcel Energy during the 2nd quarter worth approximately $2,144,000. Intl Fcstone Inc. purchased a new stake in shares of Xcel Energy during the 2nd quarter worth approximately $1,403,000. Achmea Investment Management B.V. boosted its stake in shares of Xcel Energy by 46.2% during the 2nd quarter. Achmea Investment Management B.V. now owns 92,588 shares of the utilities provider’s stock worth $4,245,000 after acquiring an additional 29,241 shares in the last quarter. Lord Abbett & CO. LLC boosted its stake in shares of Xcel Energy by 2.9% during the 2nd quarter. Lord Abbett & CO. LLC now owns 101,400 shares of the utilities provider’s stock worth $4,652,000 after acquiring an additional 2,900 shares in the last quarter. Finally, WFG Advisors LP boosted its stake in shares of Xcel Energy by 10.1% during the 2nd quarter. WFG Advisors LP now owns 34,424 shares of the utilities provider’s stock worth $1,579,000 after acquiring an additional 3,161 shares in the last quarter. 72.45% 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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