Shares of Xcel Energy Inc (NYSE:XEL) have earned an average rating of “Hold” from the fourteen analysts that are currently covering the company, MarketBeat.com reports. Nine investment analysts have rated the stock with a hold recommendation, four have issued a buy recommendation and one has assigned a strong buy recommendation to the company. The average 1-year price target among brokerages that have updated their coverage on the stock in the last year is $48.91.

A number of equities research analysts recently commented on XEL shares. Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Mizuho restated a “hold” rating and issued a $46.00 price objective on shares of Xcel Energy in a research report on Friday, September 29th. Jefferies Group reiterated a “hold” rating and set a $50.00 price target on shares of Xcel Energy in a research report on Friday, October 6th. Royal Bank of Canada reiterated a “hold” rating and set a $48.00 price target on shares of Xcel Energy in a research report on Tuesday, October 10th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th.

In other news, Director Timothy V. Wolf sold 3,000 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the transaction, the director now directly owns 3,700 shares of the company’s stock, valued at approximately $183,076. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total transaction of $264,338.32. Following the transaction, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 28,363 shares of company stock valued at $1,415,265. Insiders own 0.22% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of XEL. Neuberger Berman Group LLC increased its stake in shares of Xcel Energy by 11.2% during the 2nd quarter. Neuberger Berman Group LLC now owns 11,558 shares of the utilities provider’s stock worth $530,000 after purchasing an additional 1,168 shares in the last quarter. Eaton Vance Management increased its stake in shares of Xcel Energy by 0.8% during the 2nd quarter. Eaton Vance Management now owns 22,487 shares of the utilities provider’s stock worth $1,032,000 after purchasing an additional 185 shares in the last quarter. BT Investment Management Ltd purchased a new position in shares of Xcel Energy during the 2nd quarter worth approximately $463,000. ProShare Advisors LLC increased its stake in shares of Xcel Energy by 0.8% during the 2nd quarter. ProShare Advisors LLC now owns 93,409 shares of the utilities provider’s stock worth $4,286,000 after purchasing an additional 697 shares in the last quarter. Finally, Pinebridge Investments L.P. purchased a new position in shares of Xcel Energy during the 2nd quarter worth approximately $199,000. 73.27% of the stock is owned by institutional investors and hedge funds.

Shares of Xcel Energy (NYSE:XEL) traded up $0.10 during trading hours on Friday, reaching $45.23. 3,106,453 shares of the company were exchanged, compared to its average volume of 3,320,000. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market capitalization of $22,970.00, a P/E ratio of 19.41, a P/E/G ratio of 3.38 and a beta of 0.21. Xcel Energy has a 1 year low of $40.43 and a 1 year high of $52.22.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the Zacks’ consensus estimate of $0.92 by $0.05. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The firm’s revenue was down .8% compared to the same quarter last year. During the same quarter last year, the firm earned $0.90 earnings per share. analysts predict that Xcel Energy will post 2.31 earnings per share for the current fiscal year.

The business also recently declared a quarterly dividend, which was paid on Saturday, January 20th. Stockholders of record on Thursday, December 28th were given a dividend of $0.36 per share. The ex-dividend date of this dividend was Wednesday, December 27th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.18%. Xcel Energy’s payout ratio is 61.80%.

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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.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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