Xcel Energy Inc. (NASDAQ:XEL) Given Average Rating of “Moderate Buy” by Brokerages


Xcel Energy Inc. (NASDAQ:XEL – Get Rating) has been given a consensus recommendation of “Moderate Buy” by the ten ratings firms that are covering the company, Marketbeat Ratings reports. Two analysts have rated the stock with a hold recommendation and seven have issued a buy recommendation on the company. The average 1 year objective price among brokers that have issued a report on the stock in the last year is $74.00.

XEL has been the topic of several recent research reports. Credit Suisse Group decreased their price target on shares of Xcel Energy to $77.00 in a research report on Thursday, June 9th. Morgan Stanley decreased their objective price on shares of Xcel Energy from $75.00 to $72.00 and set an “equal weight” rating for the company in a research note on Monday, May 23rd. UBS Group decreased their objective price on shares of Xcel Energy from $74.00 to $71.00 and set a “neutral” rating for the company in a research note on Thursday. Finally, KeyCorp raised their objective price on shares of Xcel Energy from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th.

In related news, EVP Brett C. Carter sold 14,000 shares of Xcel Energy stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $74.66, for a total value of $1,045,240.00. Following the transaction, the executive vice president now owns 23,617 shares in the company, valued at approximately $1,763,245.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Kim Williams sold 2,000 shares of Xcel Energy stock in a transaction on Wednesday, May 25th. The stock was sold at an average price of $76.21, for a total transaction of $152,420.00. Following the completion of the transaction, the director now owns 99,993 shares in the company, valued at approximately $7,620,466.53. The disclosure for this sale can be found here. Insiders have sold a total of 17,000 shares of company stock worth $1,271,240 in the last 90 days. 0.05% of the stock is owned by insiders.

(Ad)

If you’re new to trading, then you’ve probably heard the wrong thing about options—that they’re risky, unpredictable, or difficult.

And it couldn’t be more wrong! With the Hughes Optioneering Strategy, you’ll soon learn that the safest option for new accounts is options themselves!

Several large investors have recently bought and sold shares of XEL. State Street Corp increased its holdings in shares of Xcel Energy by 7.9% during the 1st quarter. State Street Corp now owns 29,779,102 shares of the company’s stock worth $2,163,350,000 after purchasing an additional 2,169,201 shares during the period. Nuveen Asset Management LLC increased its holdings in shares of Xcel Energy by 44.4% during the 4th quarter. Nuveen Asset Management LLC now owns 5,881,414 shares of the company’s stock worth $398,172,000 after purchasing an additional 1,807,448 shares during the period. BlackRock Inc. increased its holdings in shares of Xcel Energy by 3.3% during the 4th quarter. BlackRock Inc. Now owns 54,190,365 shares of the company’s stock worth $3,668,687,000 after purchasing an additional 1,755,729 shares during the period. Marshall Wace LLP increased its holdings in shares of Xcel Energy by 19,643.3% during the 4th quarter. Marshall Wace LLP now owns 1,579,861 shares of the company’s stock worth $106,957,000 after purchasing an additional 1,571,859 shares during the period. Finally, Bank of America Corp DE boosted its position in shares of Xcel Energy by 56.5% during the 1st quarter. Bank of America Corp DE now owns 4,108,940 shares of the company’s stock valued at $296,543,000 after acquiring an additional 1,482,671 shares in the last quarter. Institutional investors own 75.14% of the company’s stock.

NASDAQ XEL opened at $72.63 on Friday. Xcel Energy has a 12 month low of $61.15 and a 12 month high of $76.63. The company has a debt-to-equity ratio of 1.37, a current ratio of 0.75 and a quick ratio of 0.66. The firm has a market capitalization of $39.56 billion, a PE ratio of 24.29, a P/E/G ratio of 3.37 and a beta of 0.32. The company’s 50 day simple moving average is $72.18 and its 200 day simple moving average is $70.41.

Xcel Energy (NASDAQ:XEL – Get Rating) last posted its quarterly earnings data on Thursday, April 28th. The company reported $0.70 EPS for the quarter, beating analysts’ consensus estimates of $0.68 by $0.02. Xcel Energy had a net margin of 11.84% and a return on equity of 10.54%. The business had revenue of $3.75 billion for the quarter, compared to analyst estimates of $3.42 billion. During the same quarter last year, the business earned $0.67 earnings per share. The business’s revenue for the quarter was up 5.9% on a year-over-year basis. Sell-side analysts anticipate that Xcel Energy will post 3.16 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, July 20th. Stockholders of record on Wednesday, June 15th will be issued a dividend of $0.4875 per share. The ex-dividend date is Tuesday, June 14th. This represents a $1.95 dividend on an annual basis and a dividend yield of 2.68%. Xcel Energy’s dividend payout ratio is currently 65.22%.

Xcel Energy Company Profile (Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and all other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

Featured Stories

Analyst Recommendations for Xcel Energy (NASDAQ:XEL)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected]

Should you invest $1,000 in Xcel Energy right now?

Before you consider Xcel Energy, you’ll want to hear this.

MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and Xcel Energy wasn’t on the list.

While Xcel Energy currently has a “Moderate Buy” rating among analysts, top-rated analysts believe these five stocks are better buys.

View The 5 Stocks Here

.

Leave a Comment

Your email address will not be published.