Xcel Energy (XEL) Receiving Somewhat Favorable News Coverage, Report Finds

Media coverage about Xcel Energy (NYSE:XEL) has been trending somewhat positive this week, according to Accern Sentiment. The research group ranks the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Xcel Energy earned a media sentiment score of 0.12 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 46.1208158246431 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near future.

Here are some of the media headlines that may have impacted Accern’s rankings:

Several equities research analysts recently issued reports on XEL shares. Bank of America Corporation began coverage on shares of Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 target price on the stock. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. ValuEngine raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday. Morgan Stanley boosted their target price on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $48.91.

Xcel Energy (XEL) opened at $50.20 on Monday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. Xcel Energy has a 1-year low of $38.20 and a 1-year high of $50.57. The firm has a market cap of $25,489.70, a price-to-earnings ratio of 21.45, a price-to-earnings-growth ratio of 3.98 and a beta of 0.21.

Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The firm had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the prior year, the business posted $0.90 EPS. The business’s revenue was down .8% compared to the same quarter last year. equities analysts forecast that Xcel Energy will post 2.31 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were paid a $0.36 dividend. The ex-dividend date was Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.87%. Xcel Energy’s payout ratio is 61.54%.

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In other Xcel Energy news, Director Timothy V. Wolf sold 3,000 shares of the company’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the sale, the director now directly owns 3,700 shares of the company’s stock, valued at $183,076. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the company’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the sale, the insider now directly owns 48,424 shares in the company, valued at $2,404,735.84. The disclosure for this sale can be found here. 0.22% of the stock is currently owned by corporate insiders.

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.

Insider Buying and Selling by Quarter for Xcel Energy (NYSE:XEL)

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