Xcel Energy (NYSE:XEL)‘s stock had its “hold” rating reiterated by research analysts at SunTrust Banks in a report released on Monday. They currently have a $48.00 price target on the utilities provider’s stock. SunTrust Banks’ price target points to a potential downside of 5.51% from the stock’s current price.
Several other equities analysts have also recently weighed in on the company. Jefferies Group reiterated a “hold” rating and set a $50.00 price objective on shares of Xcel Energy in a report on Thursday, August 31st. J P Morgan Chase & Co lifted their price objective on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Morgan Stanley lifted their price objective on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Royal Bank Of Canada reiterated a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a report on Tuesday, October 10th. Nine equities research analysts have rated the stock with a hold rating, four have issued a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $49.00.
Xcel Energy (NYSE:XEL) opened at $50.80 on Monday. The stock has a market capitalization of $25,940.00, a PE ratio of 21.95, a PEG ratio of 4.07 and a beta of 0.21. Xcel Energy has a 12-month low of $38.68 and a 12-month high of $52.22. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27.
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. The company had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period in the previous year, the company earned $0.90 EPS. equities research analysts predict that Xcel Energy will post 2.31 earnings per share for the current fiscal year.
In other Xcel Energy news, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the sale, the insider now owns 48,424 shares in the company, valued at approximately $2,404,735.84. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Timothy V. Wolf sold 3,000 shares of the business’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 value of $148,440.00. Following the completion of the sale, the director now owns 3,700 shares in the company, valued at approximately $183,076. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XEL. ING Groep NV raised its stake in shares of Xcel Energy by 1.4% during the 2nd quarter. ING Groep NV now owns 7,177 shares of the utilities provider’s stock worth $329,000 after purchasing an additional 100 shares in the last quarter. Strs Ohio raised its stake in shares of Xcel Energy by 18.7% during the 2nd quarter. Strs Ohio now owns 74,000 shares of the utilities provider’s stock worth $3,395,000 after purchasing an additional 11,680 shares in the last quarter. Ingalls & Snyder LLC raised its stake in shares of Xcel Energy by 21.4% during the 2nd quarter. Ingalls & Snyder LLC now owns 7,366 shares of the utilities provider’s stock worth $338,000 after purchasing an additional 1,300 shares in the last quarter. Sei Investments Co. raised its stake in shares of Xcel Energy by 62.9% during the 2nd quarter. Sei Investments Co. now owns 279,650 shares of the utilities provider’s stock worth $12,830,000 after purchasing an additional 108,030 shares in the last quarter. Finally, Candriam Luxembourg S.C.A. raised its stake in shares of Xcel Energy by 1.9% during the 2nd quarter. Candriam Luxembourg S.C.A. now owns 52,978 shares of the utilities provider’s stock worth $2,431,000 after purchasing an additional 965 shares in the last quarter. Hedge funds and other institutional investors own 73.41% of the company’s stock.
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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.
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