According to Zacks, “Xcel Energy’s long-term investment plans will strengthen its operations and help it to serve its expanding customer base in a more reliable and efficient manner. The company is also benefiting from improving economic conditions in its service territories. The company is focused on expanding its renewable generation assets and lowering its carbon footprint. Xcel Energy's operation is subject to stringent environmental legislations which call for additional expenditures and can adversely impact the company's profits. Rising debt levels of Xcel Energy is a concern, with its debt/capital ratio presently higher than the industry average. Despite safety measures, nuclear units run the possibility of accidents and forced shutdown, and Xcel Energy’s nuclear generation assets are not immune to such risks.”
Several other research firms also recently issued reports on XEL. Jefferies Group boosted their price objective on Xcel Energy from $42.00 to $45.00 and gave the stock a hold rating in a report on Thursday, August 4th. Argus reiterated a buy rating and issued a $48.00 target price on shares of Xcel Energy in a report on Monday, September 26th. SunTrust Banks Inc. upped their target price on Xcel Energy from $41.00 to $42.00 and gave the company a neutral rating in a report on Monday, September 26th. Finally, JPMorgan Chase & Co. set a $49.00 target price on Xcel Energy and gave the company a buy rating in a report on Thursday, September 8th. Six investment analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of C$44.00.
Xcel Energy (NYSE:XEL) opened at 39.45 on Thursday. The firm has a market capitalization of $20.04 billion, a PE ratio of 18.71 and a beta of 0.13. The firm’s 50-day moving average is $41.39 and its 200-day moving average is $41.94. Xcel Energy has a 12 month low of $34.33 and a 12 month high of $45.42.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.40 by $0.01. The company had revenue of $2.50 billion for the quarter, compared to analyst estimates of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. Xcel Energy’s quarterly revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 EPS. On average, equities research analysts expect that Xcel Energy will post $2.20 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 20th. Investors of record on Thursday, September 15th will be issued a $0.34 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.36 dividend on an annualized basis and a yield of 3.45%. Xcel Energy’s dividend payout ratio is currently 64.46%.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The stock was sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the completion of the sale, the executive vice president now owns 79,404 shares of the company’s stock, valued at C$3,307,970.64. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.20% of the stock is owned by corporate insiders.
Large investors have recently made changes to their positions in the company. Advisory Services Network LLC boosted its stake in shares of Xcel Energy by 0.3% in the second quarter. Advisory Services Network LLC now owns 6,031 shares of the company’s stock worth $270,000 after buying an additional 16 shares during the last quarter. Sharkey Howes & Javer boosted its stake in Xcel Energy by 0.5% in the second quarter. Sharkey Howes & Javer now owns 2,946 shares of the company’s stock valued at $132,000 after buying an additional 16 shares in the last quarter. City Holding Co. boosted its stake in Xcel Energy by 1.5% in the second quarter. City Holding Co. now owns 2,776 shares of the company’s stock valued at $124,000 after buying an additional 41 shares in the last quarter. NEXT Financial Group Inc boosted its stake in Xcel Energy by 0.8% in the second quarter. NEXT Financial Group Inc now owns 6,290 shares of the company’s stock valued at $281,000 after buying an additional 50 shares in the last quarter. Finally, Hollencrest Securities LLC boosted its stake in Xcel Energy by 0.9% in the second quarter. Hollencrest Securities LLC now owns 6,527 shares of the company’s stock valued at $292,000 after buying an additional 57 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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