Somewhat Positive News Coverage Somewhat Unlikely to Affect Xcel Energy (XEL) Stock Price

Media coverage about Xcel Energy (NYSE:XEL) has been trending somewhat positive this week, according to Accern. Accern rates the sentiment of news coverage by analyzing more than 20 million news and blog sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Xcel Energy earned a coverage optimism score of 0.20 on Accern’s scale. Accern also gave news coverage about the utilities provider an impact score of 45.3080451455868 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the company’s share price in the near term.

Here are some of the news articles that may have impacted Accern’s analysis:

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XEL has been the topic of several analyst reports. Royal Bank of Canada restated a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a research report on Thursday, February 1st. SunTrust Banks restated a “hold” rating and issued a $44.00 target price on shares of Xcel Energy in a research report on Tuesday, December 26th. Bank of America lowered their target price on Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Morgan Stanley upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Tuesday, February 13th. Finally, Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $48.00.

Shares of XEL stock traded down $0.83 during mid-day trading on Friday, hitting $43.74. The stock had a trading volume of 4,274,336 shares, compared to its average volume of 3,837,810. Xcel Energy has a one year low of $41.51 and a one year high of $52.22. The firm has a market cap of $22,160.00, a PE ratio of 19.02, a PEG ratio of 3.18 and a beta of 0.18. 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 issued its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same quarter last year, the business posted $0.45 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. sell-side analysts predict that Xcel Energy will post 2.44 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.38 per share. The ex-dividend date is Wednesday, March 14th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 3.48%. Xcel Energy’s dividend payout ratio (DPR) is 66.09%.

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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.

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

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