Xcel Energy Inc (NYSE:XEL)‘s stock had its “equal weight” rating reiterated by equities research analysts at Barclays PLC in a research note issued to investors on Sunday, April 23rd. They currently have a $47.00 target price on the utilities provider’s stock, up from their previous target price of $44.00. Barclays PLC’s target price would suggest a potential upside of 1.51% from the company’s current price.
XEL has been the topic of several other research reports. Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, January 7th. Mizuho began coverage on Xcel Energy in a research report on Wednesday, April 19th. They issued a “neutral” rating and a $44.00 price objective on the stock. Jefferies Group LLC restated a “hold” rating and issued a $44.00 price objective on shares of Xcel Energy in a research report on Monday, February 6th. Royal Bank of Canada restated a “hold” rating and issued a $45.00 price objective on shares of Xcel Energy in a research report on Friday, March 17th. Finally, Deutsche Bank AG upped their price objective on Xcel Energy from $44.00 to $45.00 and gave the stock a “hold” rating in a research report on Tuesday, April 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. Xcel Energy currently has a consensus rating of “Hold” and a consensus price target of $46.33.
Xcel Energy (NYSE:XEL) opened at 46.30 on Friday. Xcel Energy has a 12-month low of $38.00 and a 12-month high of $46.40. The firm has a market cap of $23.51 billion, a P/E ratio of 21.01 and a beta of 0.09. The firm’s 50-day moving average is $45.02 and its 200 day moving average is $42.33.
Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, April 27th. The utilities provider reported $0.47 EPS for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.03. The firm had revenue of $2.95 billion during the quarter, compared to analysts’ expectations of $2.94 billion. Xcel Energy had a net margin of 10.11% and a return on equity of 10.41%. Xcel Energy’s quarterly revenue was up 6.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.47 EPS. Equities analysts forecast that Xcel Energy will post $2.20 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, June 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.11%. The ex-dividend date is Tuesday, June 13th. Xcel Energy’s dividend payout ratio is currently 61.54%.
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A number of hedge funds and other institutional investors have recently bought and sold shares of XEL. Farmers & Merchants Trust Co of Chambersburg PA purchased a new position in Xcel Energy during the fourth quarter valued at approximately $119,000. TLP Group LLC increased its position in Xcel Energy by 13.5% in the third quarter. TLP Group LLC now owns 2,935 shares of the utilities provider’s stock valued at $121,000 after buying an additional 348 shares in the last quarter. Sharkey Howes & Javer increased its position in Xcel Energy by 0.5% in the third quarter. Sharkey Howes & Javer now owns 2,961 shares of the utilities provider’s stock valued at $122,000 after buying an additional 15 shares in the last quarter. Founders Capital Management purchased a new position in Xcel Energy during the first quarter valued at approximately $124,000. Finally, Reilly Financial Advisors LLC increased its position in Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock valued at $129,000 after buying an additional 160 shares in the last quarter. 70.91% of the stock is owned by hedge funds and other institutional investors.
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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