Xcel Energy Inc. (NYSE:XEL) EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link.
Xcel Energy Inc. (XEL) opened at 48.19 on Friday. Xcel Energy Inc. has a one year low of $38.00 and a one year high of $48.72. The firm has a 50-day moving average of $46.87 and a 200-day moving average of $45.12. The company has a market cap of $24.47 billion, a PE ratio of 21.28 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The firm’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.39 earnings per share. On average, analysts predict that Xcel Energy Inc. will post $2.20 EPS for the current year.
The firm also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Investors of record on Thursday, June 15th were paid a $0.36 dividend. The ex-dividend date of this dividend was Tuesday, June 13th. This represents a $1.44 dividend on an annualized basis and a yield of 2.99%. Xcel Energy’s payout ratio is currently 63.44%.
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Several brokerages have recently weighed in on XEL. Morgan Stanley raised their target price on Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price for the company in a research note on Thursday, June 22nd. Jefferies Group LLC restated a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a research note on Friday, June 9th. BidaskClub upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Finally, BMO Capital Markets lifted their price target on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Ten research analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $46.67.
Hedge funds have recently bought and sold shares of the stock. Sharkey Howes & Javer boosted its stake in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares during the last quarter. Alpha Windward LLC boosted its stake in Xcel Energy by 0.4% in the first quarter. Alpha Windward LLC now owns 4,022 shares of the utilities provider’s stock worth $179,000 after buying an additional 18 shares during the last quarter. Buckingham Asset Management LLC boosted its stake in Xcel Energy by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock worth $260,000 after buying an additional 28 shares during the last quarter. Eqis Capital Management Inc. boosted its stake in Xcel Energy by 0.5% in the second quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock worth $244,000 after buying an additional 29 shares during the last quarter. Finally, Parallel Advisors LLC boosted its stake in Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after buying an additional 36 shares during the last quarter. 72.03% of the stock is currently owned by institutional investors and hedge funds.
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.
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