Media coverage about Xcel Energy (NYSE:XEL) has been trending somewhat positive recently, Accern Sentiment Analysis reports. The research group identifies negative and positive news coverage by analyzing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of -1 to 1, with scores nearest to one being the most favorable. Xcel Energy earned a daily sentiment score of 0.16 on Accern’s scale. Accern also gave press coverage about the utilities provider an impact score of 45.9944929341449 out of 100, indicating that recent news coverage is somewhat unlikely to have an effect on the company’s share price in the near term.
Here are some of the news stories that may have impacted Accern’s analysis:
- Xcel Energy Inc. (XEL) PT Raised to $46.00 at Morgan Stanley (americanbankingnews.com)
- Xcel Energy Inc. (XEL) Stake Down in Latest Report from Thompson Siegel & Walmsley LLC – Highlight Press (highlightpress.com)
- Xcel Energy (XEL) & Edison International (EIX) Head-To-Head Review (americanbankingnews.com)
- Xcel Energy Inc. (XEL) Stake Increased by Sumitomo Mitsui Trust Holdings, Inc. – First News 24 (firstnewspaper24.com)
Several brokerages recently weighed in on XEL. Zacks Investment Research downgraded shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Thursday, June 15th. BidaskClub downgraded shares of Xcel Energy from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 24th. Argus increased their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. BMO Capital Markets increased their price objective on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a report on Friday, July 28th. Finally, Mizuho assumed coverage on shares of Xcel Energy in a report on Wednesday, April 19th. They set a “neutral” rating and a $44.00 price objective for the company. Ten investment analysts have rated the stock with a hold rating and three have issued a buy rating to the company’s stock. Xcel Energy presently has an average rating of “Hold” and a consensus target price of $46.67.
Shares of Xcel Energy (XEL) opened at 48.19 on Friday. The company has a 50-day moving average of $46.87 and a 200-day moving average of $45.12. Xcel Energy has a 52-week low of $38.00 and a 52-week high of $48.72. The stock has a market capitalization of $24.47 billion, a price-to-earnings ratio of 21.28 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The company had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same period in the prior year, the firm posted $0.39 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities research analysts anticipate that Xcel Energy will post $2.20 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.99%. The ex-dividend date was Tuesday, June 13th. Xcel Energy’s payout ratio is 63.44%.
In other news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction on Friday, July 28th. The shares were sold at an average price of $47.25, for a total value of $472,500.00. Following the completion of the transaction, the executive vice president now owns 80,221 shares in the company, valued at approximately $3,790,442.25. The sale was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.22% 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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