Timothy V. Wolf Sells 3,000 Shares of Xcel Energy Inc. (XEL) Stock

Xcel Energy Inc. (NYSE:XEL) Director Timothy V. Wolf sold 3,000 shares of the stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the sale, the director now directly owns 3,700 shares in the company, valued at $183,076. The sale was disclosed in a filing with the SEC, which is available at this hyperlink.

Shares of Xcel Energy Inc. (XEL) opened at $49.59 on Friday. The company has a market capitalization of $25,012.40, a PE ratio of 21.05, a PEG ratio of 3.90 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.60 and a current ratio of 0.87.

Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. Xcel Energy had a net margin of 10.40% and a return on equity of 10.63%. The company had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period last year, the company earned $0.90 EPS. The firm’s revenue for the quarter was down .8% compared to the same quarter last year. research analysts predict that Xcel Energy Inc. will post 2.31 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were paid a dividend of $0.36 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.44 annualized dividend and a dividend yield of 2.90%. Xcel Energy’s dividend payout ratio is currently 61.54%.

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Institutional investors have recently added to or reduced their stakes in the business. Parallel Advisors LLC boosted its stake in shares of Xcel Energy by 1.6% during the 2nd quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock worth $105,000 after purchasing an additional 36 shares during the last quarter. Carroll Financial Associates Inc. boosted its position in shares of Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after acquiring an additional 300 shares during the last quarter. Sandy Spring Bank boosted its position in shares of Xcel Energy by 24.8% in the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock worth $110,000 after acquiring an additional 477 shares during the last quarter. Dupont Capital Management Corp acquired a new stake in shares of Xcel Energy in the second quarter worth approximately $135,000. Finally, Sharkey Howes & Javer boosted its position in shares of Xcel Energy by 0.5% in the second quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider’s stock worth $138,000 after acquiring an additional 16 shares during the last quarter. 72.57% of the stock is currently owned by institutional investors.

A number of equities research analysts recently commented on XEL shares. 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 research note on Friday, July 28th. BidaskClub raised shares of Xcel Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley increased their price objective on shares of Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research note on Thursday, August 10th. Jefferies Group LLC reissued a “hold” rating and issued a $50.00 price objective on shares of Xcel Energy in a research note on Thursday, August 31st. Finally, Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Tuesday, September 26th. Nine analysts have rated the stock with a hold rating, three have assigned a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $48.91.

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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