Xcel Energy (XEL) Rating Reiterated by SunTrust Banks

Xcel Energy (NYSE:XEL)‘s stock had its “hold” rating reaffirmed by equities research analysts at SunTrust Banks in a research note issued to investors on Monday, December 4th. They currently have a $48.00 price objective on the utilities provider’s stock. SunTrust Banks’ price objective points to a potential downside of 0.23% from the stock’s previous close.

A number of other equities analysts have also recently issued reports on XEL. Mizuho restated a “hold” rating and set a $46.00 price objective on shares of Xcel Energy in a report on Friday, September 29th. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Morgan Stanley upped their target price on Xcel Energy from $45.00 to $46.00 and gave the stock an “equal weight” rating in a report on Thursday, August 10th. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Finally, Jefferies Group reiterated a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a report on Friday, October 6th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the stock. Xcel Energy has a consensus rating of “Hold” and a consensus price target of $49.09.

Shares of Xcel Energy (NYSE XEL) traded up $0.03 during trading on Monday, hitting $48.11. The stock had a trading volume of 2,770,633 shares, compared to its average volume of 2,958,552. The stock has a market cap of $24,413.24, a PE ratio of 20.55, a price-to-earnings-growth ratio of 3.81 and a beta of 0.21. 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 has a 12-month low of $40.04 and a 12-month high of $52.22.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the Zacks’ consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter in the previous year, the business earned $0.90 EPS. The company’s quarterly revenue was down .8% on a year-over-year basis. equities analysts expect that Xcel Energy will post 2.31 EPS for the current year.

In other Xcel Energy news, Director Timothy V. Wolf sold 3,000 shares of the business’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the sale, the director now owns 3,700 shares in the company, valued at approximately $183,076. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the business’s stock in a transaction dated Monday, November 6th. The shares were sold at an average price of $49.66, for a total value of $1,002,486.42. Following the sale, the insider now owns 48,424 shares in the company, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. Insiders have sold a total of 28,363 shares of company stock worth $1,415,265 over the last ninety days. 0.22% of the stock is currently owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Parametric Portfolio Associates LLC boosted its stake in shares of Xcel Energy by 6.3% in the third quarter. Parametric Portfolio Associates LLC now owns 1,182,695 shares of the utilities provider’s stock worth $55,965,000 after buying an additional 70,487 shares during the last quarter. Vista Private Wealth Partners. LLC purchased a new stake in shares of Xcel Energy in the third quarter worth about $314,000. Chicago Partners Investment Group LLC purchased a new stake in shares of Xcel Energy in the third quarter worth about $234,000. Steward Partners Investment Advisory LLC purchased a new stake in shares of Xcel Energy in the third quarter worth about $505,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Xcel Energy in the third quarter worth about $512,000. Institutional investors and hedge funds own 73.31% 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.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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