Headlines about Xcel Energy (NYSE:XEL) have trended somewhat positive this week, Accern Sentiment Analysis reports. The research firm rates the sentiment of press coverage by monitoring more than 20 million blog and news sources in real time. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Xcel Energy earned a media sentiment score of 0.24 on Accern’s scale. Accern also assigned headlines about the utilities provider an impact score of 44.834827870959 out of 100, meaning that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.
These are some of the headlines that may have effected Accern’s rankings:
- Xcel Energy To Deploy Drones, Lowers Maintenance Cost (benzinga.com)
- Xcel Energy to fly unmanned helicopter beyond line of sight, a first under FAA waiver, to inspect infrastructure (intelligent-aerospace.com)
- Xcel Energy Inc (XEL) to Post Q1 2018 Earnings of $0.51 Per Share, KeyCorp Forecasts (americanbankingnews.com)
- Xcel Energy (XEL) to Deploy Drones, Lowers Maintenance Cost (finance.yahoo.com)
- Xcel Energy (XEL) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
A number of equities analysts have recently weighed in on the company. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price target for the company in a report on Tuesday. Morgan Stanley increased their price target on Xcel Energy from $48.00 to $50.00 and gave the stock an “overweight” rating in a report on Monday, April 16th. UBS assumed coverage on Xcel Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $47.00 price target for the company. SunTrust Banks set a $43.00 price target on Xcel Energy and gave the stock a “hold” rating in a report on Monday, February 5th. Finally, Mizuho upgraded Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price target for the company in a report on Tuesday, March 27th. Seven equities research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $47.77.
Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. research analysts predict that Xcel Energy will post 2.44 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, April 20th. Investors of record on Thursday, March 15th were issued a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.37%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, March 14th.
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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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