Xcel Energy Inc (XEL) Receives Average Rating of “Buy” from Brokerages

Shares of Xcel Energy Inc (NYSE:XEL) have been assigned an average recommendation of “Buy” from the thirteen research firms that are covering the company, MarketBeat Ratings reports. Six investment analysts have rated the stock with a hold rating, six have issued a buy rating and one has issued a strong buy rating on the company. The average 12-month price objective among brokers that have issued ratings on the stock in the last year is $47.80.

XEL has been the topic of several analyst reports. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 target price on the stock in a research report on Thursday, May 17th. Royal Bank of Canada restated a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a research report on Thursday, February 1st. Bank of America lowered their target price on Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research report on Thursday, February 8th. Morgan Stanley upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 target price on the stock in a research report on Tuesday, February 13th. Finally, SunTrust Banks set a $43.00 target price on Xcel Energy and gave the company a “hold” rating in a research report on Monday, March 19th.

XEL opened at $44.36 on Thursday. Xcel Energy has a 12 month low of $41.51 and a 12 month high of $52.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87.

Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, April 26th. The utilities provider reported $0.57 EPS for the quarter, beating the consensus estimate of $0.51 by $0.06. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The firm had revenue of $2.95 billion for the quarter, compared to analysts’ expectations of $2.98 billion. During the same period last year, the firm earned $0.47 EPS. The firm’s revenue was up .2% compared to the same quarter last year. analysts anticipate that Xcel Energy will post 2.44 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Stockholders of record on Friday, June 15th will be given a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.43%. The ex-dividend date is Thursday, June 14th.

In other news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of Xcel Energy stock in a transaction on Monday, April 30th. The stock was sold at an average price of $47.01, for a total transaction of $3,760,800.00. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is currently owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of XEL. SeaCrest Wealth Management LLC acquired a new position in shares of Xcel Energy in the 4th quarter worth $105,000. Dupont Capital Management Corp grew its holdings in shares of Xcel Energy by 131.8% in the 1st quarter. Dupont Capital Management Corp now owns 2,666 shares of the utilities provider’s stock worth $121,000 after acquiring an additional 1,516 shares during the last quarter. Avestar Capital LLC acquired a new position in shares of Xcel Energy in the 4th quarter worth $134,000. Point72 Asia Hong Kong Ltd grew its holdings in shares of Xcel Energy by 328.8% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,280 shares of the utilities provider’s stock worth $149,000 after acquiring an additional 2,515 shares during the last quarter. Finally, GSA Capital Partners LLP acquired a new position in shares of Xcel Energy in the 1st quarter worth $202,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

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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