Stock Traders Buy High Volume of Call Options on Xcel Energy (XEL)
Xcel Energy Inc (NYSE:XEL) was the recipient of some unusual options trading activity on Monday. Stock investors purchased 2,056 call options on the company. This represents an increase of 3,270% compared to the average daily volume of 61 call options.
A number of research analysts have recently issued reports on XEL shares. Barclays started coverage on shares of Xcel Energy in a report on Tuesday, July 10th. They set an “overweight” rating and a $53.00 price objective for the company. Morgan Stanley boosted their price target on shares of Xcel Energy from $49.00 to $52.00 and gave the stock an “overweight” rating in a report on Tuesday, September 11th. Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Monday, June 18th. Finally, Bank of America cut shares of Xcel Energy from a “buy” rating to a “neutral” rating and set a $47.00 price target on the stock. in a report on Wednesday, June 20th. Seven analysts have rated the stock with a hold rating and four have given a buy rating to the stock. The company currently has a consensus rating of “Hold” and an average price target of $48.00.
Xcel Energy stock opened at $47.04 on Tuesday. Xcel Energy has a fifty-two week low of $41.51 and a fifty-two week 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.
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, October 20th. Shareholders of record on Friday, September 14th will be given a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.23%. The ex-dividend date of this dividend is Thursday, September 13th.
In other Xcel Energy news, Director Lynn Casey acquired 1,000 shares of Xcel Energy stock in a transaction dated Wednesday, September 5th. The stock was purchased at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the acquisition, the director now directly owns 3,131 shares of the company’s stock, valued at $153,074.59. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Judy M. Poferl sold 7,182 shares of Xcel Energy stock in a transaction dated Friday, September 7th. The shares were sold at an average price of $48.67, for a total transaction of $349,547.94. Following the transaction, the senior vice president now owns 25,460 shares of the company’s stock, valued at $1,239,138.20. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
A number of hedge funds have recently made changes to their positions in XEL. Northwestern Mutual Wealth Management Co. raised its position in shares of Xcel Energy by 79.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 40,184 shares of the utilities provider’s stock valued at $1,836,000 after purchasing an additional 17,825 shares during the period. Captrust Financial Advisors raised its position in shares of Xcel Energy by 4.3% in the second quarter. Captrust Financial Advisors now owns 60,219 shares of the utilities provider’s stock valued at $2,773,000 after purchasing an additional 2,476 shares during the period. Sigma Planning Corp raised its position in shares of Xcel Energy by 49.3% in the second quarter. Sigma Planning Corp now owns 23,791 shares of the utilities provider’s stock valued at $1,087,000 after purchasing an additional 7,852 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS bought a new stake in shares of Xcel Energy in the second quarter valued at approximately $2,433,000. Finally, Sompo Japan Nipponkoa Asset Management CO. LTD. bought a new stake in shares of Xcel Energy in the second quarter valued at approximately $986,000. 73.96% of the stock is currently owned by institutional investors and hedge funds.
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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