ValuEngine Upgrades Xcel Energy Inc. (XEL) to “Buy”
ValuEngine upgraded shares of Xcel Energy Inc. (NYSE:XEL) from a hold rating to a buy rating in a report released on Thursday.
Several other equities research analysts have also commented on the stock. SunTrust Banks, Inc. restated a hold rating and issued a $47.00 price target on shares of Xcel Energy in a report on Tuesday, October 24th. Bank of America Corporation initiated coverage on shares of Xcel Energy in a report on Tuesday, October 24th. They issued a buy rating and a $53.00 price target for the company. Zacks Investment Research upgraded shares of Xcel Energy from a sell rating to a hold rating in a research note on Friday, October 13th. J P Morgan Chase & Co boosted their price objective on shares of Xcel Energy from $51.00 to $53.00 and gave the stock an overweight rating in a research note on Thursday, October 12th. Finally, Royal Bank Of Canada reiterated a hold rating and set a $48.00 price objective on shares of Xcel Energy in a research note on Tuesday, October 10th. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of Hold and an average price target of $48.91.
Shares of Xcel Energy (XEL) opened at $50.20 on Thursday. Xcel Energy has a twelve month low of $38.20 and a twelve month high of $50.57. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68. The company has a market cap of $25,489.70, a PE ratio of 21.45, a PEG ratio of 3.98 and a beta of 0.21.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the 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 business had revenue of $3.02 billion during the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the previous year, the business posted $0.90 EPS. The company’s quarterly revenue was down .8% compared to the same quarter last year. sell-side analysts expect that Xcel Energy will post 2.31 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Stockholders of record on Friday, September 15th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, September 14th. Xcel Energy’s dividend payout ratio (DPR) is currently 61.54%.
In other news, insider Mark E. Stoering sold 20,187 shares of the company’s stock in a transaction on 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 directly owns 48,424 shares of the company’s stock, valued at approximately $2,404,735.84. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Daniel Yohannes purchased 1,000 shares of the stock in a transaction that occurred on Tuesday, September 5th. The shares were purchased at an average cost of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the acquisition, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $49,530. The disclosure for this purchase can be found here. 0.22% of the stock is owned by corporate insiders.
A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Schwab Charles Investment Management Inc. boosted its holdings in Xcel Energy by 1.7% during the third quarter. Schwab Charles Investment Management Inc. now owns 1,768,886 shares of the utilities provider’s stock worth $83,704,000 after buying an additional 29,317 shares in the last quarter. Mitsubishi UFJ Trust & Banking Corp boosted its holdings in Xcel Energy by 2.3% during the third quarter. Mitsubishi UFJ Trust & Banking Corp now owns 1,167,945 shares of the utilities provider’s stock worth $55,267,000 after buying an additional 26,050 shares in the last quarter. Orgel Wealth Management LLC purchased a new stake in Xcel Energy during the third quarter worth $254,000. WINTON GROUP Ltd boosted its holdings in Xcel Energy by 598.9% during the third quarter. WINTON GROUP Ltd now owns 97,554 shares of the utilities provider’s stock worth $4,616,000 after buying an additional 83,595 shares in the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in Xcel Energy by 3.3% during the third quarter. Wells Fargo & Company MN now owns 4,137,832 shares of the utilities provider’s stock worth $195,802,000 after buying an additional 132,192 shares in the last quarter. 73.32% of the stock is currently owned by hedge funds and other institutional investors.
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.
To view ValuEngine’s full report, visit ValuEngine’s official website.
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