Xcel Energy (XEL) Getting Somewhat Favorable News Coverage, Analysis Finds
News articles about Xcel Energy (NYSE:XEL) have trended somewhat positive on Tuesday, Accern Sentiment Analysis reports. The research firm rates the sentiment of news coverage by monitoring more than 20 million news and blog sources. Accern ranks coverage of public companies on a scale of negative one to one, with scores closest to one being the most favorable. Xcel Energy earned a coverage optimism score of 0.14 on Accern’s scale. Accern also assigned news stories about the utilities provider an impact score of 44.3788373503821 out of 100, meaning that recent news coverage is somewhat unlikely to have an effect on the stock’s share price in the next few days.
These are some of the news stories that may have impacted Accern Sentiment’s analysis:
- Xcel Energy Inc., (NASDAQ: XEL) – Is The Stock A Good Investment? – Stock Watch (stocksnewstimes.com)
- Xcel Energy (XEL) Lifted to Overweight at Morgan Stanley (americanbankingnews.com)
- Utility offered Burgum more than free Super Bowl tickets (finance.yahoo.com)
- Comprehensive Stock Analysis – Xcel Energy Inc (NASDAQ: XEL) – Alpha Beta Stock (alphabetastock.com)
- Morgan Stanley Issues Industrywide Utilities Update (finance.yahoo.com)
XEL has been the subject of several recent research reports. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Bank of America began coverage on Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price target for the company. Morgan Stanley raised their target price on Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. SunTrust Banks reissued a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a report on Monday, December 4th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $49.00 target price on shares of Xcel Energy in a report on Thursday, February 1st. Nine equities research analysts have rated the stock with a hold rating, five have issued a buy rating and one has given a strong buy rating to the stock. Xcel Energy has a consensus rating of “Hold” and an average price target of $48.00.
Xcel Energy (NYSE:XEL) last released 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 business had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period last year, the business posted $0.45 EPS. Xcel Energy’s revenue was up .0% compared to the same quarter last year. equities analysts anticipate that Xcel Energy will post 2.44 EPS for the current fiscal year.
In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the transaction, the executive vice president now owns 81,371 shares in the company, valued at $4,155,616.97. The sale was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 0.22% 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.
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