Xcel Energy Inc. (NYSE:XEL) EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction that occurred 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 sale, the executive vice president now owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The transaction was disclosed in a legal filing with the SEC, which is available at this link.
Xcel Energy Inc. (NYSE XEL) opened at $51.20 on Friday. Xcel Energy Inc. has a twelve month low of $39.20 and a twelve month high of $52.22. The company has a market capitalization of $25,814.67, a P/E ratio of 21.73, a P/E/G ratio of 4.03 and a beta of 0.21. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The firm had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. During the same period in the prior year, the firm posted $0.90 earnings per share. The firm’s quarterly revenue was down .8% on a year-over-year basis. equities analysts anticipate that Xcel Energy Inc. will post 2.31 EPS for the current fiscal year.
Several research analysts have recently weighed in on XEL shares. Bank of America started coverage on Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 target price on the stock. BidaskClub upgraded Xcel Energy from a “buy” rating to a “strong-buy” rating in a report on Wednesday, August 23rd. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, October 13th. SunTrust Banks restated a “hold” rating and set a $47.00 target price on shares of Xcel Energy in a report on Tuesday, October 24th. Finally, J P Morgan Chase & Co boosted their target price on Xcel Energy from $51.00 to $53.00 and gave the stock an “overweight” rating in a report on Thursday, October 12th. Nine research analysts have rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $49.00.
A number of institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vanguard Group Inc. boosted its stake in shares of Xcel Energy by 2.5% during the second quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock worth $1,653,253,000 after buying an additional 871,299 shares during the period. JPMorgan Chase & Co. lifted its holdings in shares of Xcel Energy by 6.4% during the 3rd quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock valued at $1,436,147,000 after acquiring an additional 1,810,629 shares in the last quarter. Franklin Resources Inc. lifted its holdings in shares of Xcel Energy by 0.6% during the 2nd quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock valued at $637,728,000 after acquiring an additional 85,566 shares in the last quarter. Ameriprise Financial Inc. lifted its holdings in shares of Xcel Energy by 12.2% during the 3rd quarter. Ameriprise Financial Inc. now owns 6,547,453 shares of the utilities provider’s stock valued at $309,800,000 after acquiring an additional 710,989 shares in the last quarter. Finally, Commonwealth Bank of Australia lifted its holdings in shares of Xcel Energy by 26.9% during the 2nd quarter. Commonwealth Bank of Australia now owns 5,789,794 shares of the utilities provider’s stock valued at $265,634,000 after acquiring an additional 1,225,622 shares in the last quarter. Hedge funds and other institutional investors own 73.41% of the company’s stock.
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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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