Xcel Energy Inc (NYSE:XEL) shares hit a new 52-week high during trading on Wednesday . The company traded as high as $66.39 and last traded at $66.22, with a volume of 47753 shares. The stock had previously closed at $66.00.
XEL has been the topic of a number of recent research reports. Mizuho upped their target price on Xcel Energy from $50.00 to $64.00 and gave the stock a “neutral” rating in a research note on Thursday, October 10th. Bank of America downgraded Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 target price on the stock. in a research note on Monday, September 30th. KeyCorp lowered their target price on Xcel Energy from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. Finally, Goldman Sachs Group initiated coverage on Xcel Energy in a research report on Sunday, December 15th. They set a “neutral” rating and a $59.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and two have assigned a buy rating to the company’s stock. The company has an average rating of “Hold” and an average target price of $63.09.
The business has a 50-day simple moving average of $63.12 and a 200-day simple moving average of $62.60.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.03 by ($0.02). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.55 billion. The company’s quarterly revenue was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.96 EPS.
The firm also recently declared a quarterly dividend, which was paid on Monday, January 20th. Shareholders of record on Thursday, December 26th were given a dividend of $0.405 per share. The ex-dividend date was Tuesday, December 24th. This represents a $1.62 dividend on an annualized basis and a yield of 2.44%.
Several institutional investors have recently made changes to their positions in XEL. BlackRock Inc. grew its position in Xcel Energy by 1.1% in the second quarter. BlackRock Inc. now owns 48,291,767 shares of the utilities provider’s stock worth $2,872,877,000 after acquiring an additional 511,726 shares during the period. State Street Corp raised its stake in Xcel Energy by 2.7% in the third quarter. State Street Corp now owns 26,991,138 shares of the utilities provider’s stock valued at $1,762,175,000 after buying an additional 712,453 shares in the last quarter. Royal Bank of Canada raised its stake in Xcel Energy by 0.6% in the second quarter. Royal Bank of Canada now owns 5,795,950 shares of the utilities provider’s stock valued at $344,800,000 after buying an additional 33,773 shares in the last quarter. Pictet Asset Management Ltd. increased its position in shares of Xcel Energy by 10.3% during the third quarter. Pictet Asset Management Ltd. now owns 5,416,380 shares of the utilities provider’s stock worth $351,469,000 after purchasing an additional 507,559 shares in the last quarter. Finally, Boston Partners increased its position in shares of Xcel Energy by 6.8% during the third quarter. Boston Partners now owns 4,308,608 shares of the utilities provider’s stock worth $279,558,000 after purchasing an additional 273,484 shares in the last quarter. 73.96% of the stock is owned by institutional investors and hedge funds.
About Xcel Energy (NYSE:XEL)
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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