Xcel Energy Inc (XEL) Receives Average Recommendation of “Hold” from Analysts

Xcel Energy Inc (NYSE:XEL) has been assigned an average rating of “Hold” from the six analysts that are covering the stock, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokers that have covered the stock in the last year is $52.00.

Separately, Zacks Investment Research cut shares of Xcel Energy from a “buy” rating to a “hold” rating and set a $60.00 target price for the company. in a research report on Saturday, February 16th.

In related news, EVP Scott M. Wilensky sold 15,004 shares of the firm’s stock in a transaction dated Wednesday, February 13th. The shares were sold at an average price of $53.07, for a total transaction of $796,262.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Judy M. Poferl sold 8,953 shares of the firm’s stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $55.86, for a total transaction of $500,114.58. Following the sale, the senior vice president now owns 8,855 shares of the company’s stock, valued at $494,640.30. The disclosure for this sale can be found here. Insiders sold 98,957 shares of company stock valued at $5,431,127 over the last quarter. Company insiders own 0.22% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the stock. Capital Investment Advisory Services LLC acquired a new stake in Xcel Energy during the fourth quarter worth about $25,000. Claybrook Capital LLC acquired a new stake in Xcel Energy during the fourth quarter worth about $25,000. Altshuler Shaham Ltd acquired a new stake in Xcel Energy during the fourth quarter worth about $26,000. Bruderman Asset Management LLC acquired a new stake in Xcel Energy during the fourth quarter worth about $27,000. Finally, Group One Trading L.P. acquired a new stake in Xcel Energy during the fourth quarter worth about $32,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Shares of NYSE XEL traded down $0.09 during mid-day trading on Friday, reaching $54.68. The company’s stock had a trading volume of 3,107,346 shares, compared to its average volume of 3,470,113. Xcel Energy has a 1-year low of $41.99 and a 1-year high of $57.51.

Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, January 31st. The utilities provider reported $0.42 EPS for the quarter, meeting the Zacks’ consensus estimate of $0.42. The business had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.86 billion.

The firm also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were given a $0.405 dividend. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.96%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.38. The ex-dividend date of this dividend was Thursday, March 14th.

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.

Read More: What impact do institutional investors have on markets?

Analyst Recommendations for Xcel Energy (NYSE:XEL)

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.