Xcel Energy Inc (NYSE:XEL) Given Average Recommendation of “Hold” by Analysts

Xcel Energy Inc (NYSE:XEL) has received an average recommendation of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and two have issued a buy recommendation on the company. The average 12-month target price among analysts that have covered the stock in the last year is $59.71.

A number of research analysts recently commented on XEL shares. Morgan Stanley decreased their price target on Xcel Energy from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research report on Friday, August 16th. KeyCorp started coverage on Xcel Energy in a research report on Tuesday, June 4th. They issued an “overweight” rating and a $62.00 price target on the stock. Wolfe Research set a $57.00 price target on Xcel Energy and gave the stock a “hold” rating in a research report on Friday, April 26th. Barclays cut Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price target on the stock. in a research report on Tuesday, August 13th. They noted that the move was a valuation call. Finally, Argus raised their price target on Xcel Energy to $64.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd.

Shares of NYSE XEL traded down $0.83 during mid-day trading on Friday, reaching $62.45. The company had a trading volume of 3,231,791 shares, compared to its average volume of 3,225,979. Xcel Energy has a one year low of $46.01 and a one year high of $63.68. The business’s 50-day simple moving average is $61.06 and its 200 day simple moving average is $57.78.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.07). The company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the prior year, the firm earned $0.52 EPS. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year.

In other Xcel Energy news, CFO Robert Frenzel sold 4,400 shares of Xcel Energy stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $58.60, for a total value of $257,840.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Scott M. Wilensky sold 15,000 shares of Xcel Energy stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $61.71, for a total value of $925,650.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 79,400 shares of company stock worth $4,746,290. Company insiders own 0.22% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the business. LLBH Private Wealth Management LLC bought a new position in Xcel Energy in the second quarter valued at about $25,000. Krane Funds Advisors LLC bought a new stake in shares of Xcel Energy during the second quarter worth about $25,000. Manchester Financial Inc. bought a new stake in shares of Xcel Energy during the second quarter worth about $26,000. Prestige Wealth Management Group LLC bought a new stake in shares of Xcel Energy during the second quarter worth about $27,000. Finally, Dougherty Wealth Advisers LLC bought a new stake in shares of Xcel Energy during the second quarter worth about $30,000. Hedge funds and other institutional investors own 73.96% 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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Analyst Recommendations for Xcel Energy (NYSE:XEL)

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