Xcel Energy Inc (NYSE:XEL) – KeyCorp issued their FY2019 EPS estimates for Xcel Energy in a note issued to investors on Tuesday, June 4th. KeyCorp analyst S. Karp anticipates that the utilities provider will post earnings per share of $2.67 for the year. KeyCorp currently has a “Overweight” rating and a $62.00 target price on the stock.
XEL has been the topic of a number of other research reports. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating and set a $60.00 price target on the stock. in a research report on Saturday, February 16th. Wolfe Research set a $57.00 price target on Xcel Energy and gave the company a “hold” rating in a research report on Friday, April 26th. Finally, Argus raised their price target on Xcel Energy to $64.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and three have assigned a buy rating to the stock. Xcel Energy currently has a consensus rating of “Hold” and an average price target of $55.13.
NYSE XEL opened at $59.43 on Friday. Xcel Energy has a twelve month low of $41.99 and a twelve month high of $60.56.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $0.61. The business had revenue of $3.14 billion during the quarter, compared to analysts’ expectations of $3.11 billion. During the same quarter last year, the business posted $0.57 EPS. The company’s quarterly revenue was up 6.4% on a year-over-year basis.
Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Nordea Investment Management AB grew its stake in shares of Xcel Energy by 4.4% in the first quarter. Nordea Investment Management AB now owns 815,862 shares of the utilities provider’s stock worth $45,857,000 after purchasing an additional 34,284 shares during the last quarter. Horizon Investments LLC grew its stake in shares of Xcel Energy by 201.4% in the first quarter. Horizon Investments LLC now owns 41,969 shares of the utilities provider’s stock worth $2,359,000 after purchasing an additional 28,046 shares during the last quarter. Laurel Wealth Advisors Inc. bought a new stake in shares of Xcel Energy in the first quarter worth about $204,000. WealthPLAN Partners LLC grew its stake in shares of Xcel Energy by 8.2% in the first quarter. WealthPLAN Partners LLC now owns 11,072 shares of the utilities provider’s stock worth $634,000 after purchasing an additional 843 shares during the last quarter. Finally, Kore Private Wealth LLC bought a new stake in shares of Xcel Energy in the first quarter worth about $133,000. Hedge funds and other institutional investors own 73.96% of the company’s stock.
In other news, SVP Judy M. Poferl sold 8,953 shares of Xcel Energy stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $55.86, for a total value of $500,114.58. Following the transaction, the senior vice president now owns 8,855 shares in the company, valued at $494,640.30. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, EVP Kent T. Larson sold 5,000 shares of Xcel Energy stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $58.43, for a total value of $292,150.00. Following the completion of the transaction, the executive vice president now owns 100,354 shares in the company, valued at approximately $5,863,684.22. The disclosure for this sale can be found here. Insiders have sold 23,953 shares of company stock worth $1,364,565 in the last 90 days. Company insiders own 0.22% of the company’s stock.
The company also recently declared a quarterly dividend, which will be paid on Saturday, July 20th. Shareholders of record on Friday, June 14th will be given a dividend of $0.405 per share. The ex-dividend date is Thursday, June 13th. This represents a $1.62 dividend on an annualized basis and a yield of 2.73%.
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.
Further Reading: Systematic Risk
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