Favorable Media Coverage Somewhat Unlikely to Affect Xcel Energy (XEL) Share Price
News stories about Xcel Energy (NYSE:XEL) have been trending positive recently, Accern Sentiment Analysis reports. Accern identifies negative and positive media coverage by reviewing more than twenty million blog and news sources. Accern ranks coverage of companies on a scale of negative one to positive one, with scores nearest to one being the most favorable. Xcel Energy earned a news sentiment score of 0.25 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 46.7151685702635 out of 100, meaning that recent media coverage is somewhat unlikely to have an effect on the company’s share price in the next few days.
Here are some of the headlines that may have impacted Accern Sentiment Analysis’s analysis:
- Xcel Energy Inc. (XEL) Scheduled to Post Earnings on Thursday (americanbankingnews.com)
- Xcel Energy, Inc. – Value Analysis (NYSE:XEL) : October 16, 2017 (finance.yahoo.com)
- Xcel Energy Inc. (XEL) Upgraded at Zacks Investment Research (americanbankingnews.com)
- Xcel Energy, Inc. breached its 50 day moving average in a Bullish Manner : XEL-US : October 13, 2017 (finance.yahoo.com)
- Xcel Energy Inc. (XEL) Price Target Increased to $53.00 by Analysts at J P Morgan Chase & Co (americanbankingnews.com)
Several research firms have issued reports on XEL. Morgan Stanley lifted their target price on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. Jefferies Group LLC reaffirmed a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a research report on Thursday, August 31st. BidaskClub raised Xcel Energy from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, August 23rd. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, J P Morgan Chase & Co lifted their target price on Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Eight investment analysts have rated the stock with a hold rating, two have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average price target of $48.67.
Shares of Xcel Energy (NYSE:XEL) opened at 48.73 on Thursday. The company has a 50 day moving average price of $48.49 and a 200 day moving average price of $47.10. Xcel Energy has a 52 week low of $38.00 and a 52 week high of $50.56. The company has a market capitalization of $24.74 billion, a PE ratio of 21.51 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating analysts’ consensus estimates of $0.43 by $0.02. The business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. The company’s revenue for the quarter was up 5.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.39 EPS. On average, equities research analysts expect that Xcel Energy will post $2.20 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be issued a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.96%. The ex-dividend date of this dividend is Thursday, September 14th. Xcel Energy’s dividend payout ratio is currently 63.44%.
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In other Xcel Energy news, Director Daniel Yohannes purchased 1,000 shares of Xcel Energy stock in a transaction on Tuesday, September 5th. The stock was bought at an average cost of $49.53 per share, with a total value of $49,530.00. Following the transaction, the director now owns 1,000 shares of the company’s stock, valued at approximately $49,530. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Kent T. Larson sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the transaction, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
Xcel Energy Company Profile
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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