Traders Buy Shares of Xcel Energy (XEL) on Weakness
Traders bought shares of Xcel Energy Inc (NYSE:XEL) on weakness during trading on Friday. $49.22 million flowed into the stock on the tick-up and $15.52 million flowed out of the stock on the tick-down, for a money net flow of $33.70 million into the stock. Of all equities tracked, Xcel Energy had the 25th highest net in-flow for the day. Xcel Energy traded down ($0.37) for the day and closed at $45.15
A number of equities analysts have commented on XEL shares. Morgan Stanley increased their target price on Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. SunTrust Banks reissued a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a report on Monday, December 4th. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Mizuho reissued a “hold” rating and set a $46.00 target price on shares of Xcel Energy in a report on Friday, September 29th. Finally, Royal Bank of Canada reissued a “hold” rating and set a $48.00 target price on shares of Xcel Energy in a report on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Hold” and a consensus price target of $49.09.
The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. The stock has a market cap of $22,930.00, a price-to-earnings ratio of 19.38, a P/E/G ratio of 3.51 and a beta of 0.21.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The firm had revenue of $3.02 billion during the quarter, compared to analysts’ expectations of $3.27 billion. During the same quarter last year, the firm earned $0.90 earnings per share. The business’s revenue for the quarter was down .8% on a year-over-year basis. equities analysts predict that Xcel Energy Inc will post 2.31 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Saturday, January 20th. Investors of record on Thursday, December 28th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Wednesday, December 27th. This represents a $1.44 annualized dividend and a dividend yield of 3.19%. Xcel Energy’s dividend payout ratio is presently 61.80%.
In related news, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction that occurred on Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the sale, the insider now owns 48,424 shares of the company’s stock, valued at $2,404,735.84. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Timothy V. Wolf sold 3,000 shares of the stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total value of $148,440.00. Following the completion of the sale, the director now directly owns 3,700 shares of the company’s stock, valued at approximately $183,076. The disclosure for this sale can be found here. In the last ninety days, insiders sold 28,363 shares of company stock valued at $1,415,265. Insiders own 0.22% of the company’s stock.
Large investors have recently bought and sold shares of the stock. Assetmark Inc. increased its holdings in shares of Xcel Energy by 118.9% in the third quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock valued at $104,000 after purchasing an additional 1,190 shares during the last quarter. Sandy Spring Bank increased its holdings in shares of Xcel Energy by 24.8% in the second quarter. Sandy Spring Bank now owns 2,401 shares of the utilities provider’s stock valued at $110,000 after purchasing an additional 477 shares during the last quarter. Krilogy Financial LLC acquired a new stake in shares of Xcel Energy in the third quarter valued at approximately $127,000. BB&T Investment Services Inc. increased its holdings in shares of Xcel Energy by 73.3% in the third quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock valued at $145,000 after purchasing an additional 1,155 shares during the last quarter. Finally, Sun Life Financial INC increased its holdings in shares of Xcel Energy by 30,858.3% in the second quarter. Sun Life Financial INC now owns 3,715 shares of the utilities provider’s stock valued at $170,000 after purchasing an additional 3,703 shares during the last quarter. 73.31% of the stock is owned by hedge funds and other institutional investors.
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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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