Xcel Energy Inc (NYSE:XEL) has received an average recommendation of “Buy” from the twelve brokerages that are currently covering the company, MarketBeat.com reports. Six research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has assigned a strong buy recommendation to the company. The average twelve-month target price among brokerages that have covered the stock in the last year is $47.88.

Several research firms have weighed in on XEL. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a research note on Thursday, May 17th. Morgan Stanley cut their target price on Xcel Energy from $49.00 to $46.00 and set an “overweight” rating for the company in a research note on Wednesday, June 13th. Bank of America cut Xcel Energy from a “buy” rating to a “neutral” rating and set a $47.00 target price for the company. in a research note on Wednesday, June 20th. Finally, Barclays began coverage on Xcel Energy in a research note on Tuesday, July 10th. They set an “overweight” rating and a $53.00 target price for the company.

In other news, Director Timothy V. Wolf sold 3,163 shares of the company’s stock in a transaction on Tuesday, May 29th. The shares were sold at an average price of $45.15, for a total transaction of $142,809.45. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at $45,150. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is currently owned by corporate insiders.

Several large investors have recently made changes to their positions in the company. Dupont Capital Management Corp boosted its holdings in Xcel Energy by 131.8% in the 1st quarter. Dupont Capital Management Corp now owns 2,666 shares of the utilities provider’s stock valued at $121,000 after purchasing an additional 1,516 shares during the period. Point72 Asia Hong Kong Ltd boosted its holdings in Xcel Energy by 328.8% in the 1st quarter. Point72 Asia Hong Kong Ltd now owns 3,280 shares of the utilities provider’s stock valued at $149,000 after purchasing an additional 2,515 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in Xcel Energy by 105.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,774 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 2,449 shares during the period. Poehling Capital Management LLC boosted its holdings in Xcel Energy by 91.2% in the 2nd quarter. Poehling Capital Management LLC now owns 3,797 shares of the utilities provider’s stock valued at $173,000 after purchasing an additional 1,811 shares during the period. Finally, Parallel Advisors LLC lifted its holdings in shares of Xcel Energy by 92.0% during the 2nd quarter. Parallel Advisors LLC now owns 4,170 shares of the utilities provider’s stock worth $190,000 after acquiring an additional 1,998 shares during the last quarter. Institutional investors own 73.96% of the company’s stock.

Shares of XEL stock traded down $0.11 during trading on Tuesday, hitting $47.53. The company had a trading volume of 2,286,180 shares, compared to its average volume of 3,386,334. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy has a one year low of $41.51 and a one year high of $52.22.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, July 26th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.47 by $0.05. The business had revenue of $2.66 billion during the quarter, compared to analysts’ expectations of $2.71 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The firm’s revenue for the quarter was up .5% compared to the same quarter last year. During the same period in the previous year, the company posted $0.45 earnings per share. equities research analysts expect that Xcel Energy will post 2.44 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Friday, July 20th. Stockholders of record on Friday, June 15th were issued a dividend of $0.38 per share. The ex-dividend date was Thursday, June 14th. This represents a $1.52 annualized dividend and a dividend yield of 3.20%.

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.

Further Reading: Price to Earnings Ratio (PE)

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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