The twelve brokerages that provide coverage for Xcel Energy Inc. (NASDAQ: XEL), according to the data provided by Bloomberg Ratings, have assigned the company a rating of “Moderate Buy” as the firm’s overall average recommendation. Seven research analysts have assigned a buy rating to the company, while only three have assigned a hold rating to the stock. According to research conducted by brokers who reported on the stock in the previous year, it is anticipated that the company will reach an average target price of $70.64 the following year.
Several research analysts have written reports on the XEL stock, and those reports have been published.
Credit Suisse Group downgraded Xcel Energy from “outperform” to “neutral” and lowered its price objective to $68.0. The company also lowered its price target. A research note was made available to the general public on November 21, which was a Monday. The first day that StockNews.com covered Xcel Energy shares was October 12, the day the company’s initial report was published. They recommended that shareholders “hold” their shares of the company. The price objective that JPMorgan Chase & Co. has placed on Xcel Energy shares dropped from $80.00 to $72.00, and the firm now considers the company “overweight.” An article released on Tuesday, October 18, contained the report in which the announcement was made. In a research note distributed on Wednesday, October 19, Mizuho lowered its “buy” rating and target price on shares of Xcel Energy from $72.00 to $65.00. The research note was about Xcel Energy. In a research note published on Wednesday, October 5, BMO Capital Markets announced that the price objective and “outperform” rating that they had previously held on shares of Xcel Energy had been reduced to $71.00 from the previous price of $80.00.
On November 16, Senior Vice President and General Counsel Frank P. Prager sold 1,138 shares of company stock. This is just one of the many recent developments. It was determined that the stock could be sold for an average of $68.48 per share, which resulted in total revenue of 77,930.24 dollars. Following the completion of the sale, the senior vice president will continue to hold a total of 28,036 shares in the company. According to current market conditions, these shares have an estimated value of approximately $1,919,905.28. The Securities and Exchange Commission was given legal documents about the transaction, which were subsequently uploaded to the SEC website after being provided to the SEC. Corporate insiders hold only 0.05% of the total number of shares in the company.
As a result of recent happenings, several large investors have altered the proportion of the company’s stock they currently hold in their portfolios. Great Valley Advisor Group Inc. increased the proportion of Xcel Energy stock that it directly owned by 5.3% during the second quarter of the fiscal year. As a result of the purchase of 695 additional shares over the most recent three months, Great Valley Advisor Group Inc. now directly owns 13,706 shares in the company. These shares have a value of $970,000 and give the company market capitalization. The Trust Company of Vermont invested in Xcel Energy with a total value of $88,000 during the year’s second quarter. Prospera Financial Services, Inc. increased the amount of Xcel Energy stock owned by 20.0% over the second quarter of the fiscal year. During the month, Prospera Financial Services Inc. purchased an additional 1,888 shares of the company’s stock, bringing the total number of shares it owns to 11,309, with an estimated market value of $800,000. During the second quarter of the current fiscal year, Calamos Advisors LLC increased the percentage of Xcel Energy stock owned by 2.7%. Calamos Advisors LLC now has a total of 230,219 shares of the company’s stock, valued at a total of $16,290,000, following the purchase of an additional 6,094 shares of the company’s stock during the period in question. During the second quarter, Kinneret Advisory LLC increased its holdings in the company by purchasing an additional 2.2% of Xcel Energy shares. Kinneret Advisory LLC now directly owns 30,974 shares of the company’s stock, which have a combined value of $2,207,00 after purchasing an additional 656 shares of the company’s stock throughout the quarter. Currently, 77.15 percent of the company’s shares are owned by hedge funds and other institutional investors.
When trading started on Wednesday, the price of one share of Xcel Energy was $71.09 per share. The price of the stock has a simple moving average of $69.24 over the past 200 days, and the price of the stock has a simple moving average of $69.87 over the past 50 days. The company’s market capitalization is currently sitting at $38.90 billion. Its price-to-earnings ratio is 23.23, its price-to-earnings-to-growth ratio is 3.27, and its beta value is 0.40. During the previous year, the price of Xcel Energy fluctuated between $56.89 and $77.66, reaching a low of $56.89 and a high of $77.66, respectively. The debt-to-equity ratio is 1.42, the current ratio is 1.04, and the quick ratio is 0.86. All three of these figures are presented in the table below.
The most recent earnings report for Xcel Energy, publicly traded and whose stock is represented on the NASDAQ by the symbol XEL, was released on October 27. The company announced earnings per share for the quarter that came in at $1.18, which fell short of the $1.20 analysts in the relevant industry had anticipated the company would report. The return on equity for Xcel Energy came in at 10.50%, and the net margin for the company was 11.44%. However, the actual revenue the company brought in for the quarter was $4.08 billion, which was significantly higher than the $3.60 billion analysts anticipated it would bring in for the quarter. Stock market analysts anticipate that Xcel Energy will generate $3.16 per share earnings during the current fiscal year. This is based on their projections of the company’s performance.
The company has also announced that it will be conducting a quarterly distribution of dividend payments, which will take place on the 20th of this month. A dividend payment of $0.4875 per share will be made to the shareholders recorded as having ownership on December 29. This translates to a dividend yield of 2.74% and a dividend payment to the shareholder of $1.95 per year. This dividend will be considered “ex-dividend” as of December 28, a Wednesday. This date falls in the middle of the month. Xcel Energy has a payout percentage of 63.73 percent as of right now.