Xcel Energy Inc. (NYSE:XEL) EVP Kent T. Larson sold 10,000 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the sale, the executive vice president now directly owns 80,221 shares in the company, valued at $3,790,442.25. The transaction was disclosed in a filing with the SEC, which is accessible through this link.
Xcel Energy Inc. (NYSE XEL) traded up 0.68% during mid-day trading on Friday, reaching $49.00. The company had a trading volume of 2,236,647 shares. The stock has a 50 day moving average price of $47.15 and a 200-day moving average price of $45.41. Xcel Energy Inc. has a 12-month low of $38.00 and a 12-month high of $49.22. The stock has a market capitalization of $24.88 billion, a P/E ratio of 21.63 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same period in the prior year, the company earned $0.39 EPS. The company’s quarterly revenue was up 5.8% compared to the same quarter last year. Equities analysts anticipate that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
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Institutional investors have recently bought and sold shares of the company. BlackRock Inc. boosted its position in Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock worth $1,850,897,000 after buying an additional 40,148,954 shares during the last quarter. Vanguard Group Inc. boosted its position in Xcel Energy by 2.5% in the second quarter. Vanguard Group Inc. now owns 36,034,296 shares of the utilities provider’s stock worth $1,653,253,000 after buying an additional 871,299 shares during the last quarter. JPMorgan Chase & Co. boosted its position in Xcel Energy by 12.6% in the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock worth $1,307,902,000 after buying an additional 3,187,095 shares during the last quarter. FMR LLC boosted its position in Xcel Energy by 10.2% in the first quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock worth $789,955,000 after buying an additional 1,644,276 shares during the last quarter. Finally, Franklin Resources Inc. boosted its position in Xcel Energy by 0.6% in the second quarter. Franklin Resources Inc. now owns 13,899,928 shares of the utilities provider’s stock worth $637,728,000 after buying an additional 85,566 shares during the last quarter. Hedge funds and other institutional investors own 72.60% of the company’s stock.
XEL has been the topic of several analyst reports. Deutsche Bank AG increased their target price on Xcel Energy from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Argus increased their target price on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a report on Wednesday, June 14th. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 target price on the stock in a report on Thursday, June 22nd. Barclays PLC reissued an “equal weight” rating and set a $47.00 target price (up from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Finally, BidaskClub lowered Xcel Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Ten analysts have rated the stock with a hold rating and three have issued a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus target price of $46.67.
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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