2 weeks Ago By ABMN Staff
Xcel Energy ( NASDAQ:XEL – Free Report ) had its target price upped by KeyCorp from $66.00 to $69.00 in a research note issued to investors on Monday morning, Benzinga reports.
KeyCorp currently has an overweight rating on the stock. Several other research firms have also recently issued reports on XEL. Jefferies Financial Group initiated coverage on shares of Xcel Energy in a research note on Thursday, September 19th.
They set a hold rating and a $70.00 target price on the stock. UBS Group increased their target price on Xcel Energy from $66.
00 to $67.00 and gave the company a neutral rating in a research report on Friday, September 20th. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $57.
00 to $63.00 and gave the company an equal weight rating in a research note on Friday, August 2nd. Argus raised shares of Xcel Energy from a hold rating to a buy rating and set a $68.
00 price objective for the company in a research note on Monday, August 26th. Finally, Morgan Stanley upped their price objective on shares of Xcel Energy from $68.00 to $73.
00 and gave the company an equal weight rating in a report on Wednesday, September 25th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of Hold and a consensus price target of $64.
36. Read Our Latest Research Report on XEL Xcel Energy Trading Up 1.1 % Xcel Energy ( NASDAQ:XEL – Get Free Report ) last issued its quarterly earnings data on Thursday, August 1st.
The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.
03). The company had revenue of $3.03 billion for the quarter, compared to analysts’ expectations of $3.
29 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.
94%. The firm’s revenue for the quarter was up .2% compared to the same quarter last year.
During the same period in the previous year, the firm posted $0.52 earnings per share. Analysts expect that Xcel Energy will post 3.
55 earnings per share for the current fiscal year. Xcel Energy Increases Dividend The firm also recently disclosed a quarterly dividend, which will be paid on Sunday, October 20th. Investors of record on Friday, September 13th will be given a dividend of $0.
548 per share. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.
36%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55.
The ex-dividend date of this dividend is Friday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is presently 65.77%.
Hedge Funds Weigh In On Xcel Energy Hedge funds and other institutional investors have recently bought and sold shares of the company. Price T Rowe Associates Inc. MD increased its position in Xcel Energy by 770.
0% during the first quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock worth $405,955,000 after buying an additional 6,684,499 shares during the period.
Mitsubishi UFJ Trust & Banking Corp increased its stake in Xcel Energy by 1.8% during the first quarter. Mitsubishi UFJ Trust & Banking Corp now owns 4,186,101 shares of the company’s stock worth $223,264,000 after acquiring an additional 74,690 shares during the last quarter.
Federated Hermes Inc. increased its stake in Xcel Energy by 120.2% during the second quarter.
Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after acquiring an additional 1,299,025 shares during the last quarter. American Century Companies Inc.
boosted its position in shares of Xcel Energy by 130.4% in the second quarter. American Century Companies Inc.
now owns 2,084,345 shares of the company’s stock worth $111,325,000 after buying an additional 1,179,823 shares during the period. Finally, Dimensional Fund Advisors LP boosted its holdings in Xcel Energy by 10.4% in the second quarter.
Dimensional Fund Advisors LP now owns 1,854,333 shares of the company’s stock valued at $99,046,000 after purchasing an additional 174,653 shares during the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.
Xcel Energy Company Profile ( Get Free Report ) Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.
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