BidaskClub Downgrades Xcel Energy Inc. (XEL) to Buy

Xcel Energy Inc. (NYSE:XEL) was downgraded by equities researchers at BidaskClub from a “strong-buy” rating to a “buy” rating in a research report issued on Saturday.

XEL has been the topic of a number of other research reports. Zacks Investment Research lowered shares of Xcel Energy from a “buy” rating to a “hold” rating in a research report on Tuesday, February 28th. Jefferies Group LLC lifted their price target on shares of Xcel Energy from $44.00 to $46.00 and gave the company a “hold” rating in a research report on Thursday, March 23rd. Mizuho started coverage on shares of Xcel Energy in a research note on Wednesday, April 19th. They issued a “neutral” rating and a $44.00 price objective on the stock. Argus raised their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Finally, Barclays PLC restated an “equal weight” rating and issued a $47.00 price objective (up previously from $44.00) on shares of Xcel Energy in a research note on Sunday, April 23rd. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus price target of $47.44.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

Xcel Energy (NYSE XEL) traded down 0.44% during midday trading on Friday, reaching $47.13. 2,201,978 shares of the company’s stock traded hands. The stock has a market capitalization of $23.93 billion, a price-to-earnings ratio of 21.38 and a beta of 0.18. The company’s 50-day moving average price is $46.57 and its 200 day moving average price is $43.51. Xcel Energy has a 52 week low of $38.00 and a 52 week high of $48.50.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.47 earnings per share for the quarter, missing the consensus estimate of $0.50 by $0.03. Xcel Energy had a net margin of 9.94% and a return on equity of 10.24%. The business had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business posted $0.47 EPS. Xcel Energy’s revenue was up 6.3% compared to the same quarter last year. On average, equities research analysts expect that Xcel Energy will post $2.20 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 20th. Investors of record on Thursday, June 15th will be issued a $0.36 dividend. The ex-dividend date of this dividend is Tuesday, June 13th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.06%. Xcel Energy’s dividend payout ratio is 65.16%.

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Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Founders Capital Management purchased a new stake in shares of Xcel Energy during the first quarter valued at $124,000. Reilly Financial Advisors LLC boosted its stake in shares of Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock valued at $129,000 after buying an additional 160 shares in the last quarter. Sharkey Howes & Javer boosted its stake in shares of Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares in the last quarter. Brookfield Asset Management Inc. purchased a new stake in shares of Xcel Energy during the first quarter valued at $163,000. Finally, North Star Investment Management Corp. boosted its stake in shares of Xcel Energy by 186.8% in the first quarter. North Star Investment Management Corp. now owns 3,685 shares of the utilities provider’s stock valued at $164,000 after buying an additional 2,400 shares in the last quarter. 72.14% of the stock is owned by institutional investors and hedge funds.

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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