Xcel Energy Inc (NYSE:XEL) has been assigned a consensus rating of “Hold” from the eleven research firms that are presently covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $50.33.
A number of brokerages have issued reports on XEL. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $58.00 target price on the stock in a research report on Wednesday. Barclays set a $54.00 target price on Xcel Energy and gave the company a “buy” rating in a research report on Monday. Argus upped their target price on Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a research report on Wednesday, October 31st. Mizuho lowered Xcel Energy from a “buy” rating to a “neutral” rating and cut their target price for the company from $48.50 to $47.00 in a research report on Friday, November 2nd. Finally, Morgan Stanley lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $52.00 to $50.00 in a research report on Friday, September 21st.
Shares of XEL traded down $1.06 during trading on Thursday, reaching $50.75. The company’s stock had a trading volume of 4,016,698 shares, compared to its average volume of 3,576,263. Xcel Energy has a twelve month low of $41.51 and a twelve month high of $52.46.
In related news, SVP Judy M. Poferl sold 7,182 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $48.67, for a total transaction of $349,547.94. Following the sale, the senior vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Lynn Casey purchased 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The shares were purchased at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the completion of the transaction, the director now owns 3,131 shares in the company, valued at approximately $153,074.59. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
Several hedge funds have recently bought and sold shares of XEL. Ancora Advisors LLC bought a new position in Xcel Energy during the 3rd quarter worth $115,000. Cerebellum GP LLC lifted its stake in Xcel Energy by 117.8% in the 3rd quarter. Cerebellum GP LLC now owns 2,629 shares of the utilities provider’s stock worth $124,000 after acquiring an additional 1,422 shares in the last quarter. Psagot Investment House Ltd. purchased a new stake in Xcel Energy in the 3rd quarter worth about $125,000. TRUE Private Wealth Advisors purchased a new stake in Xcel Energy in the 3rd quarter worth about $127,000. Finally, Peoples Financial Services CORP. purchased a new stake in Xcel Energy in the 3rd quarter worth about $160,000. 73.96% of the stock is currently 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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