The stock of Xcel Energy Inc (NYSE:XEL) is a huge mover today! The stock decreased 1.58% or $0.66 on September 30, hitting $41.14. About 4.04M shares traded hands or 32.89% up from the average. Xcel Energy Inc (NYSE:XEL) has risen 4.05% since February 29, 2016 and is uptrending. It has underperformed by 6.38% the S&P500.
The move comes after 8 months negative chart setup for the $20.68B company. It was reported on Oct, 1 by Barchart.com. We have $38.67 PT which if reached, will make NYSE:XEL worth $1.24B less.
Analysts await Xcel Energy Inc (NYSE:XEL) to report earnings on November, 3. They expect $0.88 EPS, up 4.76% or $0.04 from last year’s $0.84 per share. XEL’s profit will be $442.35 million for 11.69 P/E if the $0.88 EPS becomes a reality. After $0.39 actual EPS reported by Xcel Energy Inc for the previous quarter, Wall Street now forecasts 125.64% EPS growth.
Xcel Energy Inc (NYSE:XEL) Ratings Coverage
Out of 9 analysts covering Xcel Energy Inc. (NYSE:XEL), 2 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 22% are positive. Xcel Energy Inc. has been the topic of 20 analyst reports since July 29, 2015 according to StockzIntelligence Inc. UBS upgraded it to “Neutral” rating and $40 target price in Monday, September 19 report. The firm has “Overweight” rating by JP Morgan given on Thursday, June 16. The company was downgraded on Thursday, September 3 by Zacks. The rating was maintained by Jefferies with “Hold” on Wednesday, October 21. On Monday, March 7 the stock rating was maintained by SunTrust with “Neutral”. The firm has “Neutral” rating given on Monday, October 19 by SunTrust. The rating was downgraded by Jefferies to “Hold” on Friday, October 16. The company was downgraded on Wednesday, March 2 by Robert W. Baird. The rating was maintained by SunTrust on Monday, September 26 with “Neutral”. Macquarie Research downgraded the shares of XEL in a report on Friday, January 29 to “Neutral” rating.
According to Zacks Investment Research, “Xcel Energy Inc. is predominantly an operating public utility engaged in the generation, transmission and distribution of electricity and the transportation, storage and distribution of natural gas.”
Insitutional Activity: The institutional sentiment increased to 1.31 in 2016 Q2. Its up 0.05, from 1.26 in 2016Q1. The ratio is positive, as 29 funds sold all Xcel Energy Inc shares owned while 174 reduced positions. 61 funds bought stakes while 205 increased positions. They now own 353.37 million shares or 3.28% less from 365.36 million shares in 2016Q1.
Moreover, Old Mutual Customised Solutions (Proprietary) Limited has 0.19% invested in Xcel Energy Inc (NYSE:XEL) for 16,500 shares. American Retail Bank holds 0.01% of its portfolio in Xcel Energy Inc (NYSE:XEL) for 579 shares. Bokf Na last reported 0.03% of its portfolio in the stock. Aberdeen Asset Mgmt Public Ltd Uk accumulated 139,837 shares or 0.02% of the stock. Moreover, Tradewinds Mgmt Lc has 0.06% invested in Xcel Energy Inc (NYSE:XEL) for 1,711 shares. Toronto Dominion Retail Bank has invested 0% of its portfolio in Xcel Energy Inc (NYSE:XEL). Blackrock Institutional Trust Na has 0.1% invested in the company for 14.19 million shares. Endurance Wealth Mngmt Inc last reported 1,500 shares in the company. Moreover, Hbk Sorce Advisory Ltd Liability Com has 0.06% invested in Xcel Energy Inc (NYSE:XEL) for 6,631 shares. The North Carolina-based Carroll Fincl Incorporated has invested 0.02% in Xcel Energy Inc (NYSE:XEL). Norinchukin Bank & Trust The last reported 26,643 shares in the company. Checchi Advisers Limited Co accumulated 6,090 shares or 0.03% of the stock. Huff W R Asset Mngmt Communication Ltd Company De last reported 54,500 shares in the company. Smithfield has invested 0.01% of its portfolio in Xcel Energy Inc (NYSE:XEL). Cullen Frost Bankers accumulated 5,920 shares or 0.01% of the stock.
Insider Transactions: Since August 26, 2016, the stock had 0 buys, and 1 sale for $495,792 net activity. McDaniel Marvin E. Jr. had sold 11,900 shares worth $495,792.
Another recent and important Xcel Energy Inc (NYSE:XEL) news was published by Bizjournals.com which published an article titled: “Colorado’s biggest wind farm gets green light” on September 30, 2016.
XEL Company Profile
Xcel Energy Inc., incorporated on June 17, 1909, is a public utility holding company. The Company’s activities include the activity of four utility subsidiaries that serve electric and natural gas clients in over eight states. The Company’s divisions 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 clients in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Along with WYCO Development LLC (WYCO), a joint venture formed with Colorado Interstate Gas Company, LLC (CIG) to develop and lease natural gas pipelines storage and compression facilities, and WestGas InterState, Inc. (WGI), an interstate natural gas pipeline company, these companies comprise the regulated utility operations.
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