The stock of Xcel Energy Inc (NYSE:XEL) is a huge mover today! About 1.47 million shares traded hands. Xcel Energy Inc (NYSE:XEL) has declined 5.20% since April 11, 2016 and is downtrending. It has underperformed by 11.34% the S&P500.
The move comes after 5 months positive chart setup for the $19.48 billion company. It was reported on Nov, 11 by Barchart.com. We have $58.86 PT which if reached, will make NYSE:XEL worth $9.74B more.
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. The firm has “Neutral” rating by UBS given on Monday, September 19. On Monday, September 26 the stock rating was maintained by SunTrust with “Neutral”. The stock has “Neutral” rating given by SunTrust on Monday, October 19. The stock of Xcel Energy Inc (NYSE:XEL) has “Hold” rating given on Wednesday, October 21 by Jefferies. The firm has “Neutral” rating by Robert W. Baird given on Wednesday, March 2. Barclays Capital maintained Xcel Energy Inc (NYSE:XEL) rating on Friday, March 18. Barclays Capital has “Overweight” rating and $43 price target. Zacks downgraded the shares of XEL in a report on Thursday, September 3 to “Sell” rating. As per Friday, October 16, the company rating was downgraded by Jefferies. The firm earned “Neutral” rating on Friday, January 29 by Macquarie Research. SunTrust maintained it with “Neutral” rating and $39 target price in Monday, March 7 report.
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.
Sumitomo Life holds 0.2% of its portfolio in Xcel Energy Inc (NYSE:XEL) for 33,176 shares. Cetera Ltd Com, a Colorado-based fund reported 16,873 shares. Blackrock Fund Advisors last reported 16.12 million shares in the company. Macquarie Gru Limited accumulated 0.02% or 182,773 shares. Cantab Capital Prtn Ltd Liability Partnership last reported 0% of its portfolio in the stock. Prudential Public Limited Company reported 13,000 shares or 0% of all its holdings. Whittier Tru Co reported 18,031 shares or 0.04% of all its holdings. First Interstate Bancshares accumulated 0% or 47 shares. Intl Grp reported 209,850 shares or 0% of all its holdings. Cap Guardian Trust reported 8,464 shares or 0% of all its holdings. Lombard Odier Asset (Europe) Limited owns 7,340 shares or 0.02% of their US portfolio. Ghp Investment Advsr Inc holds 5,062 shares or 0.05% of its portfolio. Deere And last reported 0.06% of its portfolio in the stock. Moreover, Accredited Invsts has 0.09% invested in Xcel Energy Inc (NYSE:XEL) for 7,304 shares. Shell Asset Management holds 0.3% of its portfolio in Xcel Energy Inc (NYSE:XEL) for 288,068 shares.
Insider Transactions: Since August 26, 2016, the stock had 0 insider buys, and 2 sales for $901,486 net activity. Eves David L also sold $405,694 worth of Xcel Energy Inc (NYSE:XEL) shares. 11,900 shares were sold by McDaniel Marvin E. Jr., worth $495,792.
Another recent and important Xcel Energy Inc (NYSE:XEL) news was published by Businesswire.com which published an article titled: “Xcel Energy Announces Redemption of Outstanding 5.613% Senior Notes, Series B …” on November 10, 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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