The stock of Xcel Energy Inc (NYSE:XEL) is a huge mover today! About 660,982 shares traded hands. Xcel Energy Inc (NYSE:XEL) has declined 0.72% since April 22, 2016 and is downtrending. It has underperformed by 6.13% the S&P500.
The move comes after 7 months positive chart setup for the $19.82 billion company. It was reported on Nov, 25 by Barchart.com. We have $40.73 PT which if reached, will make NYSE:XEL worth $594.60 million more.
Analysts await Xcel Energy Inc (NYSE:XEL) to report earnings on January, 26. They expect $0.45 earnings per share, up 9.76% or $0.04 from last year’s $0.41 per share. XEL’s profit will be $225.57 million for 21.97 P/E if the $0.45 EPS becomes a reality. After $0.90 actual earnings per share reported by Xcel Energy Inc for the previous quarter, Wall Street now forecasts -50.00% negative 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. SunTrust maintained the stock with “Neutral” rating in Monday, March 7 report. JP Morgan upgraded Xcel Energy Inc (NYSE:XEL) on Thursday, June 16 to “Overweight” rating. The stock has “Hold” rating given by Jefferies on Friday, October 16. The firm has “Neutral” rating by Macquarie Research given on Friday, January 29. Zacks downgraded Xcel Energy Inc (NYSE:XEL) on Thursday, September 3 to “Sell” rating. The company was downgraded on Wednesday, March 2 by Robert W. Baird. SunTrust maintained Xcel Energy Inc (NYSE:XEL) on Monday, October 19 with “Neutral” rating. SunTrust maintained the stock with “Neutral” rating in Monday, September 26 report. The company was maintained on Wednesday, October 21 by Jefferies. The firm has “Overweight” rating by Barclays Capital given on Friday, March 18.
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 decreased to 1 in Q2 2016. Its down 0.31, from 1.31 in 2016Q1. The ratio dropped, 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.
Wellington Mngmt Group Inc Limited Liability Partnership holds 0.19% of its portfolio in Xcel Energy Inc (NYSE:XEL) for 16.15M shares. Deere owns 22,855 shares or 0.06% of their US portfolio. Mirae Asset Invs holds 0.01% of its portfolio in Xcel Energy Inc (NYSE:XEL) for 12,829 shares. Aperio Ltd Com last reported 246,417 shares in the company. Gideon last reported 25,942 shares in the company. British Columbia Investment Mngmt has invested 0.15% of its portfolio in Xcel Energy Inc (NYSE:XEL). Amalgamated Bankshares, a New York-based fund reported 23,826 shares. Lenox Wealth Advisors Incorporated has invested 0.01% of its portfolio in Xcel Energy Inc (NYSE:XEL). Davenport And Ltd Limited Liability Company last reported 0% of its portfolio in the stock. Advantus Cap Incorporated accumulated 49,307 shares or 0.06% of the stock. Stillwater Investment Mngmt Limited Co owns 19,764 shares or 0.5% of their US portfolio. Aberdeen Asset Public Ltd Company Uk last reported 0.02% of its portfolio in the stock. First Republic Mngmt last reported 0% of its portfolio in the stock. Moreover, Meeder Asset Inc has 0.07% invested in Xcel Energy Inc (NYSE:XEL) for 16,755 shares. Arizona State Retirement Systems accumulated 0.19% or 302,079 shares.
Insider Transactions: Since August 26, 2016, the stock had 0 insider purchases, and 2 insider sales for $901,486 net activity. $495,792 worth of shares were sold by McDaniel Marvin E. Jr. on Friday, August 26. On Thursday, November 3 Eves David L sold $405,694 worth of the stock or 10,000 shares.
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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