News stories about Xcel Energy (NYSE:XEL) have been trending somewhat positive on Sunday, Accern Sentiment Analysis reports. Accern identifies positive and negative media coverage by monitoring more than twenty million news and blog sources in real time. Accern ranks coverage of companies on a scale of negative one to positive one, with scores closest to one being the most favorable. Xcel Energy earned a media sentiment score of 0.14 on Accern’s scale. Accern also assigned press coverage about the utilities provider an impact score of 46.8396506405164 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the company’s share price in the immediate future.
Here are some of the media headlines that may have impacted Accern Sentiment Analysis’s rankings:
Get Xcel Energy alerts: Xcel Energy: Be prepared, stay safe, when severe weather strikes (everythinglubbock.com) Endesa (ELEZF) and Xcel Energy (XEL) Head-To-Head Comparison (americanbankingnews.com) Xcel Energy Inc (XEL) Receives Average Rating of “Buy” from Brokerages (americanbankingnews.com) Xcel Energy (XEL) Shares Enter Oversold Territory (nasdaq.com)Shares of XEL stock traded up $0.35 on Friday, hitting $45.19. The stock had a trading volume of 2,477,944 shares, compared to its average volume of 3,484,859. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy has a 12-month low of $41.51 and a 12-month high of $52.22.
Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, April 26th. The utilities provider reported $0.57 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.51 by $0.06. The company had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.98 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.47 earnings per share. sell-side analysts forecast that Xcel Energy will post 2.44 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, July 20th. Investors of record on Friday, June 15th will be given a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, June 14th. This represents a $1.52 annualized dividend and a yield of 3.36%.
Several research firms have weighed in on XEL. Zacks Investment Research downgraded shares of Xcel Energy from a “buy” rating to a “hold” rating in a report on Tuesday, May 22nd. UBS began coverage on shares of Xcel Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $47.00 price objective on the stock. SunTrust Banks set a $43.00 price objective on shares of Xcel Energy and gave the stock a “hold” rating in a report on Monday, February 5th. Mizuho upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 target price for the company in a report on Tuesday, March 27th. Finally, Bank of America lowered their target price on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, February 8th. Five research analysts have rated the stock with a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $48.00.
In related news, Chairman Benjamin G. S. Fowke III sold 80,000 shares of the stock in a transaction dated Monday, April 30th. The shares were sold at an average price of $47.01, for a total transaction of $3,760,800.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.22% of the stock is currently owned by corporate insiders.
Xcel Energy Company Profile
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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