SunTrust Banks Reaffirms "Hold" Rating for Xcel Energy (XEL)

Cornelia Mascio
Dicembre 8, 2017

(NYSE:XEL) by 4.4% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. Strs Ohio now owns 74,000 shares of the utilities provider's stock valued at $3,395,000 after purchasing an additional 11,680 shares in the last quarter. Legal & General Group Plc owned approximately 0.87% of Xcel Energy worth $209,847,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 73.41% of the company's stock. Ameriprise Financial Inc. grew its position in shares of Xcel Energy by 72.2% in the second quarter. Nbt State Bank N A Ny holds 0.03% of its portfolio in Xcel Energy Inc. Xcel Energy Inc. (NYSE:XEL) has risen 13.18% since December 7, 2016 and is uptrending. Forsta AP Fonden now owns 197,963 shares of the utilities provider's stock valued at $9,083,000 after purchasing an additional 13,600 shares in the last quarter. That's a potential -3.68 decrease relative to where Xcel Energy Inc. Financial Architects Inc now owns 3,869 shares of the utilities provider's stock valued at $177,000 after purchasing an additional 116 shares in the last quarter. Cubist Systematic Strategies has invested 0.08% of its portfolio in Xcel Energy Inc. $42.03's average target is -17.05% below currents $50.67 stock price. Following the transaction, the director now owns 3,700 shares in the company, valued at approximately $183,076. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the company's stock in a transaction that occurred on Monday, November 6th. The average 1-year price target for (DTE) reveals an average price target of $110.5 per share. Following the transaction, the insider now owns 48,424 shares in the company, valued at approximately $2,404,735.84. The disclosure for this sale can be found here.

Quick glance of financial statement shows that the company's might not meet all of its liabilities that are within 12 months, additionally company's near term equivalents, and accounts receivables stand at 0.9. Xcel Energy Inc. has a 1-year low of $38.79 and a 1-year high of $52.22. (NYSE:XEL) traded up $0.29 during trading hours on Wednesday, reaching $51.09. 2,071,013 shares of the company traded hands, compared to its average volume of 2,593,013. Xcel Energy Inc. The firm has a market cap of $25,794.36, a P/E ratio of 21.71, a PEG ratio of 4.03 and a beta of 0.21. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 26th. Whittier Tru Of Nevada owns 0.01% invested in Xcel Energy Inc. The firm had revenue of $3.02 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the business posted $0.90 EPS.

Several research analysts have commented on XEL shares. ValuEngine upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating in a research note on Thursday, November 9th. Jefferies maintained the shares of XEL in report on Wednesday, October 21 with "Hold" rating. The stock has an average rating of "Hold" and an average price target of $49.00. Morgan Stanley raised their price objective on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an "equal weight" rating in a research note on Friday, September 8th. Finally, Zacks Investment Research downgraded shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, September 26th.

COPYRIGHT VIOLATION WARNING: "SunTrust Banks Reaffirms "Hold" Rating for Xcel Energy (XEL)" was originally posted by Week Herald and is the sole property of of Week Herald. Nine equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of "Hold" and a consensus target price of $49.00. If you are accessing this piece on another site, it was illegally stolen and republished in violation of USA & global copyright and trademark law. The original version of this piece can be accessed at https://www.dispatchtribunal.com/2017/12/07/zurcher-kantonalbank-zurich-cantonalbank-sells-4768-shares-of-xcel-energy-inc-xel.html. The other 4, though not evenly; between analysts who think you should buy Xcel Energy Inc. versus those who think you should sell it. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other divisions. 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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