Xcel Energy (XEL) Getting Somewhat Favorable News Coverage, Study Shows

News articles about Xcel Energy (NYSE:XEL) have trended somewhat positive recently, according to Accern. Accern scores the sentiment of press coverage by reviewing more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. Xcel Energy earned a coverage optimism score of 0.19 on Accern’s scale. Accern also assigned media coverage about the utilities provider an impact score of 44.4028506213458 out of 100, indicating that recent press coverage is somewhat unlikely to have an effect on the stock’s share price in the near future.

These are some of the news headlines that may have effected Accern Sentiment’s analysis:

XEL stock traded up $0.46 during midday trading on Friday, hitting $44.48. 3,263,572 shares of the stock were exchanged, compared to its average volume of 3,770,064. Xcel Energy has a fifty-two week low of $41.51 and a fifty-two week high of $52.22. 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 issued its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business’s revenue for the quarter was up .0% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.45 earnings per share. equities analysts forecast that Xcel Energy will post 2.44 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, March 15th will be issued a dividend of $0.38 per share. The ex-dividend date of this dividend is Wednesday, March 14th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a yield of 3.42%.

A number of analysts recently weighed in on the company. Mizuho upgraded Xcel Energy from a “neutral” rating to a “buy” rating and set a $44.00 price target on the stock in a research note on Tuesday, March 27th. UBS assumed coverage on Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 price target on the stock. SunTrust Banks set a $43.00 price target on Xcel Energy and gave the company a “hold” rating in a research note on Monday, February 5th. JPMorgan Chase lifted their price target on Xcel Energy from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, March 28th. Finally, Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research note on Friday, March 9th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Hold” and a consensus price target of $47.42.

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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.

Insider Buying and Selling by Quarter for Xcel Energy (NYSE:XEL)

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