The Jefferies Group Comments on Xcel Energy Inc's Q1 2017 Earnings (XEL)

Thursday, 23 Nov, 2017

Duncker Streett stated it has 0.02% of its portfolio in Xcel Energy Inc (NYSE:XEL). (NYSE:XEL) by 57.6% in the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. Jefferies Group analyst A. Crowdell expects that the utilities provider will earn $0.50 per share for the quarter. The California-based Kcm Invest Ltd Liability Corp has invested 0.02% in Xcel Energy Inc (NYSE:XEL).

The following firms have recently changed their position in XEL. Financial Architects Inc increased its stake in shares of Xcel Energy by 3.1% in the second quarter. Sharkey Howes & Javer now owns 3,010 shares of the utilities provider's stock valued at $138,000 after purchasing an additional 16 shares during the period. JPMorgan Chase & Co. raised its holdings in Xcel Energy by 12.6% in the 2nd quarter. DnB Asset Management AS now owns 72,600 shares of the utilities provider's stock worth $2,987,000 after buying an additional 1,100 shares in the last quarter. AQR Capital Management LLC now owns 2,190,835 shares valued at $103,670,000. Carroll Financial Associates Inc. boosted its position in Xcel Energy by 14.5% in the 2nd quarter. Finally, DnB Asset Management AS raised its stake in shares of Xcel Energy by 1.5% in the third quarter. (NYSE:XEL) is a good way of gaining insight into the stock's performance. If you are viewing this story on another site, it was illegally stolen and republished in violation of worldwide copyright & trademark laws. The original version of this story can be read at https://www.dispatchtribunal.com/2017/11/21/xcel-energy-inc-xel-shares-sold-by-forsta-ap-fonden.html.

Several equities analysts have commented on XEL shares. Macquarie Research downgraded Xcel Energy Inc (NYSE:XEL) on Friday, January 29 to "Neutral" rating. Jefferies downgraded the stock to "Hold" rating in Friday, October 16 report. SunTrust Banks, Inc. reissued a "hold" rating and set a $47.00 price target on shares of Xcel Energy in a report on Tuesday, October 24th. Finally, Mizuho assumed coverage on Xcel Energy in a research report on Wednesday, April 19th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. The stock presently has an average rating of "Hold" and an average target price of $48.91. Also, insider Mark E. Stoering sold 20,187 shares of the stock in a transaction on Monday, November 6th. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $49,530. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. The shares were sold at an average price of $49.66, for a total transaction of $1,002,486.42.

For the most active stocks in the market, it is highly important to check the outstanding shares of the company. The disclosure for this purchase can be found here.

Looking forward, the company's quarterly earnings are expected to come at $0.44 in the three months through December 2017 and $0.51 in the quarter ending March 2018, reflecting -2.22% and 8.51% growth, respectively. This means that, on average, Xcel Energy has been able to steadily raise its bottom line over the past few years as well. (NYSE:XEL) traded up 0.04% in the last session while performance was up 50.61% in the last five days. The stock had a trading volume of 3,586,242 shares. The stock has a market capitalization of $25,660.00, a price-to-earnings ratio of 21.62, a price-to-earnings-growth ratio of 4.01 and a beta of 0.21. Xcel Energy's payout ratio is now 61.54%. It increased, as 32 investors sold Xcel Energy Inc shares while 170 reduced holdings.

Arconic Inc. most recently reported earnings per share (EPS) of $0.26 for the September 2017 versus $0.32 in the same quarter past year, representing -19% growth. The business had revenue of $3.02 billion for the quarter, compared to analysts' expectations of $3.27 billion.

Recent trading patterns in the stock of Xcel Energy Inc. During the same quarter in the previous year, the firm posted $0.90 EPS.

Xcel Energy Inc. (NYSE:XEL) ended its day at $50.61 with the rising stream of 0.04% and its total traded volume was 2.74 million shares less than the average volume. The Company's activities include the activity of four utility subsidiaries that serve electric and natural gas clients in eight states. The Company's segments include regulated electric utility, regulated natural gas utility and all other.