What’s Xcel Energy Inc Upside After Today’s Bearish Options Activity?

 What's Xcel Energy Inc Upside After Today's Bearish Options Activity?

In today’s session Xcel Energy Inc (XEL) recorded an unusually high (527) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the March, 2017 put, expecting serious XEL decrease. With 527 contracts traded and 534 open interest for the Mar, 17 contract, it seems this is a quite bearish bet. The option with symbol: XEL170317P00040000 closed last at: $2.95 or 7.3% up. About 186,001 shares traded hands. Xcel Energy Inc (NYSE:XEL) has declined 0.98% since April 20, 2016 and is downtrending. It has underperformed by 5.54% the S&P500.

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. Barclays Capital maintained Xcel Energy Inc (NYSE:XEL) on Friday, March 18 with “Overweight” rating. The rating was downgraded by Jefferies to “Hold” on Friday, October 16. UBS upgraded it to “Neutral” rating and $40 target price in Monday, September 19 report. The firm has “Hold” rating given on Wednesday, October 21 by Jefferies. Zacks downgraded the stock to “Sell” rating in Thursday, September 3 report. JP Morgan upgraded it to “Overweight” rating and $47 target price in Thursday, June 16 report. The rating was downgraded by Robert W. Baird on Wednesday, March 2 to “Neutral”. As per Friday, January 29, the company rating was downgraded by Macquarie Research. The firm has “Neutral” rating by SunTrust given on Monday, September 26. The firm has “Neutral” rating given on Monday, March 7 by SunTrust.

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 2016 Q2. Its down 0.31, from 1.31 in 2016Q1. The ratio turned negative, 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.
Exxonmobil Invest Mngmt Tx holds 0.12% or 131,484 shares in its portfolio. Conning holds 0.02% of its portfolio in Xcel Energy Inc (NYSE:XEL) for 12,557 shares. Bb&T Corporation has invested 0.12% of its portfolio in Xcel Energy Inc (NYSE:XEL). The New York-based Tiaa Cref Mngmt Ltd Company has invested 0.18% in Xcel Energy Inc (NYSE:XEL). Amalgamated Bank & Trust holds 0.06% of its portfolio in Xcel Energy Inc (NYSE:XEL) for 23,826 shares. Axa owns 627,200 shares or 0.13% of their US portfolio. Ny State Teachers Retirement holds 0.1% of its portfolio in Xcel Energy Inc (NYSE:XEL) for 879,944 shares. Mitsubishi Ufj Bk last reported 1.17M shares in the company. The Ontario – Canada-based Toronto Dominion State Bank has invested 0% in Xcel Energy Inc (NYSE:XEL). Moreover, Allianz Asset Mngmt Ag has 0.02% invested in Xcel Energy Inc (NYSE:XEL) for 833,192 shares. Janney Montgomery Scott Ltd, a Pennsylvania-based fund reported 17,641 shares. Morgan Stanley has 941,325 shares for 0.02% of their US portfolio. Cornerstone Mgmt Holding Limited Liability Corp last reported 227,723 shares in the company. The New York-based Williams Jones Assoc Lc has invested 0.01% in Xcel Energy Inc (NYSE:XEL). Lenox Wealth Advsrs Incorporated accumulated 451 shares or 0.01% of the stock.

Insider Transactions: Since August 26, 2016, the stock had 0 insider buys, and 2 insider sales for $901,486 net activity. Another trade for 11,900 shares valued at $495,792 was sold by McDaniel Marvin E. Jr.. Another trade for 10,000 shares valued at $405,694 was made by Eves David L on Thursday, November 3.

Xcel Energy Inc. is a public utility holding company. The company has a market cap of $19.96 billion. The Company’s activities include activity of four utility subsidiaries that serve electric and natural gas customers. It has a 18.1 P/E ratio. The Company’s divisions are regulated electric utility, regulated natural gas utility and all other.

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.

Another recent and important Xcel Energy Inc (NYSE:XEL) news was published by Finance.Yahoo.com which published an article titled: “Xcel Energy Announces Redemption of Outstanding 5.613% Senior Notes, Series B …” on November 10, 2016.

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