Xcel Energy (NYSE:XEL) has been given a $43.00 target price by equities researchers at SunTrust Banks in a research report issued on Monday. The firm currently has a “hold” rating on the utilities provider’s stock. SunTrust Banks’ price target points to a potential downside of 2.54% from the company’s current price.
A number of other equities research analysts have also recently weighed in on the company. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Friday, March 9th. Morgan Stanley raised Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 price target for the company in a report on Tuesday, February 13th. Bank of America dropped their price target on Xcel Energy from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, February 8th. UBS started coverage on Xcel Energy in a research report on Friday, February 2nd. They issued a “neutral” rating and a $47.00 price objective on the stock. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 price objective on shares of Xcel Energy in a research report on Thursday, February 1st. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has a consensus rating of “Hold” and an average price target of $48.00.
Xcel Energy stock traded down $0.05 during mid-day trading on Monday, reaching $44.12. The company had a trading volume of 839,432 shares, compared to its average volume of 3,715,249. Xcel Energy has a 12-month low of $41.51 and a 12-month high of $52.22. The firm has a market cap of $22,160.00, a PE ratio of 19.20, a price-to-earnings-growth ratio of 3.18 and a beta of 0.18. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68.
Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing the Zacks’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The business had revenue of $2.80 billion for the quarter, compared to analyst estimates of $2.84 billion. During the same period in the prior year, the business earned $0.45 earnings per share. The company’s revenue for the quarter was up .0% on a year-over-year basis. equities research analysts forecast that Xcel Energy will post 2.44 earnings per share for the current year.
A number of institutional investors and hedge funds have recently made changes to their positions in the business. BlackRock Inc. boosted its position in shares of Xcel Energy by 0.4% in the 4th quarter. BlackRock Inc. now owns 42,686,068 shares of the utilities provider’s stock worth $2,053,627,000 after purchasing an additional 190,067 shares during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Xcel Energy by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock worth $1,436,147,000 after purchasing an additional 1,810,629 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Xcel Energy by 12.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,547,453 shares of the utilities provider’s stock worth $309,800,000 after purchasing an additional 710,989 shares during the last quarter. Geode Capital Management LLC boosted its position in shares of Xcel Energy by 7.5% in the 4th quarter. Geode Capital Management LLC now owns 5,880,242 shares of the utilities provider’s stock worth $282,358,000 after purchasing an additional 408,384 shares during the last quarter. Finally, Boston Partners boosted its position in shares of Xcel Energy by 43.7% in the 4th quarter. Boston Partners now owns 5,126,143 shares of the utilities provider’s stock worth $246,619,000 after purchasing an additional 1,557,929 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.
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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