Xcel Energy (NASDAQ:XEL) Stock Rating Upgraded by Truist Financial

Xcel Energy (NASDAQ:XEL) was upgraded by Truist Financial to a “strong-buy” rating in a research note issued on Monday,Zacks.com reports.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley set a $92.00 target price on shares of Xcel Energy in a research report on Tuesday. Argus set a $86.00 target price on shares of Xcel Energy in a research report on Thursday, March 12th. KeyCorp raised their target price on shares of Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a research report on Tuesday. Weiss Ratings raised Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Finally, UBS Group increased their target price on Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday. Four analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has assigned a Sell rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Buy” and an average target price of $90.12.

Xcel Energy Trading Down 0.3%

Xcel Energy stock traded down $0.27 during trading hours on Monday, reaching $78.81. The stock had a trading volume of 542,038 shares, compared to its average volume of 4,798,994. The stock has a market cap of $49.19 billion, a PE ratio of 23.07, a PEG ratio of 2.20 and a beta of 0.43. Xcel Energy has a 52 week low of $65.21 and a 52 week high of $84.23. The company has a debt-to-equity ratio of 1.35, a current ratio of 0.71 and a quick ratio of 0.60. The company has a fifty day simple moving average of $80.78 and a 200-day simple moving average of $78.78.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.96. The business had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. Xcel Energy had a net margin of 13.76% and a return on equity of 10.46%. The company’s revenue was up 14.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.81 EPS. Analysts forecast that Xcel Energy will post 4.11 EPS for the current fiscal year.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the business. Quadrant Capital Group LLC lifted its position in Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after acquiring an additional 125 shares during the period. TIAA Trust National Association lifted its position in Xcel Energy by 1.0% during the 3rd quarter. TIAA Trust National Association now owns 12,683 shares of the company’s stock valued at $1,022,000 after acquiring an additional 126 shares during the period. Bleakley Financial Group LLC lifted its position in Xcel Energy by 0.5% during the 4th quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock valued at $2,138,000 after acquiring an additional 131 shares during the period. Hanson & Doremus Investment Management lifted its position in Xcel Energy by 9.1% during the 3rd quarter. Hanson & Doremus Investment Management now owns 1,592 shares of the company’s stock valued at $128,000 after acquiring an additional 133 shares during the period. Finally, Hills Bank & Trust Co lifted its position in Xcel Energy by 2.2% during the 4th quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock valued at $457,000 after acquiring an additional 133 shares during the period. 78.38% of the stock is owned by hedge funds and other institutional investors.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.