Xcel Energy (NASDAQ:XEL – Free Report) had its target price upped by JPMorgan Chase & Co. from $91.00 to $102.00 in a report issued on Thursday morning,Benzinga reports. They currently have an overweight rating on the stock.
XEL has been the subject of a number of other research reports. Jefferies Financial Group set a $101.00 price target on shares of Xcel Energy in a research note on Tuesday, July 7th. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. New Street Research set a $91.00 target price on Xcel Energy in a research report on Tuesday, June 23rd. UBS Group boosted their price target on Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Finally, BMO Capital Markets upped their price target on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research report on Wednesday, April 22nd. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and a consensus price target of $92.76.
Read Our Latest Analysis on Xcel Energy
Xcel Energy Trading Down 1.5%
Xcel Energy (NASDAQ:XEL – Get Free Report) last released its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same period last year, the firm earned $0.84 EPS. On average, equities research analysts forecast that Xcel Energy will post 4.11 earnings per share for the current fiscal year.
Xcel Energy Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Stockholders of record on Monday, June 15th will be issued a dividend of $0.5925 per share. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.
Institutional Inflows and Outflows
Several institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. raised its position in Xcel Energy by 1.2% in the 4th quarter. Vanguard Group Inc. now owns 77,610,805 shares of the company’s stock valued at $5,732,334,000 after purchasing an additional 885,085 shares during the last quarter. State Street Corp grew its holdings in shares of Xcel Energy by 1.2% during the fourth quarter. State Street Corp now owns 36,340,645 shares of the company’s stock worth $2,704,534,000 after purchasing an additional 444,092 shares during the last quarter. Bank of America Corp DE grew its holdings in shares of Xcel Energy by 5.9% during the first quarter. Bank of America Corp DE now owns 29,441,811 shares of the company’s stock worth $2,338,858,000 after purchasing an additional 1,637,890 shares during the last quarter. JPMorgan Chase & Co. increased its stake in shares of Xcel Energy by 16.9% in the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after buying an additional 3,546,423 shares in the last quarter. Finally, Geode Capital Management LLC increased its stake in shares of Xcel Energy by 0.8% in the fourth quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock valued at $1,214,035,000 after buying an additional 126,498 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.
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.
Featured Articles
- Five stocks we like better than Xcel Energy
- Netflix May Be Cheap Enough to Tempt Buyers After Earnings Drop
- Delta vs. United: Which Airline Is Better Built for Higher Fuel Costs?
- The Market Sold Alcoa After Earnings—But It May Be Missing the Real Story
- Why Intuitive Surgical’s Strong Quarter Still Spooked Investors
Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.
