Brokerages Set Xcel Energy Inc. (NASDAQ:XEL) PT at $92.00

Xcel Energy Inc. (NASDAQ:XELGet Free Report) has been assigned a consensus recommendation of “Buy” from the seventeen analysts that are presently covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $92.7647.

XEL has been the subject of a number of research reports. New Street Research set a $91.00 target price on Xcel Energy in a research note on Tuesday, June 23rd. Morgan Stanley set a $89.00 price target on Xcel Energy in a research report on Wednesday, June 24th. KeyCorp reissued an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Wall Street Zen lowered Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. Finally, Barclays upped their price objective on Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th.

View Our Latest Stock Analysis on Xcel Energy

Institutional Trading of Xcel Energy

Several hedge funds have recently bought and sold shares of the company. Quadrant Capital Group LLC boosted its position in shares of Xcel Energy by 1.7% during the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock worth $593,000 after purchasing an additional 125 shares in the last quarter. Bleakley Financial Group LLC grew its stake in Xcel Energy by 0.5% in the fourth 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. Hills Bank & Trust Co grew its stake in Xcel Energy by 2.2% in the fourth 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. Keel Point LLC increased its holdings in shares of Xcel Energy by 2.6% during the fourth quarter. Keel Point LLC now owns 5,485 shares of the company’s stock valued at $405,000 after acquiring an additional 137 shares in the last quarter. Finally, KCM Investment Advisors LLC increased its holdings in shares of Xcel Energy by 1.9% during the first quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock valued at $600,000 after acquiring an additional 140 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Stock Down 0.1%

Shares of NASDAQ:XEL opened at $78.67 on Thursday. The company’s fifty day moving average is $79.52 and its two-hundred day moving average is $79.12. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. Xcel Energy has a 1-year low of $69.16 and a 1-year high of $84.23. The stock has a market capitalization of $49.11 billion, a price-to-earnings ratio of 22.67, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39.

Xcel Energy (NASDAQ:XELGet Free Report) last announced its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.91. The business 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 company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.84 EPS. Equities analysts anticipate that Xcel Energy will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, June 15th were issued a dividend of $0.5925 per share. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.0%. Xcel Energy’s payout ratio is 68.30%.

About Xcel Energy

(Get Free Report)

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.

Further Reading

Analyst Recommendations for Xcel Energy (NASDAQ:XEL)

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