Xcel Energy Inc. (NASDAQ:XEL – Get Free Report) has been given a consensus recommendation of “Buy” by the seventeen research firms that are presently covering the company, Marketbeat Ratings reports. One research analyst has rated the stock with a hold rating, fourteen have given a buy rating and two have given a strong buy rating to the company. The average 12 month price target among analysts that have issued ratings on the stock in the last year is $92.4118.
Several analysts have recently commented on XEL shares. BMO Capital Markets reduced their price target on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a report on Wednesday, July 22nd. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. New Street Research set a $91.00 price target on shares of Xcel Energy in a report on Tuesday, June 23rd. Barclays raised their price objective on shares of Xcel Energy from $87.00 to $90.00 and gave the company an “overweight” rating in a research note on Thursday, July 9th. Finally, JPMorgan Chase & Co. upped their target price on shares of Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a research report on Thursday, July 16th.
View Our Latest Research Report on XEL
Xcel Energy Stock Performance
Xcel Energy (NASDAQ:XEL – Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The firm had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period in the prior year, the company posted $1.59 earnings per share. The firm’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, sell-side analysts predict that Xcel Energy will post 4.11 earnings per share for the current year.
Xcel Energy Dividend Announcement
The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 annualized dividend and a dividend yield of 3.1%. Xcel Energy’s payout ratio is 64.93%.
Hedge Funds Weigh In On Xcel Energy
Hedge funds have recently bought and sold shares of the company. Evolution Wealth Management Inc. grew its holdings in Xcel Energy by 365.3% in the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after purchasing an additional 274 shares during the last quarter. Pin Oak Investment Advisors Inc. acquired a new position in shares of Xcel Energy during the 2nd quarter worth $29,000. Garton & Associates Financial Advisors LLC purchased a new stake in shares of Xcel Energy in the 4th quarter worth about $30,000. First Bancorp Inc ME acquired a new stake in Xcel Energy in the 2nd quarter valued at about $36,000. Finally, Advocate Investing Services LLC purchased a new position in Xcel Energy during the 4th quarter valued at about $38,000. 78.38% of the stock is owned by hedge funds and other institutional investors.
Xcel Energy Company Profile
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 Stories
- Five stocks we like better than Xcel Energy
- Tesla’s Robotaxi Launch Wasn’t the Moment Investors Expected
- Despite Post-Earnings Drop, Wall Street Analysts Eye New Highs for Broadcom Stock
- Morgan Stanley Eyes Good Things Ahead for Meta After $18 Billion Legal Settlement
- Q3 Earnings Could Be the Catalyst the Market Has Been Waiting For
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.
