Brokerages Set Xcel Energy Inc. (NASDAQ:XEL) Price Target at $62.83

Shares of Xcel Energy Inc. (NASDAQ:XELGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the twelve research firms that are covering the firm, Marketbeat Ratings reports. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is $62.83.

XEL has been the subject of a number of recent analyst reports. Barclays lifted their price objective on shares of Xcel Energy from $56.00 to $57.00 and gave the company an “overweight” rating in a report on Tuesday, April 30th. KeyCorp dropped their price objective on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. TheStreet lowered shares of Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a research note on Friday, January 26th. Finally, upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Thursday, May 2nd.

View Our Latest Report on XEL

Hedge Funds Weigh In On Xcel Energy

Several institutional investors have recently modified their holdings of the business. Turtle Creek Wealth Advisors LLC acquired a new stake in Xcel Energy in the fourth quarter valued at approximately $25,000. Criterion Capital Advisors LLC acquired a new stake in shares of Xcel Energy in the 4th quarter valued at $25,000. Pacific Capital Wealth Advisors Inc. purchased a new stake in shares of Xcel Energy during the 4th quarter worth $25,000. Heritage Wealth Advisors acquired a new position in shares of Xcel Energy during the fourth quarter worth $25,000. Finally, Capital Analysts LLC increased its holdings in Xcel Energy by 293.6% in the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Stock Up 0.7 %

Shares of XEL stock opened at $55.83 on Tuesday. Xcel Energy has a fifty-two week low of $46.79 and a fifty-two week high of $69.14. The firm has a market capitalization of $31.02 billion, a PE ratio of 16.77, a P/E/G ratio of 2.43 and a beta of 0.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. The stock’s 50-day simple moving average is $53.31 and its 200-day simple moving average is $57.73.

Xcel Energy (NASDAQ:XELGet Free Report) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.88 EPS for the quarter, beating the consensus estimate of $0.80 by $0.08. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The business had revenue of $3.65 billion for the quarter, compared to the consensus estimate of $4.12 billion. During the same period in the prior year, the firm earned $0.76 EPS. The business’s revenue for the quarter was down 10.6% on a year-over-year basis. Equities analysts expect that Xcel Energy will post 3.56 earnings per share for the current year.

Xcel Energy Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were given a dividend of $0.548 per share. This represents a $2.19 annualized dividend and a dividend yield of 3.93%. The ex-dividend date was Thursday, March 14th. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio is currently 65.77%.

Xcel Energy Company Profile

(Get Free Report

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.

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Analyst Recommendations for Xcel Energy (NASDAQ:XEL)

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