Xcel Energy Inc. (NASDAQ:XEL) Receives Average Rating of "Moderate Buy" from Analysts
Xcel Energy Inc. (NASDAQ:XEL) has received an average rating of "Moderate Buy" from seventeen analysts. The stock has one sell rating, one hold rating, thirteen buy ratings, and two strong buy ratings. The average 1-year target price is $87.14. Recent upgrades include Barclays, Weiss Ratings, BTIG Research, Mizuho, and Bank of America. Institutional investors have increased their positions in XEL. The stock is currently priced at $79.04 with a market cap of $46.76 billion.
Xcel Energy Inc. (NASDAQ:XEL - Get Free Report) has been given an average rating of "Moderate Buy" by the seventeen analysts that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, one has issued a hold rating, thirteen have given a buy rating and two have given a strong buy rating to the company. The average 1-year target price among analysts that have updated their coverage on the stock in the last year is $87.1429.
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XEL has been the topic of a number of recent research reports. Barclays upped their price target on Xcel Energy from $83.00 to $85.00 and gave the company an "overweight" rating in a research report on Wednesday, November 5th. Weiss Ratings raised shares of Xcel Energy from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, October 24th. BTIG Research upgraded shares of Xcel Energy to a "strong-buy" rating in a research report on Wednesday, October 22nd. Mizuho raised their price target on Xcel Energy from $83.00 to $87.00 and gave the stock an "outperform" rating in a report on Monday, October 27th. Finally, Bank of America boosted their price objective on shares of Xcel Energy from $78.00 to $84.00 and gave the company a "buy" rating in a research note on Thursday, September 25th.
Read Our Latest Report on XEL
Institutional Trading of Xcel Energy
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A number of hedge funds have recently made changes to their positions in XEL. Swiss Life Asset Management Ltd increased its stake in Xcel Energy by 91.8% in the third quarter. Swiss Life Asset Management Ltd now owns 89,215 shares of the company's stock valued at $7,195,000 after acquiring an additional 42,711 shares during the last quarter. Vermillion & White Wealth Management Group LLC bought a new position in shares of Xcel Energy during the 3rd quarter valued at about $27,000. Opes Wealth Management LLC purchased a new position in shares of Xcel Energy during the 3rd quarter valued at about $214,000. CIBC Private Wealth Group LLC lifted its position in Xcel Energy by 22.0% in the 3rd quarter. CIBC Private Wealth Group LLC now owns 12,513 shares of the company's stock worth $1,009,000 after buying an additional 2,256 shares during the last quarter. Finally, CIBC Bancorp USA Inc. purchased a new stake in Xcel Energy in the third quarter worth approximately $8,285,000. 78.38% of the stock is owned by institutional investors.
Xcel Energy Stock Down 0.9%
XEL opened at $79.04 on Wednesday. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. The stock has a market cap of $46.76 billion, a price-to-earnings ratio of 21.89, a PEG ratio of 2.81 and a beta of 0.45. Xcel Energy has a twelve month low of $62.58 and a twelve month high of $83.01. The company's 50-day moving average price is $80.55 and its two-hundred day moving average price is $74.16.
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Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Wednesday, October 29th. The company reported $1.24 EPS for the quarter, missing analysts' consensus estimates of $1.32 by ($0.08). Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same period last year, the firm posted $1.25 EPS. The company's revenue for the quarter was up 7.4% compared to the same quarter last year. As a group, equities analysts expect that Xcel Energy will post 3.82 earnings per share for the current year.
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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