Xcel Energy (NASDAQ:XEL) Given New $61.00 Price Target at Barclays

Xcel Energy (NASDAQ:XELGet Free Report) had its price target cut by equities research analysts at Barclays from $62.00 to $61.00 in a research note issued to investors on Monday, Benzinga reports. The firm currently has an “equal weight” rating on the stock. Barclays‘s price objective suggests a potential upside of 2.07% from the company’s current price.

XEL has been the topic of a number of other research reports. JPMorgan Chase & Co. upped their price target on shares of Xcel Energy from $66.00 to $68.00 and gave the stock a “neutral” rating in a research note on Thursday, November 30th. Bank of America upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $58.00 to $66.00 in a research note on Friday, October 6th. Morgan Stanley upped their target price on shares of Xcel Energy from $58.00 to $59.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 21st. StockNews.com upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research note on Sunday, November 5th. Finally, KeyCorp upped their target price on shares of Xcel Energy from $62.00 to $68.00 and gave the company an “overweight” rating in a research note on Thursday, January 4th. Eight research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, Xcel Energy has an average rating of “Hold” and a consensus target price of $65.00.

View Our Latest Research Report on Xcel Energy

Xcel Energy Stock Up 0.2 %

Shares of Xcel Energy stock opened at $59.76 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.73 and a debt-to-equity ratio of 1.44. The company’s fifty day simple moving average is $61.30 and its two-hundred day simple moving average is $59.98. The company has a market cap of $32.98 billion, a P/E ratio of 18.62, a PEG ratio of 2.76 and a beta of 0.41. Xcel Energy has a 12-month low of $53.73 and a 12-month high of $71.96.

Xcel Energy (NASDAQ:XELGet Free Report) last released its earnings results on Thursday, January 25th. The company reported $0.83 earnings per share for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Xcel Energy had a return on equity of 10.88% and a net margin of 12.47%. The firm’s quarterly revenue was down 15.1% compared to the same quarter last year. During the same period in the prior year, the company earned $0.69 earnings per share. Research analysts anticipate that Xcel Energy will post 3.57 EPS for the current year.

Institutional Investors Weigh In On Xcel Energy

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Ameritas Investment Partners Inc. boosted its position in shares of Xcel Energy by 0.8% during the 1st quarter. Ameritas Investment Partners Inc. now owns 19,660 shares of the company’s stock valued at $1,418,000 after acquiring an additional 156 shares during the last quarter. Kesler Norman & Wride LLC boosted its position in shares of Xcel Energy by 0.7% during the 4th quarter. Kesler Norman & Wride LLC now owns 26,007 shares of the company’s stock valued at $1,610,000 after acquiring an additional 169 shares during the last quarter. Parsons Capital Management Inc. RI boosted its position in shares of Xcel Energy by 2.1% during the 2nd quarter. Parsons Capital Management Inc. RI now owns 8,262 shares of the company’s stock valued at $514,000 after acquiring an additional 170 shares during the last quarter. Stephens Inc. AR boosted its position in shares of Xcel Energy by 5.6% during the 2nd quarter. Stephens Inc. AR now owns 3,281 shares of the company’s stock valued at $204,000 after acquiring an additional 174 shares during the last quarter. Finally, Nwam LLC boosted its position in shares of Xcel Energy by 5.8% during the 1st quarter. Nwam LLC now owns 3,224 shares of the company’s stock valued at $217,000 after acquiring an additional 177 shares during the last quarter. 77.83% of the stock is owned by hedge funds and other institutional investors.

About Xcel Energy

(Get Free Report)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

Further Reading

Analyst Recommendations for Xcel Energy (NASDAQ:XEL)

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