Xcel Energy (XEL) – Investment Analysts’ Weekly Ratings Changes

Xcel Energy (NASDAQ: XEL) has recently received a number of price target changes and ratings updates:

• 4/30/2024 – Xcel Energy had its price target raised by analysts at Barclays PLC from $56.00 to $57.00. They now have an “overweight” rating on the stock.
• 4/29/2024 – Xcel Energy had its price target raised by analysts at Bank of America Co. from $63.00 to $66.00. They now have a “buy” rating on the stock.
• 4/26/2024 – Xcel Energy was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 4/26/2024 – Xcel Energy had its price target raised by analysts at Evercore ISI from $54.00 to $59.00. They now have an “outperform” rating on the stock.
• 4/20/2024 – Xcel Energy was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 4/19/2024 – Xcel Energy had its price target lowered by analysts at KeyCorp from $68.00 to $65.00. They now have an “overweight” rating on the stock.
• 4/12/2024 – Xcel Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 4/5/2024 – Xcel Energy was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/14/2024 – Xcel Energy was downgraded by analysts at TheStreet from a “b-” rating to a “c+” rating.
• 3/13/2024 – Xcel Energy had its price target lowered by analysts at JPMorgan Chase & Co. from $68.00 to $59.00. They now have a “neutral” rating on the stock.
• 3/11/2024 – Xcel Energy was upgraded by analysts at Barclays PLC from an “equal weight” rating to an “overweight” rating. They now have a $54.00 price target on the stock, down previously from $61.00.
• 3/11/2024 – Xcel Energy was upgraded by analysts at Wolfe Research from a “peer perform” rating to an “outperform” rating. They now have a $58.00 price target on the stock.
• 3/7/2024 – Xcel Energy was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.

Xcel Energy Stock Performance

Xcel Energy stock opened at $53.78 on Thursday. The company has a debt-to-equity ratio of 1.48, a current ratio of 0.86 and a quick ratio of 0.74. Xcel Energy Inc. has a 1-year low of $46.79 and a 1-year high of $70.11. The firm has a market capitalization of $29.88 billion, a P/E ratio of 16.15, a price-to-earnings-growth ratio of 2.39 and a beta of 0.36. The company’s 50-day moving average is $53.45 and its 200 day moving average is $57.97.

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

Xcel Energy Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were paid a $0.548 dividend. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a yield of 4.08%. The ex-dividend date was Thursday, March 14th. Xcel Energy’s dividend payout ratio is currently 65.77%.

Hedge Funds Weigh In On Xcel Energy

Hedge funds have recently added to or reduced their stakes in the stock. Turtle Creek Wealth Advisors LLC bought a new position in Xcel Energy in the 4th quarter worth about $25,000. Criterion Capital Advisors LLC bought a new position in shares of Xcel Energy during the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in shares of Xcel Energy during the fourth quarter valued at approximately $25,000. Heritage Wealth Advisors bought a new position in shares of Xcel Energy during the fourth quarter valued at approximately $25,000. Finally, Capital Analysts LLC boosted its stake in shares of Xcel Energy by 293.6% during the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after purchasing an additional 323 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors.

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.