KeyCorp Increases Xcel Energy (NASDAQ:XEL) Price Target to $69.00

Xcel Energy (NASDAQ:XEL) had its price target raised by KeyCorp from $66.00 to $69.00 in a report released on Monday, Benzinga reports. The firm currently has an “overweight” rating on the stock. KeyCorp’s price objective would indicate a potential upside of 5.63% from the stock’s current price.

A number of other brokerages also recently weighed in on XEL. UBS Group upped their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a report on Friday, September 20th. Jefferies Financial Group assumed coverage on shares of Xcel Energy in a research note on Thursday, September 19th. They issued a “hold” rating and a $70.00 price objective on the stock. Morgan Stanley lifted their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, August 26th. Finally, Wells Fargo & Company lifted their price objective on Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a research report on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $64.36.

Xcel Energy Stock Up 0.0 %

Shares of NASDAQ:XEL opened at $65.32 on Monday. The firm has a 50 day simple moving average of $61.22 and a 200 day simple moving average of $56.59. Xcel Energy has a 52 week low of $46.79 and a 52 week high of $65.64. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. The company has a market cap of $36.29 billion, a PE ratio of 19.62, a price-to-earnings-growth ratio of 2.82 and a beta of 0.38.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business’s quarterly revenue was up .2% on a year-over-year basis. During the same period last year, the business earned $0.52 EPS. As a group, research analysts expect that Xcel Energy will post 3.55 earnings per share for the current year.

Institutional Trading of Xcel Energy

Several large investors have recently modified their holdings of the company. Price T Rowe Associates Inc. MD boosted its stake in Xcel Energy by 770.0% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 7,552,625 shares of the company’s stock valued at $405,955,000 after purchasing an additional 6,684,499 shares during the period. Jupiter Asset Management Ltd. bought a new stake in shares of Xcel Energy in the first quarter valued at approximately $80,283,000. Federated Hermes Inc. grew its stake in shares of Xcel Energy by 120.2% in the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company’s stock worth $127,095,000 after acquiring an additional 1,299,025 shares during the last quarter. American Century Companies Inc. increased its position in Xcel Energy by 130.4% during the second quarter. American Century Companies Inc. now owns 2,084,345 shares of the company’s stock worth $111,325,000 after acquiring an additional 1,179,823 shares during the period. Finally, Zimmer Partners LP raised its stake in Xcel Energy by 1,765.0% during the 1st quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after purchasing an additional 882,505 shares during the last quarter. 78.38% of the stock is owned by institutional investors.

Xcel Energy Company Profile

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.