Xcel Energy (NASDAQ:XEL – Free Report) had its target price increased by Morgan Stanley from $59.00 to $65.00 in a research report report published on Tuesday, Benzinga reports. The brokerage currently has an equal weight rating on the stock.
A number of other brokerages have also recently weighed in on XEL. Bank of America increased their price target on shares of Xcel Energy from $63.00 to $66.00 and gave the stock a buy rating in a research note on Monday, April 29th. Barclays upped their price objective on shares of Xcel Energy from $56.00 to $57.00 and gave the stock an overweight rating in a research report on Tuesday, April 30th. TheStreet downgraded shares of Xcel Energy from a b- rating to a c+ rating in a research report on Thursday, March 14th. StockNews.com upgraded shares of Xcel Energy from a sell rating to a hold rating in a research report on Thursday, May 2nd. Finally, KeyCorp cut their price objective on shares of Xcel Energy from $68.00 to $65.00 and set an overweight rating for the company in a research report on Friday, April 19th. Six analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of Moderate Buy and an average price target of $63.33.
Check Out Our Latest Research Report on XEL
Xcel Energy Trading Up 0.0 %
NASDAQ XEL opened at $53.74 on Tuesday. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48. Xcel Energy has a 52 week low of $46.79 and a 52 week high of $65.62. The stock has a market capitalization of $29.86 billion, a PE ratio of 16.14, a price-to-earnings-growth ratio of 2.36 and a beta of 0.36. The firm has a 50 day moving average of $54.18 and a two-hundred day moving average of $57.37.
Xcel Energy (NASDAQ:XEL – Get Free Report) last issued its earnings results on Thursday, April 25th. The company reported $0.88 earnings per share (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 during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter in the prior year, the business posted $0.76 EPS. The company’s revenue for the quarter was down 10.6% on a year-over-year basis. As a group, research analysts expect that Xcel Energy will post 3.56 EPS for the current fiscal year.
Xcel Energy Cuts Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Saturday, July 20th. Investors of record on Friday, June 14th will be issued a $0.5475 dividend. This represents a $2.19 annualized dividend and a yield of 4.08%. The ex-dividend date of this dividend is Friday, June 14th. Xcel Energy’s payout ratio is currently 65.77%.
Institutional Investors Weigh In On Xcel Energy
Hedge funds and other institutional investors have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $25,000. Criterion Capital Advisors LLC bought a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $25,000. Heritage Wealth Advisors bought a new stake in shares of Xcel Energy in the 4th quarter valued at approximately $25,000. Finally, Capital Analysts LLC grew its stake in shares of Xcel Energy by 293.6% in the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after buying an additional 323 shares in the last quarter. 78.38% of the stock is currently 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.
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