Xcel Energy (NYSE:XEL) was upgraded by Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Tuesday. The brokerage presently has a $48.00 price target on the utilities provider’s stock. Morgan Stanley’s price target would indicate a potential upside of 9.69% from the company’s current price.

Other research analysts have also issued reports about the stock. Bank of America decreased their price objective on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating for the company in a report on Thursday, February 8th. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. SunTrust Banks restated a “hold” rating and issued a $48.00 price objective on shares of Xcel Energy in a report on Monday, December 4th. Royal Bank of Canada restated a “hold” rating and issued a $49.00 price objective on shares of Xcel Energy in a report on Thursday, February 1st. Finally, Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Monday, January 15th. Nine research analysts have rated the stock with a hold rating, five have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Hold” and an average target price of $48.00.

Shares of Xcel Energy (XEL) opened at $43.76 on Tuesday. Xcel Energy has a 1-year low of $41.16 and a 1-year high of $52.22. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. The company has a market cap of $22,011.52, a price-to-earnings ratio of 18.77, a P/E/G ratio of 3.18 and a beta of 0.12.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter last year, the company posted $0.45 earnings per share. The firm’s revenue for the quarter was up .0% compared to the same quarter last year. equities analysts anticipate that Xcel Energy will post 2.44 earnings per share for the current fiscal year.

In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the company’s stock in a transaction dated Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the sale, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at approximately $4,155,616.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.22% of the stock is owned by corporate insiders.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. grew its position in shares of Xcel Energy by 0.4% in the 4th quarter. BlackRock Inc. now owns 42,686,068 shares of the utilities provider’s stock worth $2,053,627,000 after buying an additional 190,067 shares during the period. JPMorgan Chase & Co. grew its position in shares of Xcel Energy by 6.4% in the 3rd quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock worth $1,436,147,000 after buying an additional 1,810,629 shares during the period. Ameriprise Financial Inc. grew its position in shares of Xcel Energy by 12.2% in the 3rd quarter. Ameriprise Financial Inc. now owns 6,547,453 shares of the utilities provider’s stock worth $309,800,000 after buying an additional 710,989 shares during the period. Boston Partners grew its position in shares of Xcel Energy by 43.7% in the 4th quarter. Boston Partners now owns 5,126,143 shares of the utilities provider’s stock worth $246,619,000 after buying an additional 1,557,929 shares during the period. Finally, American Century Companies Inc. grew its position in shares of Xcel Energy by 0.5% in the 4th quarter. American Century Companies Inc. now owns 5,013,517 shares of the utilities provider’s stock worth $241,200,000 after buying an additional 24,596 shares during the period. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

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Xcel Energy Company Profile

Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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