Xcel Energy Inc. (NASDAQ:XEL) Stock Has Average Target Price of $90.21

Xcel Energy Inc. (NASDAQ:XEL) has been assigned a consensus rating of “Buy” from the eighteen ratings firms that are covering the company, Marketbeat reports. One research analyst has rated the stock with a hold recommendation, sixteen have given a buy recommendation and one has assigned a strong buy recommendation to the company. The average 12 month price objective among brokerages that have issued a report on the stock in the last year is $90.21.

XEL has been the topic of a number of recent research reports. Truist Financial cut their price target on shares of Xcel Energy from $88.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. UBS Group increased their price objective on Xcel Energy from $91.00 to $96.00 in a report on Monday, July 6th. Jefferies Financial Group reaffirmed a “buy” rating and set a $99.00 target price (down from $101.00) on shares of Xcel Energy in a research report on Tuesday, October 20th. Weiss Ratings downgraded Xcel Energy from a “buy (b)” rating to a “buy (b-)” rating in a report on Monday, October 19th. Finally, BTIG Research reaffirmed a “buy” rating and issued a $91.00 price objective (down from $99.00) on shares of Xcel Energy in a research note on Tuesday, October 20th.

Hedge Funds Weigh In On Xcel Energy

Institutional investors have recently made changes to their positions in the stock. Evolution Wealth Management Inc. grew its stake in Xcel Energy by 365.3% in the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after acquiring an additional 274 shares during the period. Pin Oak Investment Advisors Inc. bought a new stake in shares of Xcel Energy during the second quarter valued at approximately $29,000. James T. Borello RIA increased its holdings in shares of Xcel Energy by 59.6% during the third quarter. James T. Borello RIA now owns 367 shares of the company’s stock valued at $26,000 after acquiring an additional 137 shares in the last quarter. GK Wealth Management LLC acquired a new position in shares of Xcel Energy during the third quarter worth approximately $28,000. Finally, First Bancorp Inc ME acquired a new position in shares of Xcel Energy during the second quarter worth approximately $36,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Trading Down 0.2%

NASDAQ XEL opened at $77.86 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. Xcel Energy has a twelve month low of $68.72 and a twelve month high of $84.23. The company has a market cap of $48.63 billion, a price-to-earnings ratio of 19.32, a price-to-earnings-growth ratio of 2.59 and a beta of 0.36. The business’s fifty day moving average is $74.75 and its 200 day moving average is $78.07.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%. The firm had revenue of $3.12 billion during the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the company earned $1.59 earnings per share. The business’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, sell-side analysts expect that Xcel Energy will post 4.13 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th were paid a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date of this dividend was Tuesday, September 15th. Xcel Energy’s payout ratio is currently 64.93%.

Xcel Energy Company Profile

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.