Xcel Energy (NASDAQ:XEL) Given New $89.00 Price Target at UBS Group

Xcel Energy (NASDAQ:XEL) had its price objective decreased by research analysts at UBS Group from $93.00 to $89.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the stock. UBS Group’s price objective points to a potential upside of 13.68% from the company’s current price.

XEL has been the subject of a number of other research reports. BTIG Research set a $94.00 price objective on shares of Xcel Energy in a research report on Friday, January 30th. Morgan Stanley set a $91.00 price target on Xcel Energy in a report on Friday, February 20th. KeyCorp reduced their price objective on Xcel Energy from $85.00 to $84.00 and set an “overweight” rating for the company in a research report on Friday, December 12th. Barclays lowered their price objective on Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Finally, Mizuho set a $86.00 target price on Xcel Energy in a research report on Friday, January 9th. Three analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has issued a Sell rating to the company. According to MarketBeat, the stock presently has an average rating of “Buy” and a consensus price target of $88.44.

Xcel Energy Stock Up 1.7%

Shares of NASDAQ:XEL traded up $1.34 during midday trading on Tuesday, hitting $78.29. 303,554 shares of the stock were exchanged, compared to its average volume of 5,012,213. The business’s fifty day simple moving average is $79.07 and its two-hundred day simple moving average is $78.06. The company has a debt-to-equity ratio of 1.35, a quick ratio of 0.60 and a current ratio of 0.71. Xcel Energy has a 52-week low of $65.21 and a 52-week high of $84.23. The company has a market capitalization of $48.84 billion, a PE ratio of 22.90, a P/E/G ratio of 2.10 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last posted its earnings results on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, meeting the consensus estimate of $0.96. The company had revenue of $3.56 billion for the quarter, compared to analyst estimates of $3.77 billion. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The business’s revenue was up 14.1% compared to the same quarter last year. During the same period last year, the company earned $0.81 earnings per share. As a group, research analysts predict that Xcel Energy will post 3.82 earnings per share for the current fiscal year.

Institutional Trading of Xcel Energy

A number of hedge funds and other institutional investors have recently modified their holdings of the stock. Brighton Jones LLC bought a new stake in shares of Xcel Energy in the 4th quarter valued at about $240,000. Empowered Funds LLC increased its position in Xcel Energy by 30.7% during the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after buying an additional 3,242 shares during the last quarter. Woodline Partners LP raised its stake in Xcel Energy by 40.7% in the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock valued at $3,434,000 after buying an additional 14,029 shares during the period. Magnetar Financial LLC bought a new stake in Xcel Energy in the second quarter valued at approximately $471,000. Finally, MAI Capital Management lifted its position in shares of Xcel Energy by 13.2% in the second quarter. MAI Capital Management now owns 2,872 shares of the company’s stock valued at $196,000 after buying an additional 336 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.