Xcel Energy Inc. (NASDAQ:XEL - Get Free Report) has earned an average recommendation of "Moderate Buy" from the twelve research firms that are currently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold recommendation and eight have issued a buy recommendation on the company. The average twelve-month target price among brokers that have issued a report on the stock in the last year is $69.17.
Several research analysts have commented on the company. Wells Fargo & Company lifted their price target on Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a research report on Wednesday, October 16th. UBS Group boosted their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a "neutral" rating in a research report on Friday, September 20th. Morgan Stanley reduced their price target on shares of Xcel Energy from $74.00 to $72.00 and set an "equal weight" rating for the company in a report on Friday, November 22nd. Barclays boosted their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an "overweight" rating in a report on Tuesday, November 26th. Finally, JPMorgan Chase & Co. upgraded shares of Xcel Energy from a "neutral" rating to an "overweight" rating and increased their target price for the company from $69.00 to $80.00 in a research note on Thursday, December 12th.
View Our Latest Analysis on Xcel Energy
Institutional Inflows and Outflows
Institutional investors have recently bought and sold shares of the stock. Integris Wealth Management LLC boosted its position in Xcel Energy by 2.7% during the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company's stock worth $402,000 after acquiring an additional 163 shares during the last quarter. Bond & Devick Financial Network Inc. boosted its holdings in Xcel Energy by 1.1% during the third quarter. Bond & Devick Financial Network Inc. now owns 15,972 shares of the company's stock worth $1,043,000 after purchasing an additional 168 shares during the last quarter. LRI Investments LLC grew its position in Xcel Energy by 5.9% in the third quarter. LRI Investments LLC now owns 3,037 shares of the company's stock valued at $209,000 after purchasing an additional 170 shares in the last quarter. Gateway Wealth Partners LLC increased its stake in Xcel Energy by 4.3% in the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company's stock valued at $236,000 after buying an additional 182 shares during the last quarter. Finally, Sumitomo Life Insurance Co. lifted its position in Xcel Energy by 2.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company's stock worth $430,000 after buying an additional 183 shares in the last quarter. Institutional investors own 78.38% of the company's stock.
Xcel Energy Price Performance
Xcel Energy stock traded down $3.02 during mid-day trading on Friday, hitting $63.37. The company's stock had a trading volume of 5,441,019 shares, compared to its average volume of 3,613,269. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The stock has a market capitalization of $36.39 billion, a P/E ratio of 18.80, a P/E/G ratio of 2.79 and a beta of 0.42. The stock's fifty day moving average price is $68.54 and its two-hundred day moving average price is $63.23. Xcel Energy has a twelve month low of $46.79 and a twelve month high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business had revenue of $3.64 billion for the quarter, compared to analysts' expectations of $3.93 billion. During the same period last year, the firm earned $1.23 EPS. The company's revenue was down .5% compared to the same quarter last year. Research analysts forecast that Xcel Energy will post 3.54 earnings per share for the current year.
Xcel Energy Cuts Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 29th. Investors of record on Monday, January 6th will be given a $0.5475 dividend. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.46%. The ex-dividend date of this dividend is Monday, January 6th. Xcel Energy's dividend payout ratio is currently 64.99%.
Xcel Energy Company Profile
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Get Free ReportXcel 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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