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Xcel Energy Inc. (NASDAQ:XEL) Given Consensus Recommendation of "Moderate Buy" by Brokerages

Xcel Energy logo with Utilities background

Xcel Energy Inc. (NASDAQ:XEL - Get Free Report) has received a consensus rating of "Moderate Buy" from the twelve ratings firms that are presently covering the firm, MarketBeat Ratings reports. Four analysts have rated the stock with a hold recommendation and eight have given a buy recommendation to the company. The average 12 month price target among analysts that have covered the stock in the last year is $69.17.

A number of analysts have weighed in on the stock. UBS Group raised their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the company a "neutral" rating in a research report on Friday, September 20th. Argus upgraded shares of Xcel Energy from a "hold" rating to a "buy" rating and set a $68.00 target price on the stock in a research report on Monday, August 26th. Wells Fargo & Company boosted their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the stock an "equal weight" rating in a report on Wednesday, October 16th. KeyCorp raised their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the company an "overweight" rating in a research note on Wednesday, December 4th. Finally, JPMorgan Chase & Co. raised Xcel Energy from a "neutral" rating to an "overweight" rating and lifted their price objective for the stock from $69.00 to $80.00 in a research note on Thursday, December 12th.

View Our Latest Stock Analysis on Xcel Energy

Xcel Energy Trading Up 0.6 %

Shares of XEL stock opened at $68.08 on Wednesday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy has a fifty-two week low of $46.79 and a fifty-two week high of $73.38. The company has a market cap of $39.09 billion, a PE ratio of 20.20, a P/E/G ratio of 2.79 and a beta of 0.41. The stock's fifty day moving average price is $67.47 and its two-hundred day moving average price is $61.64.

Xcel Energy (NASDAQ:XEL - Get Free Report) last issued its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing the consensus estimate of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same period in the previous year, the firm posted $1.23 EPS. The firm's revenue was down .5% compared to the same quarter last year. Equities analysts predict that Xcel Energy will post 3.54 EPS for the current fiscal year.

Hedge Funds Weigh In On Xcel Energy

A number of institutional investors have recently modified their holdings of the company. State Street Corp boosted its stake in Xcel Energy by 6.7% during the 3rd quarter. State Street Corp now owns 37,143,025 shares of the company's stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares during the last quarter. Brookfield Corp ON boosted its position in shares of Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company's stock valued at $163,840,000 after buying an additional 2,104,405 shares during the last quarter. Federated Hermes Inc. grew its holdings in Xcel Energy by 120.2% during the second quarter. Federated Hermes Inc. now owns 2,379,615 shares of the company's stock worth $127,095,000 after buying an additional 1,299,025 shares in the last quarter. American Century Companies Inc. raised its position in Xcel Energy by 130.4% in the 2nd quarter. American Century Companies Inc. now owns 2,084,345 shares of the company's stock valued at $111,325,000 after buying an additional 1,179,823 shares during the last quarter. Finally, Merewether Investment Management LP bought a new position in Xcel Energy during the 3rd quarter valued at $64,301,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Company Profile

(Get Free Report

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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Analyst Recommendations for Xcel Energy (NASDAQ:XEL)

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