Xcel Energy (NASDAQ:XEL) Price Target Increased to $68.00 by Analysts at UBS Group

Xcel Energy (NASDAQ:XELGet Rating) had its target price increased by UBS Group to $68.00 in a research note released on Monday, Stock Target Advisor reports.

A number of other brokerages also recently issued reports on XEL. StockNews.com started coverage on Xcel Energy in a report on Wednesday, October 12th. They issued a hold rating on the stock. Wells Fargo & Company lowered their price target on Xcel Energy from $79.00 to $69.00 and set an equal weight rating for the company in a research report on Wednesday, October 19th. BMO Capital Markets decreased their price objective on Xcel Energy from $80.00 to $71.00 and set an outperform rating for the company in a report on Wednesday, October 5th. Credit Suisse Group cut Xcel Energy from an outperform rating to a neutral rating and set a $68.00 price objective for the company. in a report on Monday. Finally, Morgan Stanley boosted their price objective on Xcel Energy from $59.00 to $63.00 and gave the company an equal weight rating in a report on Friday, November 11th. Five analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of Moderate Buy and an average target price of $69.64.

Xcel Energy Trading Up 0.5 %

XEL opened at $69.20 on Monday. The stock’s fifty day moving average is $63.36 and its two-hundred day moving average is $69.14. The company has a market capitalization of $37.87 billion, a P/E ratio of 22.61, a PEG ratio of 3.36 and a beta of 0.40. Xcel Energy has a 52 week low of $56.89 and a 52 week high of $77.66. The company has a quick ratio of 0.86, a current ratio of 1.04 and a debt-to-equity ratio of 1.42.

Insiders Place Their Bets

In other Xcel Energy news, SVP Frank P. Prager sold 1,138 shares of the company’s stock in a transaction on Wednesday, November 16th. The stock was sold at an average price of $68.48, for a total transaction of $77,930.24. Following the transaction, the senior vice president now directly owns 28,036 shares in the company, valued at $1,919,905.28. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.05% of the stock is owned by insiders.

Institutional Trading of Xcel Energy

A number of large investors have recently modified their holdings of the stock. Great Valley Advisor Group Inc. increased its holdings in Xcel Energy by 5.3% in the second quarter. Great Valley Advisor Group Inc. now owns 13,706 shares of the company’s stock valued at $970,000 after buying an additional 695 shares during the last quarter. Trust Co. of Vermont purchased a new position in Xcel Energy in the second quarter valued at $88,000. Prospera Financial Services Inc increased its holdings in Xcel Energy by 20.0% in the second quarter. Prospera Financial Services Inc now owns 11,309 shares of the company’s stock valued at $800,000 after buying an additional 1,888 shares during the last quarter. Calamos Advisors LLC increased its holdings in Xcel Energy by 2.7% in the second quarter. Calamos Advisors LLC now owns 230,219 shares of the company’s stock valued at $16,290,000 after buying an additional 6,094 shares during the last quarter. Finally, Kinneret Advisory LLC increased its holdings in Xcel Energy by 2.2% in the second quarter. Kinneret Advisory LLC now owns 30,974 shares of the company’s stock valued at $2,207,000 after buying an additional 656 shares during the last quarter. Hedge funds and other institutional investors own 77.52% of the company’s stock.

Xcel Energy Company Profile

(Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

Further Reading

Analyst Recommendations for Xcel Energy (NASDAQ:XEL)

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