Xcel Energy (NASDAQ:XEL) PT Raised to $57.00

Xcel Energy (NASDAQ:XEL) had its price target increased by investment analysts at Barclays from $56.00 to $57.00 in a report issued on Tuesday, Benzinga reports. The brokerage currently has an “overweight” rating on the stock. Barclays‘s price target would suggest a potential upside of 5.46% from the company’s previous close.

A number of other analysts have also issued reports on the company. TheStreet lowered Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. Royal Bank of Canada raised their target price on shares of Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research report on Tuesday, January 30th. JPMorgan Chase & Co. dropped their price target on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a research report on Wednesday, March 13th. KeyCorp decreased their price target on shares of Xcel Energy from $68.00 to $65.00 and set an “overweight” rating on the stock in a report on Friday, April 19th. Finally, Wells Fargo & Company upped their price objective on Xcel Energy from $63.00 to $64.00 and gave the stock an “equal weight” rating in a report on Friday, January 26th. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $62.83.

Xcel Energy Price Performance

NASDAQ:XEL traded down $0.43 during mid-day trading on Tuesday, hitting $54.05. 769,507 shares of the company’s stock traded hands, compared to its average volume of 5,342,101. Xcel Energy has a 1 year low of $46.79 and a 1 year high of $70.60. The company has a market cap of $30.03 billion, a PE ratio of 16.16, a price-to-earnings-growth ratio of 2.37 and a beta of 0.36. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. The firm’s 50 day simple moving average is $53.68 and its 200 day simple moving average is $58.04.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping analysts’ consensus estimates of $0.80 by $0.08. Xcel Energy had a return on equity of 11.03% and a net margin of 13.36%. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. During the same quarter last year, the business posted $0.76 EPS. The firm’s quarterly revenue was down 10.6% compared to the same quarter last year. Sell-side analysts expect that Xcel Energy will post 3.56 EPS for the current year.

Hedge Funds Weigh In On Xcel Energy

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Turtle Creek Wealth Advisors LLC purchased a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $25,000. Criterion Capital Advisors LLC purchased a new position in shares of Xcel Energy in the fourth quarter valued at $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Xcel Energy during the 4th quarter valued at $25,000. Heritage Wealth Advisors purchased a new stake in Xcel Energy during the 4th quarter worth $25,000. Finally, Capital Analysts LLC lifted its holdings in Xcel Energy by 293.6% in the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock worth $26,000 after buying an additional 323 shares in the last quarter. 78.38% of the stock is owned by institutional investors and hedge funds.

About Xcel Energy

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.