Analysts Set Xcel Energy Inc. (NASDAQ:XEL) Price Target at $92.41

Shares of Xcel Energy Inc. (NASDAQ:XEL) have received an average rating of “Buy” from the seventeen brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a hold rating, fourteen have issued a buy rating and two have issued a strong buy rating on the company. The average 1 year target price among analysts that have issued a report on the stock in the last year is $92.4118.

A number of research firms have weighed in on XEL. BTIG Research reissued a “buy” rating and issued a $99.00 target price on shares of Xcel Energy in a report on Friday, July 31st. JPMorgan Chase & Co. boosted their price target on Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Truist Financial reduced their price target on shares of Xcel Energy from $94.00 to $88.00 and set a “buy” rating for the company in a research report on Thursday, August 13th. Mizuho set a $92.00 price objective on shares of Xcel Energy in a research note on Friday, July 31st. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th.

Xcel Energy Price Performance

Shares of XEL opened at $75.41 on Friday. The firm has a market cap of $47.10 billion, a PE ratio of 20.66, a P/E/G ratio of 2.58 and a beta of 0.39. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49. The firm has a fifty day simple moving average of $78.35 and a two-hundred day simple moving average of $79.51. Xcel Energy has a 1-year low of $71.35 and a 1-year high of $84.23.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%.The firm had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.54 billion. During the same period last year, the business posted $1.59 EPS. The company’s revenue for the quarter was down 5.1% on a year-over-year basis. On average, equities analysts anticipate that Xcel Energy will post 4.11 EPS for the current year.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be issued a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a yield of 3.1%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy’s dividend payout ratio is currently 64.93%.

Institutional Inflows and Outflows

Several institutional investors have recently added to or reduced their stakes in XEL. Evolution Wealth Management Inc. increased its stake in shares of Xcel Energy by 365.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares in the last quarter. Pin Oak Investment Advisors Inc. purchased a new position in Xcel Energy during the second quarter valued at $29,000. Garton & Associates Financial Advisors LLC purchased a new position in Xcel Energy during the fourth quarter valued at $30,000. First Bancorp Inc ME purchased a new position in Xcel Energy during the second quarter valued at $36,000. Finally, Cedar Mountain Advisors LLC bought a new stake in Xcel Energy during the first quarter valued at about $39,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Company Profile

Xcel Energy Inc is a Minneapolis-based electric and natural gas utility holding company that serves customers across parts of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Through its operating companies, Xcel provides electricity generation, transmission and distribution, as well as natural gas distribution and related energy services.

The company operates a diversified generating fleet that includes wind, solar, hydroelectric, nuclear, natural gas and other resources.