Xcel Energy Inc. (NASDAQ:XEL) Receives $90.63 Average Price Target from Analysts

Shares of Xcel Energy Inc. (NASDAQ:XEL) have received a consensus rating of “Buy” from the seventeen brokerages that are covering the firm, MarketBeat reports. One analyst has rated the stock with a sell rating, thirteen have assigned a buy rating and three have issued a strong buy rating on the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $90.6250.

A number of research firms have issued reports on XEL. Truist Financial lowered their target price on Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. JPMorgan Chase & Co. lowered their target price on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Argus set a $86.00 target price on Xcel Energy in a report on Thursday, March 12th. Barclays lowered their target price on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday, May 12th. Finally, KeyCorp increased their target price on Xcel Energy from $89.00 to $90.00 and gave the stock an “overweight” rating in a report on Tuesday, April 21st.

Xcel Energy Price Performance

XEL opened at $79.50 on Wednesday. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. Xcel Energy has a 12 month low of $65.21 and a 12 month high of $84.23. The company has a fifty day simple moving average of $79.82 and a 200 day simple moving average of $78.61. The stock has a market cap of $49.63 billion, a P/E ratio of 22.91, a P/E/G ratio of 2.06 and a beta of 0.41.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.84 EPS. On average, research analysts expect that Xcel Energy will post 4.11 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 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 3.0%. The ex-dividend date is Monday, June 15th. Xcel Energy’s dividend payout ratio is 68.30%.

Hedge Funds Weigh In On Xcel Energy

Large investors have recently added to or reduced their stakes in the company. Vermillion & White Wealth Management Group LLC bought a new position in shares of Xcel Energy in the 3rd quarter valued at about $27,000. Abound Wealth Management grew its holdings in shares of Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock valued at $27,000 after acquiring an additional 288 shares in the last quarter. Evolution Wealth Management Inc. grew its holdings 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 valued at $28,000 after acquiring an additional 274 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new position in shares of Xcel Energy in the 4th quarter valued at about $30,000. Finally, First Command Advisory Services Inc. bought a new position in shares of Xcel Energy in the 3rd quarter valued at about $32,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.