Brokerages Set Xcel Energy Inc. (NASDAQ:XEL) PT at $92.00

Xcel Energy Inc. (NASDAQ:XEL) has been given a consensus rating of “Buy” by the seventeen analysts that are presently covering the firm, Marketbeat.com reports. One research analyst has rated the stock with a sell rating, fourteen have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $92.6471.

A number of research firms have recently commented on XEL. Jefferies Financial Group set a $101.00 price target on Xcel Energy in a research report on Tuesday, July 7th. BTIG Research reiterated a “buy” rating and issued a $98.00 price objective on shares of Xcel Energy in a research report on Friday, June 26th. Truist Financial increased their target price on Xcel Energy from $92.00 to $94.00 and gave the stock a “buy” rating in a research note on Thursday, July 16th. Weiss Ratings restated a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, June 17th. Finally, Morgan Stanley set a $89.00 price target on shares of Xcel Energy in a research note on Wednesday, June 24th.

Hedge Funds Weigh In On Xcel Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Vermillion & White Wealth Management Group LLC bought a new stake in shares of Xcel Energy in the third quarter valued at about $27,000. Abound Wealth Management boosted its position in shares of Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after buying an additional 288 shares during the period. Evolution Wealth Management Inc. grew its holdings in shares of Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after buying an additional 274 shares in the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $30,000. Finally, Beacon Financial Strategies CORP acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $33,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Price Performance

Shares of XEL stock opened at $80.19 on Thursday. 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 $69.16 and a 12-month high of $84.23. The firm has a fifty day moving average of $79.50 and a 200-day moving average of $79.20. The firm has a market capitalization of $50.06 billion, a price-to-earnings ratio of 23.11, a price-to-earnings-growth ratio of 2.05 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting the consensus estimate of $0.91. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The firm’s revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS. On average, equities research analysts forecast that Xcel Energy will post 4.11 earnings per share for the current year.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, July 20th. Investors of record on Monday, June 15th were issued a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.0%. The ex-dividend date was Monday, June 15th. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.

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.