Xcel Energy (NASDAQ:XEL) Price Target Raised to $94.00

Xcel Energy (NASDAQ:XEL) had its price objective upped by Barclays from $85.00 to $94.00 in a report issued on Monday morning,Benzinga reports. They currently have an overweight rating on the stock.

Other research analysts have also recently issued reports about the stock. Truist Financial cut their price target on shares of Xcel Energy from $88.00 to $87.00 and set a “buy” rating on the stock in a report on Wednesday, October 14th. BTIG Research set a $92.00 price objective on shares of Xcel Energy in a research note on Friday, October 30th. Weiss Ratings cut shares of Xcel Energy from a “buy (b)” rating to a “buy (b-)” rating in a research report on Monday, October 19th. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, October 31st. Finally, The Goldman Sachs Group decreased their price target on Xcel Energy from $95.00 to $93.00 in a research report on Thursday, October 15th. One analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has assigned a Hold rating to the company. According to data from MarketBeat.com, Xcel Energy has an average rating of “Buy” and a consensus price target of $90.71.

Xcel Energy Stock Up 2.2%

XEL stock opened at $80.50 on Monday. Xcel Energy has a twelve month low of $68.72 and a twelve month high of $84.23. The company has a quick ratio of 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 1.43. The stock’s 50 day moving average is $74.84 and its 200-day moving average is $78.25. The firm has a market capitalization of $51.67 billion, a PE ratio of 18.23, a P/E/G ratio of 3.81 and a beta of 0.34.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Wednesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.39 by $0.13. Xcel Energy had a return on equity of 11.10% and a net margin of 17.94%. The company had revenue of $4.17 billion for the quarter, compared to analysts’ expectations of $4.26 billion. During the same quarter in the previous year, the firm earned $1.24 earnings per share. Xcel Energy’s quarterly revenue was up 6.6% on a year-over-year basis. Sell-side analysts expect that Xcel Energy will post 4.14 EPS for the current fiscal year.

Hedge Funds Weigh In On Xcel Energy

Several institutional investors and hedge funds have recently bought and sold shares of the company. Pin Oak Investment Advisors Inc. purchased a new position in Xcel Energy in the 2nd quarter worth approximately $29,000. James T. Borello RIA grew its holdings in Xcel Energy by 59.6% during the 3rd quarter. James T. Borello RIA now owns 367 shares of the company’s stock valued at $26,000 after buying an additional 137 shares in the last quarter. GK Wealth Management LLC purchased a new stake in Xcel Energy during the 3rd quarter valued at approximately $28,000. First Bancorp Inc ME bought a new stake in shares of Xcel Energy during the second quarter valued at approximately $36,000. Finally, Cedar Mountain Advisors LLC bought a new stake in shares of Xcel Energy during the first quarter valued at approximately $39,000. 78.38% of the stock is owned by institutional investors.

Xcel Energy Company Profile

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.