Xcel Energy (NASDAQ:XEL - Get Free Report) had its price objective hoisted by investment analysts at Barclays from $72.00 to $73.00 in a research report issued to clients and investors on Tuesday, Marketbeat.com reports. The firm presently has an "overweight" rating on the stock. Barclays's price target would suggest a potential upside of 5.80% from the stock's current price.
XEL has been the subject of a number of other reports. Wells Fargo & Company upped their price target on Xcel Energy from $72.00 to $75.00 and gave the company an "overweight" rating in a research report on Friday, February 7th. Morgan Stanley raised their target price on Xcel Energy from $75.00 to $78.00 and gave the stock an "equal weight" rating in a research note on Thursday, March 20th. Finally, UBS Group boosted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the company a "neutral" rating in a research report on Tuesday, April 1st. Three analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to MarketBeat, Xcel Energy has a consensus rating of "Moderate Buy" and a consensus target price of $74.60.
Check Out Our Latest Analysis on XEL
Xcel Energy Stock Performance
Shares of XEL traded down $1.29 during trading hours on Tuesday, hitting $69.00. The stock had a trading volume of 4,816,832 shares, compared to its average volume of 3,592,024. The firm has a market capitalization of $39.74 billion, a price-to-earnings ratio of 20.06, a PEG ratio of 2.62 and a beta of 0.39. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm has a 50-day moving average price of $69.58 and a 200 day moving average price of $68.06. Xcel Energy has a fifty-two week low of $51.97 and a fifty-two week high of $73.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.95 by ($0.11). Xcel Energy had a net margin of 14.40% and a return on equity of 10.65%. The company had revenue of $3.91 billion during the quarter, compared to analyst estimates of $3.93 billion. As a group, research analysts anticipate that Xcel Energy will post 3.82 EPS for the current year.
Insiders Place Their Bets
In other Xcel Energy news, Director Devin W. Stockfish purchased 2,170 shares of the company's stock in a transaction on Tuesday, March 11th. The stock was acquired at an average price of $68.93 per share, for a total transaction of $149,578.10. Following the completion of the purchase, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.09% of the company's stock.
Institutional Inflows and Outflows
Hedge funds have recently made changes to their positions in the business. Mather Group LLC. increased its stake in Xcel Energy by 143.1% in the first quarter. Mather Group LLC. now owns 8,284 shares of the company's stock valued at $586,000 after purchasing an additional 4,876 shares during the last quarter. Alta Advisers Ltd acquired a new stake in shares of Xcel Energy during the first quarter worth about $218,000. Amalgamated Bank grew its stake in Xcel Energy by 1.0% during the 1st quarter. Amalgamated Bank now owns 113,366 shares of the company's stock worth $8,025,000 after buying an additional 1,090 shares during the last quarter. Essex Financial Services Inc. grew its position in shares of Xcel Energy by 7.1% during the first quarter. Essex Financial Services Inc. now owns 3,803 shares of the company's stock worth $269,000 after acquiring an additional 252 shares during the last quarter. Finally, KBC Group NV boosted its stake in Xcel Energy by 3.9% during the 1st quarter. KBC Group NV now owns 47,909 shares of the company's stock worth $3,391,000 after purchasing an additional 1,811 shares during the period. Hedge funds and other institutional investors own 78.38% of the company's stock.
Xcel Energy Company Profile
(
Get Free Report)
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.
Read More
Before you consider Xcel Energy, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Xcel Energy wasn't on the list.
While Xcel Energy currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
If a company's CEO, COO, and CFO were all selling shares of their stock, would you want to know? MarketBeat just compiled its list of the twelve stocks that corporate insiders are abandoning. Complete the form below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
