Xcel Energy (NASDAQ:XEL - Get Free Report) was downgraded by investment analysts at StockNews.com from a "hold" rating to a "sell" rating in a report released on Tuesday.
A number of other research firms have also issued reports on XEL. Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. BMO Capital Markets upped their price objective on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Barclays lifted their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research report on Tuesday, April 22nd. Morgan Stanley set a $79.00 price target on Xcel Energy and gave the company an "outperform" rating in a research note on Wednesday, April 23rd. Finally, UBS Group raised their price objective on Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research report on Tuesday, April 1st. One research analyst has rated the stock with a sell rating, two have assigned a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $76.00.
Get Our Latest Research Report on XEL
Xcel Energy Stock Performance
Shares of NASDAQ XEL opened at $72.21 on Tuesday. The business's 50-day simple moving average is $69.80 and its 200-day simple moving average is $68.81. Xcel Energy has a 52 week low of $51.97 and a 52 week high of $73.38. 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 market cap of $41.65 billion, a price-to-earnings ratio of 20.99, a P/E/G ratio of 2.62 and a beta of 0.38.
Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $0.84 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the business earned $0.88 EPS. The company's revenue for the quarter was up 7.0% on a year-over-year basis. As a group, equities research analysts expect that Xcel Energy will post 3.82 earnings per share for the current fiscal year.
Insider Transactions at Xcel Energy
In other news, Director Devin W. Stockfish acquired 2,170 shares of Xcel Energy stock in a transaction on Tuesday, March 11th. The shares were purchased at an average price of $68.93 per share, with a total value of $149,578.10. Following the acquisition, the director now owns 3,007 shares in the company, valued at $207,272.51. This represents a 259.26% increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Company insiders own 0.09% of the company's stock.
Institutional Inflows and Outflows
Several hedge funds have recently modified their holdings of XEL. Dakota Wealth Management lifted its stake in Xcel Energy by 0.7% in the fourth quarter. Dakota Wealth Management now owns 23,130 shares of the company's stock valued at $1,562,000 after buying an additional 151 shares during the period. Rothschild Investment LLC grew its holdings in shares of Xcel Energy by 26.0% in the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock valued at $49,000 after buying an additional 151 shares during the period. GenTrust LLC increased its position in shares of Xcel Energy by 4.5% in the 4th quarter. GenTrust LLC now owns 3,602 shares of the company's stock valued at $243,000 after buying an additional 155 shares in the last quarter. Creative Financial Designs Inc. ADV raised its stake in Xcel Energy by 23.2% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 827 shares of the company's stock worth $56,000 after buying an additional 156 shares during the period. Finally, Integris Wealth Management LLC lifted its holdings in Xcel Energy by 2.6% during the fourth quarter. Integris Wealth Management LLC now owns 6,323 shares of the company's stock worth $427,000 after acquiring an additional 160 shares in the last quarter. Institutional investors own 78.38% of the company's stock.
About Xcel Energy
(
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.
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