Xcel Energy (NASDAQ:XEL) Price Target Increased to $68.00 by Analysts at Morgan Stanley

Xcel Energy (NASDAQ:XELGet Rating) had its target price increased by Morgan Stanley from $67.00 to $68.00 in a research note released on Monday morning, Benzinga reports. They currently have an equal weight rating on the stock.

A number of other equities research analysts have also weighed in on XEL. JPMorgan Chase & Co. lowered their target price on Xcel Energy from $86.00 to $72.00 and set an overweight rating for the company in a research note on Tuesday, October 18th. BMO Capital Markets lowered their target price on Xcel Energy from $80.00 to $71.00 and set an outperform rating for the company in a research note on Wednesday, October 5th. UBS Group boosted their target price on Xcel Energy to $68.00 in a research note on Monday, November 21st. StockNews.com started coverage on Xcel Energy in a research note on Wednesday, October 12th. They issued a hold rating for the company. Finally, Credit Suisse Group lowered Xcel Energy from an outperform rating to a neutral rating and set a $68.00 target price for the company. in a research note on Monday, November 21st. Five research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, Xcel Energy presently has a consensus rating of Moderate Buy and an average price target of $70.73.

Xcel Energy Stock Down 0.8 %

Shares of XEL stock opened at $68.01 on Monday. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.86 and a current ratio of 1.04. The business’s 50-day moving average price is $69.95. Xcel Energy has a 12-month low of $56.89 and a 12-month high of $77.66. The company has a market capitalization of $37.22 billion, a price-to-earnings ratio of 22.23, a P/E/G ratio of 3.15 and a beta of 0.40.

Xcel Energy (NASDAQ:XELGet Rating) last issued its quarterly earnings results on Thursday, October 27th. The company reported $1.18 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.20 by ($0.02). Xcel Energy had a return on equity of 10.50% and a net margin of 11.44%. The firm had revenue of $4.08 billion for the quarter, compared to the consensus estimate of $3.60 billion. As a group, research analysts expect that Xcel Energy will post 3.16 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, January 20th. Investors of record on Thursday, December 29th were issued a dividend of $0.4875 per share. The ex-dividend date was Wednesday, December 28th. This represents a $1.95 dividend on an annualized basis and a yield of 2.87%. Xcel Energy’s dividend payout ratio is presently 63.73%.

Insider Activity at Xcel Energy

In other Xcel Energy news, SVP Frank P. Prager sold 1,138 shares of the company’s stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $68.48, for a total transaction of $77,930.24. Following the transaction, the senior vice president now owns 28,036 shares in the company, valued at approximately $1,919,905.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.05% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in the company. CAPROCK Group Inc. purchased a new position in shares of Xcel Energy during the 4th quarter worth approximately $304,000. Ceredex Value Advisors LLC boosted its position in shares of Xcel Energy by 16.9% in the 4th quarter. Ceredex Value Advisors LLC now owns 1,035,850 shares of the company’s stock worth $73,128,000 after purchasing an additional 149,850 shares in the last quarter. High Note Wealth LLC bought a new stake in shares of Xcel Energy in the 4th quarter worth approximately $206,000. Avestar Capital LLC boosted its position in shares of Xcel Energy by 6.9% in the 4th quarter. Avestar Capital LLC now owns 4,483 shares of the company’s stock worth $314,000 after purchasing an additional 291 shares in the last quarter. Finally, Thompson Investment Management Inc. boosted its position in shares of Xcel Energy by 107.3% in the 4th quarter. Thompson Investment Management Inc. now owns 11,399 shares of the company’s stock worth $799,000 after purchasing an additional 5,900 shares in the last quarter. Hedge funds and other institutional investors own 77.15% of the company’s stock.

About Xcel Energy

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Xcel Energy, Inc operates as a holding company engaged in the generation, purchase, transmission, distribution, and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits, and distributes electricity primarily in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas, and New Mexico.

Further Reading

Analyst Recommendations for Xcel Energy (NASDAQ:XEL)

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