Xcel Energy (NASDAQ:XEL) PT Raised to $59.00

Xcel Energy (NASDAQ:XEL) had its price objective boosted by equities researchers at Evercore ISI from $54.00 to $59.00 in a report released on Friday, Benzinga reports. The firm presently has an “outperform” rating on the stock. Evercore ISI’s price objective would suggest a potential upside of 9.34% from the stock’s current price.

Other analysts have also recently issued research reports about the company. Wolfe Research upgraded Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a report on Monday, March 11th. Royal Bank of Canada increased their target price on Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a report on Tuesday, January 30th. StockNews.com cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Friday. Barclays upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and decreased their target price for the stock from $61.00 to $54.00 in a report on Monday, March 11th. Finally, TheStreet cut Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus target price of $62.58.

Xcel Energy Stock Performance

Xcel Energy stock opened at $53.96 on Friday. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.72 and a quick ratio of 0.59. The stock has a fifty day moving average price of $53.77 and a two-hundred day moving average price of $58.07. Xcel Energy has a 52-week low of $46.79 and a 52-week high of $70.72. The firm has a market capitalization of $29.97 billion, a P/E ratio of 16.81, a P/E/G ratio of 2.41 and a beta of 0.36.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, April 25th. The company reported $0.88 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.80 by $0.08. The firm had revenue of $3.65 billion during the quarter, compared to analyst estimates of $4.12 billion. Xcel Energy had a return on equity of 11.12% and a net margin of 13.36%. The business’s revenue for the quarter was down 10.6% compared to the same quarter last year. During the same period in the prior year, the company posted $0.76 earnings per share. As a group, analysts anticipate that Xcel Energy will post 3.56 EPS for the current fiscal year.

Institutional Investors Weigh In On Xcel Energy

A number of hedge funds have recently modified their holdings of XEL. Turtle Creek Wealth Advisors LLC acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $25,000. Criterion Capital Advisors LLC acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $25,000. Heritage Wealth Advisors acquired a new stake in Xcel Energy in the 4th quarter valued at approximately $25,000. Finally, Capital Analysts LLC raised its position in Xcel Energy by 293.6% in the 4th quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after buying an additional 323 shares during the last quarter. Institutional investors and hedge funds own 78.38% of the company’s stock.

About Xcel Energy

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.