Barclays Increases Xcel Energy (NASDAQ:XEL) Price Target to $57.00

Xcel Energy (NASDAQ:XEL) had its price objective boosted by Barclays from $56.00 to $57.00 in a note issued to investors on Tuesday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s target price points to a potential upside of 5.99% from the stock’s previous close.

Several other brokerages have also recently issued reports on XEL. JPMorgan Chase & Co. decreased their target price on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating on the stock in a research report on Wednesday, March 13th. Wells Fargo & Company upped their target price on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Wolfe Research upgraded shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price on the stock in a research report on Monday, March 11th. Evercore ISI upped their target price on shares of Xcel Energy from $54.00 to $59.00 and gave the company an “outperform” rating in a research report on Friday, April 26th. Finally, StockNews.com lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Friday, April 26th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $62.83.

Xcel Energy Stock Up 0.1 %

Shares of XEL stock opened at $53.78 on Tuesday. The stock has a market cap of $29.88 billion, a P/E ratio of 16.15, a PEG ratio of 2.39 and a beta of 0.36. Xcel Energy has a 52 week low of $46.79 and a 52 week high of $70.11. The company has a quick ratio of 0.74, a current ratio of 0.86 and a debt-to-equity ratio of 1.48. The company’s fifty day simple moving average is $53.45 and its two-hundred day simple moving average is $57.97.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, April 25th. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a net margin of 13.36% and a return on equity of 11.03%. The business’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.76 EPS. Analysts predict that Xcel Energy will post 3.56 EPS for the current fiscal year.

Hedge Funds Weigh In On Xcel Energy

A number of hedge funds and other institutional investors have recently modified their holdings of XEL. Capstone Investment Advisors LLC boosted its stake in Xcel Energy by 89.3% in the first quarter. Capstone Investment Advisors LLC now owns 22,287 shares of the company’s stock valued at $1,198,000 after acquiring an additional 10,514 shares in the last quarter. Janney Montgomery Scott LLC boosted its stake in Xcel Energy by 4.0% in the first quarter. Janney Montgomery Scott LLC now owns 101,681 shares of the company’s stock valued at $5,465,000 after acquiring an additional 3,948 shares in the last quarter. BNP Paribas Financial Markets boosted its stake in Xcel Energy by 15.5% in the first quarter. BNP Paribas Financial Markets now owns 1,317,349 shares of the company’s stock valued at $70,808,000 after acquiring an additional 176,496 shares in the last quarter. Ballast Advisors LLC boosted its stake in Xcel Energy by 28.4% in the first quarter. Ballast Advisors LLC now owns 5,304 shares of the company’s stock valued at $285,000 after acquiring an additional 1,174 shares in the last quarter. Finally, Norden Group LLC acquired a new stake in Xcel Energy in the first quarter valued at approximately $3,584,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Company Profile

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.