Xcel Energy (NASDAQ:XEL) Price Target Cut to $89.00 by Analysts at UBS Group

Xcel Energy (NASDAQ:XEL) had its target price decreased by analysts at UBS Group from $93.00 to $89.00 in a research report issued on Tuesday,Benzinga reports. The brokerage presently has a “buy” rating on the stock. UBS Group’s price target suggests a potential upside of 13.68% from the stock’s current price.

Other equities research analysts have also recently issued reports about the company. KeyCorp lowered their price objective on Xcel Energy from $85.00 to $84.00 and set an “overweight” rating on the stock in a report on Friday, December 12th. Morgan Stanley set a $91.00 price objective on shares of Xcel Energy in a research note on Friday, February 20th. Mizuho set a $86.00 price objective on Xcel Energy in a research report on Friday, January 9th. BTIG Research set a $94.00 price target on Xcel Energy in a report on Friday, January 30th. Finally, Barclays dropped their target price on shares of Xcel Energy from $85.00 to $82.00 and set an “overweight” rating on the stock in a research report on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Buy” and a consensus price target of $88.44.

Xcel Energy Stock Up 1.7%

Shares of XEL traded up $1.34 during midday trading on Tuesday, reaching $78.29. 303,554 shares of the stock were exchanged, compared to its average volume of 5,012,213. Xcel Energy has a 52 week low of $65.21 and a 52 week high of $84.23. The company’s 50 day moving average is $79.07 and its two-hundred day moving average is $78.06. The company has a market capitalization of $48.84 billion, a P/E ratio of 22.90, a PEG ratio of 2.10 and a beta of 0.45. The company has a current ratio of 0.71, a quick ratio of 0.60 and a debt-to-equity ratio of 1.35.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Wednesday, February 4th. The company reported $0.96 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.96. Xcel Energy had a return on equity of 10.46% and a net margin of 13.76%.The company had revenue of $3.56 billion for the quarter, compared to the consensus estimate of $3.77 billion. During the same quarter last year, the company earned $0.81 earnings per share. The firm’s revenue for the quarter was up 14.1% compared to the same quarter last year. On average, sell-side analysts anticipate that Xcel Energy will post 3.82 earnings per share for the current year.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in the stock. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Xcel Energy during the second quarter valued at approximately $25,000. ORG Partners LLC lifted its holdings in shares of Xcel Energy by 168.4% in the third quarter. ORG Partners LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares in the last quarter. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Xcel Energy in the third quarter worth $27,000. Abound Wealth Management boosted its position in shares of Xcel Energy by 394.5% in the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after buying an additional 288 shares during the period. Finally, Garton & Associates Financial Advisors LLC purchased a new position in shares of Xcel Energy during the fourth quarter valued at $30,000. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.