Xcel Energy (NASDAQ:XEL) Stock Price Expected to Rise, Barclays Analyst Says

Xcel Energy (NASDAQ:XEL) had its price target raised by Barclays from $85.00 to $94.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. Barclays‘s price objective points to a potential upside of 18.49% from the stock’s previous close.

Other equities research analysts have also recently issued research reports about the company. Mizuho set a $92.00 price objective on Xcel Energy and gave the stock an “outperform” rating in a research note on Friday, July 31st. Weiss Ratings cut shares of Xcel Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Jefferies Financial Group restated a “buy” rating and set a $99.00 target price (down from $101.00) on shares of Xcel Energy in a report on Tuesday, October 20th. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday. Finally, KeyCorp dropped their price target on shares of Xcel Energy from $90.00 to $87.00 and set an “overweight” rating on the stock in a research report on Tuesday, October 13th. One analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has assigned a Hold rating to the stock. Based on data from MarketBeat.com, Xcel Energy currently has an average rating of “Buy” and a consensus target price of $90.78.

Xcel Energy Stock Down 0.6%

Shares of NASDAQ:XEL traded down $0.49 during midday trading on Monday, reaching $79.33. The company had a trading volume of 16,239,494 shares, compared to its average volume of 5,291,117. The company has a quick ratio of 0.61, a current ratio of 0.69 and a debt-to-equity ratio of 1.43. The business’s 50 day moving average price is $74.68 and its 200 day moving average price is $78.19. The stock has a market cap of $50.92 billion, a PE ratio of 18.49, a P/E/G ratio of 2.65 and a beta of 0.34. Xcel Energy has a 1-year low of $68.72 and a 1-year high of $84.23.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, October 28th. The company reported $1.52 EPS for the quarter, beating the consensus estimate of $1.39 by $0.13. Xcel Energy had a return on equity of 11.10% and a net margin of 17.94%. The firm had revenue of $4.17 billion during the quarter, compared to analysts’ expectations of $4.26 billion. During the same period in the prior year, the firm posted $1.24 earnings per share. The business’s quarterly revenue was up 6.6% compared to the same quarter last year. Research analysts forecast that Xcel Energy will post 4.13 EPS for the current fiscal year.

Institutional Trading of Xcel Energy

Several institutional investors and hedge funds have recently bought and sold shares of XEL. Pin Oak Investment Advisors Inc. acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $29,000. James T. Borello RIA boosted its stake in shares of Xcel Energy by 59.6% during the 3rd quarter. James T. Borello RIA now owns 367 shares of the company’s stock worth $26,000 after acquiring an additional 137 shares during the period. GK Wealth Management LLC acquired a new position in shares of Xcel Energy during the 3rd quarter worth approximately $28,000. First Bancorp Inc ME acquired a new position in shares of Xcel Energy during the 2nd quarter worth approximately $36,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Xcel Energy during the 1st quarter worth approximately $39,000. Institutional investors own 78.38% of the company’s stock.

About Xcel Energy

Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.

The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.