KeyCorp Trims Xcel Energy (NASDAQ:XEL) Target Price to $65.00

Xcel Energy (NASDAQ:XEL) had its target price reduced by analysts at KeyCorp from $68.00 to $65.00 in a note issued to investors on Friday, Benzinga reports. The brokerage presently has an “overweight” rating on the stock. KeyCorp’s price objective suggests a potential upside of 20.91% from the stock’s current price.

XEL has been the topic of a number of other reports. TheStreet cut Xcel Energy from a “b-” rating to a “c+” rating in a research note on Thursday, March 14th. Wells Fargo & Company upped their price objective on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a report on Friday, January 26th. StockNews.com raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, April 12th. Barclays raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and dropped their price objective for the company from $61.00 to $54.00 in a report on Monday, March 11th. Finally, Royal Bank of Canada upped their price objective on shares of Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus target price of $62.83.

Xcel Energy Stock Performance

Shares of XEL opened at $53.76 on Friday. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.41. The company has a market capitalization of $29.86 billion, a price-to-earnings ratio of 16.75, a PEG ratio of 2.48 and a beta of 0.36. The stock has a 50 day moving average of $54.23 and a 200 day moving average of $58.14. Xcel Energy has a 12 month low of $46.79 and a 12 month high of $71.32.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The business had revenue of $3.44 billion for the quarter, compared to analysts’ expectations of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The business’s revenue was down 15.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.69 earnings per share. As a group, sell-side analysts forecast that Xcel Energy will post 3.56 earnings per share for the current year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. Turtle Creek Wealth Advisors LLC bought a new position in Xcel Energy during the fourth quarter valued at approximately $25,000. Criterion Capital Advisors LLC bought a new position in Xcel Energy during the fourth quarter valued at approximately $25,000. Pacific Capital Wealth Advisors Inc. bought a new position in Xcel Energy during the fourth quarter valued at approximately $25,000. Heritage Wealth Advisors bought a new position in Xcel Energy during the fourth quarter valued at approximately $25,000. Finally, Capital Analysts LLC grew its position in Xcel Energy by 293.6% during the fourth quarter. Capital Analysts LLC now owns 433 shares of the company’s stock valued at $26,000 after acquiring an additional 323 shares during the last quarter. 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.