Xcel Energy (NASDAQ:XEL) Earns “Hold (C+)” Rating from Weiss Ratings

Xcel Energy (NASDAQ:XEL)‘s stock had its “hold (c+)” rating restated by stock analysts at Weiss Ratings in a research note issued on Wednesday,Weiss Ratings reports.

A number of other research analysts also recently commented on XEL. Mizuho set a $83.00 price target on shares of Xcel Energy in a report on Thursday, September 25th. Barclays increased their price target on shares of Xcel Energy from $72.00 to $81.00 and gave the company an “overweight” rating in a report on Monday, September 29th. Bank of America increased their price target on shares of Xcel Energy from $78.00 to $84.00 and gave the company a “buy” rating in a report on Thursday, September 25th. Morgan Stanley lowered their price target on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating for the company in a report on Thursday, September 25th. Finally, Evercore ISI assumed coverage on shares of Xcel Energy in a report on Monday. They issued an “outperform” rating and a $92.00 price target for the company. Nine analysts have rated the stock with a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $81.73.

Xcel Energy Trading Down 0.7%

Shares of Xcel Energy stock opened at $81.26 on Wednesday. The firm has a market cap of $48.06 billion, a price-to-earnings ratio of 22.51, a PEG ratio of 2.76 and a beta of 0.37. The business has a 50-day moving average price of $74.50 and a 200-day moving average price of $71.21. The company has a quick ratio of 0.85, a current ratio of 0.96 and a debt-to-equity ratio of 1.48. Xcel Energy has a twelve month low of $62.12 and a twelve month high of $82.54.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings data on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, beating analysts’ consensus estimates of $0.66 by $0.09. Xcel Energy had a return on equity of 10.52% and a net margin of 14.85%.The firm had revenue of $3.29 billion during the quarter, compared to analyst estimates of $3.31 billion. During the same quarter last year, the business posted $0.54 earnings per share. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. Equities research analysts anticipate that Xcel Energy will post 3.82 EPS for the current fiscal year.

Hedge Funds Weigh In On Xcel Energy

Institutional investors have recently modified their holdings of the stock. Twin Peaks Wealth Advisors LLC purchased a new position in shares of Xcel Energy during the second quarter worth approximately $25,000. Accent Capital Management LLC purchased a new position in Xcel Energy during the first quarter valued at approximately $29,000. Clearstead Trust LLC raised its stake in Xcel Energy by 202.2% in the second quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock worth $28,000 after buying an additional 279 shares in the last quarter. BankPlus Trust Department purchased a new stake in Xcel Energy during the first quarter worth $34,000. Finally, Rise Advisors LLC boosted its position in Xcel Energy by 62.9% during the 2nd quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after acquiring an additional 200 shares in the last quarter. 78.38% of the stock is owned by hedge funds and other institutional investors.

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.