Analysts Set Xcel Energy Inc. (NASDAQ:XEL) Target Price at $90.63

Xcel Energy Inc. (NASDAQ:XEL) has been assigned a consensus rating of “Buy” from the seventeen ratings firms that are presently covering the company, Marketbeat reports. One equities research analyst has rated the stock with a sell recommendation, fourteen have assigned a buy recommendation and two have assigned a strong buy recommendation to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $91.2941.

Several equities research analysts have issued reports on the company. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Xcel Energy in a report on Wednesday, June 17th. New Street Research set a $91.00 price target on Xcel Energy in a report on Tuesday. Morgan Stanley set a $89.00 price target on Xcel Energy in a report on Wednesday. Wall Street Zen downgraded Xcel Energy from a “hold” rating to a “sell” rating in a report on Saturday, May 9th. Finally, Truist Financial lowered their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating on the stock in a research report on Monday, May 18th.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of XEL. Barclays PLC grew its position in Xcel Energy by 63.6% in the fourth quarter. Barclays PLC now owns 9,979,397 shares of the company’s stock valued at $737,078,000 after acquiring an additional 3,881,011 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Xcel Energy by 16.9% during the fourth quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock valued at $1,814,920,000 after purchasing an additional 3,546,423 shares in the last quarter. Bank of America Corp DE boosted its stake in shares of Xcel Energy by 9.9% during the third quarter. Bank of America Corp DE now owns 28,851,485 shares of the company’s stock valued at $2,326,872,000 after purchasing an additional 2,589,406 shares in the last quarter. Pictet Asset Management Holding SA boosted its stake in shares of Xcel Energy by 37.1% during the first quarter. Pictet Asset Management Holding SA now owns 8,871,863 shares of the company’s stock valued at $704,780,000 after purchasing an additional 2,399,089 shares in the last quarter. Finally, Boston Partners boosted its stake in shares of Xcel Energy by 4,530.7% during the fourth quarter. Boston Partners now owns 2,024,541 shares of the company’s stock valued at $149,538,000 after purchasing an additional 1,980,821 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Price Performance

Shares of XEL opened at $82.23 on Friday. The stock has a market capitalization of $51.33 billion, a P/E ratio of 23.70, a P/E/G ratio of 2.14 and a beta of 0.39. Xcel Energy has a twelve month low of $66.56 and a twelve month high of $84.23. The company has a 50 day moving average of $79.49 and a 200-day moving average of $78.42. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, hitting the consensus estimate of $0.91. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business’s quarterly revenue was up 2.9% on a year-over-year basis. During the same period last year, the business earned $0.84 EPS. As a group, equities research analysts forecast that Xcel Energy will post 4.11 EPS for the current fiscal year.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be given a $0.5925 dividend. The ex-dividend date is Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a dividend yield of 2.9%. Xcel Energy’s dividend payout ratio (DPR) is presently 68.30%.

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.