Xcel Energy (NASDAQ:XEL) Price Target Raised to $102.00

Xcel Energy (NASDAQ:XEL) had its price objective boosted by equities research analysts at JPMorgan Chase & Co. from $91.00 to $102.00 in a research report issued on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would suggest a potential upside of 27.80% from the stock’s current price.

XEL has been the subject of a number of other reports. Morgan Stanley set a $89.00 target price on Xcel Energy in a research report on Wednesday, June 24th. UBS Group upped their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research note on Monday, April 20th. Jefferies Financial Group set a $101.00 price objective on shares of Xcel Energy in a research report on Tuesday, July 7th. Weiss Ratings reissued a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Finally, Barclays boosted their target price on shares of Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a report on Thursday, July 9th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Buy” and a consensus price target of $92.76.

Xcel Energy Price Performance

Shares of NASDAQ:XEL traded up $0.56 during mid-day trading on Thursday, reaching $79.81. The stock had a trading volume of 2,939,715 shares, compared to its average volume of 5,210,575. The business’s 50 day moving average price is $79.58 and its 200 day moving average price is $79.01. Xcel Energy has a 1 year low of $68.97 and a 1 year high of $84.23. The company has a market cap of $49.82 billion, a P/E ratio of 23.00, a price-to-earnings-growth ratio of 2.08 and a beta of 0.39. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share for the quarter, meeting the consensus estimate of $0.91. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. During the same quarter last year, the business posted $0.84 EPS. The firm’s revenue for the quarter was up 2.9% compared to the same quarter last year. Research analysts expect that Xcel Energy will post 4.11 EPS for the current fiscal year.

Institutional Trading of Xcel Energy

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Quadrant Capital Group LLC lifted its holdings in shares of Xcel Energy by 1.7% in the 3rd quarter. Quadrant Capital Group LLC now owns 7,358 shares of the company’s stock valued at $593,000 after buying an additional 125 shares during the period. Bleakley Financial Group LLC grew its holdings in Xcel Energy by 0.5% during the fourth quarter. Bleakley Financial Group LLC now owns 28,949 shares of the company’s stock worth $2,138,000 after acquiring an additional 131 shares during the period. Hills Bank & Trust Co raised its position in Xcel Energy by 2.2% during the fourth quarter. Hills Bank & Trust Co now owns 6,184 shares of the company’s stock valued at $457,000 after acquiring an additional 133 shares in the last quarter. Keel Point LLC raised its position in Xcel Energy by 2.6% during the fourth quarter. Keel Point LLC now owns 5,485 shares of the company’s stock valued at $405,000 after acquiring an additional 137 shares in the last quarter. Finally, KCM Investment Advisors LLC lifted its holdings in Xcel Energy by 1.9% in the first quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock valued at $600,000 after acquiring an additional 140 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About Xcel Energy

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.