Xcel Energy (NASDAQ:XEL) Given New $91.00 Price Target at Mizuho

Xcel Energy (NASDAQ:XEL) had its target price reduced by analysts at Mizuho from $94.00 to $91.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s target price suggests a potential upside of 13.94% from the company’s current price.

Other analysts have also issued reports about the stock. Evercore restated an “outperform” rating and issued a $96.00 price objective on shares of Xcel Energy in a report on Monday, May 4th. Truist Financial decreased their price objective on Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a report on Monday, May 18th. BMO Capital Markets raised their target price on shares of Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. dropped their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating on the stock in a research note on Thursday, May 14th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus target price of $90.94.

Xcel Energy Trading Up 1.3%

NASDAQ XEL traded up $1.06 during trading on Tuesday, hitting $79.87. 530,742 shares of the company’s stock traded hands, compared to its average volume of 5,187,580. The stock has a fifty day moving average of $79.40 and a two-hundred day moving average of $78.32. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. Xcel Energy has a 12-month low of $66.56 and a 12-month high of $84.23. The firm has a market cap of $49.86 billion, a P/E ratio of 22.98, a PEG ratio of 2.01 and a beta of 0.39.

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

Hedge Funds Weigh In On Xcel Energy

Several institutional investors and hedge funds have recently bought and sold shares of the stock. Brighton Jones LLC bought a new position in shares of Xcel Energy during the 4th quarter valued at approximately $240,000. Empowered Funds LLC boosted its position in shares of Xcel Energy by 30.7% in the first quarter. Empowered Funds LLC now owns 13,810 shares of the company’s stock worth $978,000 after purchasing an additional 3,242 shares during the period. Woodline Partners LP increased its stake in shares of Xcel Energy by 40.7% in the first quarter. Woodline Partners LP now owns 48,515 shares of the company’s stock worth $3,434,000 after purchasing an additional 14,029 shares in the last quarter. Brown Advisory Inc. raised its position in shares of Xcel Energy by 4.8% during the 2nd quarter. Brown Advisory Inc. now owns 10,193 shares of the company’s stock valued at $694,000 after purchasing an additional 469 shares during the period. Finally, Cary Street Partners Financial LLC lifted its stake in shares of Xcel Energy by 16.0% during the 2nd quarter. Cary Street Partners Financial LLC now owns 2,620 shares of the company’s stock valued at $178,000 after buying an additional 362 shares in the last quarter. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.