Xcel Energy Inc. (NYSE:XEL) was downgraded by equities research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report issued on Thursday, July 6th.

Several other research firms also recently commented on XEL. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a report on Thursday, June 22nd. Jefferies Group LLC reaffirmed a “hold” rating and set a $48.00 price target on shares of Xcel Energy in a report on Friday, June 9th. Argus raised their price target on Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a report on Wednesday, June 14th. Mizuho began coverage on Xcel Energy in a report on Wednesday, April 19th. They set a “neutral” rating and a $44.00 price target for the company. Finally, Deutsche Bank AG raised their price target on Xcel Energy from $45.00 to $46.00 and gave the company a “hold” rating in a report on Friday, April 28th. Nine research analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Xcel Energy presently has a consensus rating of “Hold” and a consensus target price of $46.73.

Xcel Energy (NYSE XEL) traded down 0.29% during mid-day trading on Thursday, reaching $47.97. 1,743,469 shares of the company’s stock were exchanged. The stock has a 50-day moving average price of $46.71 and a 200 day moving average price of $44.79. Xcel Energy has a 52-week low of $38.00 and a 52-week high of $48.50. The company has a market cap of $24.36 billion, a PE ratio of 21.18 and a beta of 0.19.

Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, beating the consensus estimate of $0.43 by $0.02. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The firm’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.39 EPS. Equities analysts predict that Xcel Energy will post $2.20 earnings per share for the current fiscal year.

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In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of Xcel Energy stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $47.25, for a total value of $472,500.00. Following the transaction, the executive vice president now owns 80,221 shares in the company, valued at $3,790,442.25. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its position in Xcel Energy by 2,692.8% in the first quarter. BlackRock Inc. now owns 41,639,955 shares of the utilities provider’s stock worth $1,850,897,000 after buying an additional 40,148,954 shares in the last quarter. Vanguard Group Inc. boosted its position in Xcel Energy by 3.4% in the first quarter. Vanguard Group Inc. now owns 35,162,997 shares of the utilities provider’s stock worth $1,562,996,000 after buying an additional 1,152,946 shares in the last quarter. FMR LLC boosted its position in Xcel Energy by 10.2% in the first quarter. FMR LLC now owns 17,771,752 shares of the utilities provider’s stock worth $789,955,000 after buying an additional 1,644,276 shares in the last quarter. Wellington Management Group LLP boosted its position in Xcel Energy by 2.0% in the first quarter. Wellington Management Group LLP now owns 11,536,713 shares of the utilities provider’s stock worth $512,808,000 after buying an additional 222,533 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in Xcel Energy by 6.9% in the first quarter. Geode Capital Management LLC now owns 5,063,694 shares of the utilities provider’s stock worth $224,766,000 after buying an additional 325,049 shares in the last quarter. Hedge funds and other institutional investors own 72.17% of the company’s stock.

About Xcel Energy

Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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