Xcel Energy (NASDAQ:XEL) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Xcel Energy (NASDAQ:XEL) from a sell rating to a hold rating in a research note published on Sunday morning,Wall Street Zen reports.

XEL has been the topic of several other research reports. The Goldman Sachs Group lowered their target price on shares of Xcel Energy from $95.00 to $93.00 in a research note on Thursday, October 15th. Royal Bank Of Canada set a $86.00 price objective on shares of Xcel Energy in a report on Tuesday, October 20th. Truist Financial lowered their price objective on shares of Xcel Energy from $88.00 to $87.00 and set a “buy” rating on the stock in a research note on Wednesday, October 14th. Barclays raised their price objective on shares of Xcel Energy from $85.00 to $94.00 and gave the company an “overweight” rating in a research note on Monday, November 2nd. Finally, Scotiabank started coverage on Xcel Energy in a report on Tuesday, September 29th. They set a “sector outperform” rating and a $77.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, fifteen have given a Buy rating and one has given a Hold rating to the stock. According to MarketBeat.com, Xcel Energy currently has a consensus rating of “Buy” and an average price target of $90.71.

Xcel Energy Stock Down 0.1%

Shares of Xcel Energy stock opened at $80.12 on Friday. The business’s fifty day moving average price is $75.10 and its two-hundred day moving average price is $78.33. The company has a debt-to-equity ratio of 1.43, a current ratio of 0.69 and a quick ratio of 0.61. The company has a market capitalization of $51.43 billion, a P/E ratio of 18.56, a PEG ratio of 2.59 and a beta of 0.34. Xcel Energy has a 1-year low of $68.72 and a 1-year high of $84.23.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Wednesday, October 28th. The company reported $1.52 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.39 by $0.13. The company had revenue of $4.17 billion during the quarter, compared to analyst estimates of $4.26 billion. Xcel Energy had a return on equity of 11.10% and a net margin of 17.94%. The firm’s quarterly revenue was up 6.6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.24 EPS. As a group, research analysts forecast that Xcel Energy will post 4.14 EPS for the current year.

Institutional Trading of Xcel Energy

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Pin Oak Investment Advisors Inc. acquired a new position in shares of Xcel Energy in the 2nd quarter valued at $29,000. James T. Borello RIA lifted its position in shares of Xcel Energy by 59.6% in the 3rd quarter. James T. Borello RIA now owns 367 shares of the company’s stock valued at $26,000 after acquiring an additional 137 shares in the last quarter. GK Wealth Management LLC acquired a new position in Xcel Energy in the 3rd quarter worth approximately $28,000. First Bancorp Inc ME acquired a new position in Xcel Energy in the 2nd quarter worth approximately $36,000. Finally, Cedar Mountain Advisors LLC purchased a new position in Xcel Energy during the 1st quarter worth approximately $39,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Company Profile

Xcel Energy Inc. is a regulated electric and natural gas utility headquartered in Minneapolis, Minnesota. Through its operating companies, it generates, purchases, transmits and distributes electricity, and delivers natural gas to residential, commercial and industrial customers. The company serves customers in eight states: Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its electric system includes a mix of generation resources, supported by transmission and distribution networks.