KeyCorp Issues Positive Forecast for Xcel Energy (NASDAQ:XEL) Stock Price

Xcel Energy (NASDAQ:XEL) had its target price boosted by KeyCorp from $69.00 to $74.00 in a report published on Friday, Benzinga reports. They currently have an overweight rating on the stock.

XEL has been the subject of several other research reports. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and upped their price target for the stock from $71.00 to $76.00 in a research note on Friday. Wells Fargo & Company increased their target price on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a research note on Monday, August 26th. Barclays increased their target price on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Morgan Stanley increased their target price on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research note on Wednesday, September 25th. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to data from MarketBeat, Xcel Energy currently has a consensus rating of “Moderate Buy” and an average price target of $66.38.

Xcel Energy Stock Down 0.2 %

NASDAQ XEL traded down $0.12 on Friday, reaching $66.69. The stock had a trading volume of 6,860,953 shares, compared to its average volume of 4,169,125. The business has a 50 day moving average price of $63.61 and a 200 day moving average price of $58.25. The company has a current ratio of 0.97, a quick ratio of 0.86 and a debt-to-equity ratio of 1.54. Xcel Energy has a 1 year low of $46.79 and a 1 year high of $68.36. The company has a market capitalization of $37.18 billion, a price-to-earnings ratio of 19.91, a P/E/G ratio of 2.77 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. The firm had revenue of $3.64 billion during the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the firm earned $1.23 EPS. The business’s revenue for the quarter was down .5% compared to the same quarter last year. On average, analysts forecast that Xcel Energy will post 3.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Xcel Energy

A number of hedge funds and other institutional investors have recently bought and sold shares of XEL. Integris Wealth Management LLC boosted its position in shares of Xcel Energy by 2.7% in the 3rd quarter. Integris Wealth Management LLC now owns 6,163 shares of the company’s stock worth $402,000 after purchasing an additional 163 shares during the last quarter. Gateway Wealth Partners LLC raised its stake in Xcel Energy by 4.3% during the 2nd quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after buying an additional 182 shares during the period. Sumitomo Life Insurance Co. raised its stake in Xcel Energy by 2.9% during the 3rd quarter. Sumitomo Life Insurance Co. now owns 6,591 shares of the company’s stock worth $430,000 after buying an additional 183 shares during the period. Dakota Wealth Management raised its stake in Xcel Energy by 0.9% during the 3rd quarter. Dakota Wealth Management now owns 22,979 shares of the company’s stock worth $1,500,000 after buying an additional 205 shares during the period. Finally, Avantax Advisory Services Inc. raised its stake in Xcel Energy by 1.3% during the 1st quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock worth $863,000 after buying an additional 212 shares during the period. 78.38% of the stock is owned by institutional investors and hedge funds.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.