Xcel Energy Price Target Cut to $30.50 (XEL)
Equities researchers at Jefferies Group dropped their price target on shares of Xcel Energy (NYSE:XEL) from $33.00 to $30.50 in a research report issued on Monday, Analyst Ratings Network reports. Jefferies Group’s price objective would indicate a potential upside of 10.91% from the company’s current price.
A number of other firms have also recently commented on XEL. Analysts at Zacks reiterated a “neutral” rating on shares of Xcel Energy in a research note to investors on Friday, December 27th. They now have a $29.00 price target on the stock. Separately, analysts at Goldman Sachs Group Inc. downgraded shares of Xcel Energy from a “buy” rating to a “neutral” rating in a research note to investors on Monday, December 2nd. Finally, analysts at UBS AG raised their price target on shares of Xcel Energy to $30.00 in a research note to investors on Monday, October 28th. They now have a “neutral” rating on the stock. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and one has given a buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and a consensus price target of $30.86.
Shares of Xcel Energy (NYSE:XEL) opened at 27.50 on Monday. Xcel Energy has a 52-week low of $26.77 and a 52-week high of $31.79. The stock’s 50-day moving average is $28.04 and its 200-day moving average is $28.40. The company has a market cap of $13.685 billion and a price-to-earnings ratio of 14.53.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, October 24th. The company reported $0.77 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.75 by $0.02. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. On average, analysts predict that Xcel Energy will post $1.92 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, January 20th. Investors of record on Friday, December 27th will be given a dividend of 0.28 per share. This represents a $1.12 dividend on an annualized basis and a yield of 4.07%. The ex-dividend date of this dividend is Tuesday, December 24th.
Xcel Energy Inc is a holding company with subsidiaries engaged primarily in the utility business. During the year ended December 31, 2012, the Company’s operations included the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states.
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