Xcel Energy Inc. (NYSE:XEL) has received a consensus rating of “Hold” from the thirteen research firms that are covering the stock, Marketbeat Ratings reports. Ten analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 1 year target price among brokers that have updated their coverage on the stock in the last year is $46.09.

A number of brokerages have recently commented on XEL. Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research note on Wednesday, June 28th. Jefferies Group LLC restated a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a research note on Friday, June 9th. Deutsche Bank AG upped their target price on Xcel Energy from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. BMO Capital Markets upped their target price on Xcel Energy from $46.00 to $47.00 and gave the stock a “market perform” rating in a research note on Friday, July 28th. Finally, BidaskClub downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research note on Thursday, July 6th.

Xcel Energy (XEL) opened at 49.21 on Tuesday. Xcel Energy has a 1-year low of $38.00 and a 1-year high of $49.33. The company has a market cap of $24.99 billion, a P/E ratio of 21.73 and a beta of 0.19. The stock has a 50 day moving average price of $47.25 and a 200 day moving average price of $45.53.

Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, July 27th. The utilities provider reported $0.45 EPS for the quarter, topping analysts’ consensus estimates of $0.43 by $0.02. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The firm had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.63 billion. During the same quarter in the prior year, the business earned $0.39 earnings per share. The company’s revenue was up 5.8% compared to the same quarter last year. On average, equities research analysts anticipate that Xcel Energy will post $2.20 EPS for the current fiscal year.

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In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the transaction, the executive vice president now owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.22% of the stock is owned by corporate insiders.

Several institutional investors have recently made changes to their positions in XEL. BlackRock Inc. boosted its position in shares of 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 during the last quarter. JPMorgan Chase & Co. boosted its position in shares of Xcel Energy by 12.6% in the second quarter. JPMorgan Chase & Co. now owns 28,507,015 shares of the utilities provider’s stock worth $1,307,902,000 after buying an additional 3,187,095 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Xcel Energy by 367.2% in the second quarter. Principal Financial Group Inc. now owns 3,741,935 shares of the utilities provider’s stock worth $171,680,000 after buying an additional 2,940,959 shares during the last quarter. Ameriprise Financial Inc. boosted its position in shares of Xcel Energy by 72.2% in the second quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock worth $267,813,000 after buying an additional 2,446,904 shares during the last quarter. Finally, Janus Henderson Group PLC boosted its position in shares of Xcel Energy by 3,077.7% in the second quarter. Janus Henderson Group PLC now owns 2,269,284 shares of the utilities provider’s stock worth $104,115,000 after buying an additional 2,197,872 shares during the last quarter. 72.60% of the stock is owned by institutional investors and hedge funds.

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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