Xcel Energy Inc. (XEL) Price Target Increased to $53.00 by Analysts at J P Morgan Chase & Co
Xcel Energy Inc. (NYSE:XEL) had its price objective hoisted by analysts at J P Morgan Chase & Co from $51.00 to $53.00 in a research report issued to clients and investors on Thursday. The brokerage currently has an “overweight” rating on the utilities provider’s stock. J P Morgan Chase & Co’s price target indicates a potential upside of 9.78% from the company’s current price.
Several other research analysts have also weighed in on XEL. Royal Bank Of Canada restated a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a research note on Tuesday. Jefferies Group LLC reiterated a “hold” rating and issued a $50.00 price target on shares of Xcel Energy in a research note on Friday, October 6th. Mizuho reiterated a “hold” rating and issued a $46.00 price target on shares of Xcel Energy in a research note on Friday, September 29th. BMO Capital Markets upped their price target on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research note on Friday, July 28th. Finally, BidaskClub upgraded shares of Xcel Energy from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, August 23rd. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, two have assigned a buy rating and one has issued a strong buy rating to the company. The stock has an average rating of “Hold” and an average price target of $48.67.
Shares of Xcel Energy (NYSE:XEL) traded up 0.43% during midday trading on Thursday, hitting $48.49. The stock had a trading volume of 342,552 shares. The company’s 50 day moving average price is $48.60 and its 200-day moving average price is $46.96. The firm has a market capitalization of $24.62 billion, a PE ratio of 21.41 and a beta of 0.19. Xcel Energy has a 1-year low of $38.00 and a 1-year high of $50.56.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, topping the consensus estimate of $0.43 by $0.02. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.63 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.42%. Xcel Energy’s revenue for the quarter was up 5.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.39 EPS. Equities analysts predict that Xcel Energy will post $2.20 earnings per share for the current year.
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In other news, EVP Kent T. Larson sold 10,000 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the sale, the executive vice president now owns 80,221 shares of the company’s stock, valued at approximately $3,790,442.25. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Daniel Yohannes purchased 1,000 shares of the business’s stock in a transaction dated Tuesday, September 5th. The shares were purchased at an average cost of $49.53 per share, with a total value of $49,530.00. Following the acquisition, the director now owns 1,000 shares in the company, valued at approximately $49,530. The disclosure for this purchase can be found here. Corporate insiders own 0.22% of the company’s stock.
Several institutional investors have recently modified their holdings of XEL. Oxford Asset Management bought a new stake in shares of Xcel Energy during the 1st quarter worth approximately $520,000. OppenheimerFunds Inc. lifted its holdings in shares of Xcel Energy by 5.7% during the 1st quarter. OppenheimerFunds Inc. now owns 33,140 shares of the utilities provider’s stock worth $1,473,000 after acquiring an additional 1,782 shares during the period. Legal & General Group Plc lifted its holdings in shares of Xcel Energy by 2.4% during the 1st quarter. Legal & General Group Plc now owns 4,141,215 shares of the utilities provider’s stock worth $184,071,000 after acquiring an additional 98,092 shares during the period. Rothschild Asset Management Inc. lifted its holdings in shares of Xcel Energy by 7,489.5% during the 1st quarter. Rothschild Asset Management Inc. now owns 1,338,709 shares of the utilities provider’s stock worth $59,506,000 after acquiring an additional 1,321,070 shares during the period. Finally, Banco BTG Pactual S.A. bought a new stake in shares of Xcel Energy during the 1st quarter worth approximately $5,467,000. 72.45% of the stock is owned by institutional investors.
Xcel Energy Company Profile
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.
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