Xcel Energy (NYSE:XEL) had its price target hoisted by Morgan Stanley from $50.00 to $53.00 in a research report issued on Wednesday. The firm presently has an “equal weight” rating on the utilities provider’s stock. Morgan Stanley’s price target suggests a potential upside of 4.87% from the company’s current price.

XEL has been the topic of a number of other research reports. Jefferies Group restated a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a research note on Thursday, August 31st. SunTrust Banks restated a “hold” rating and issued a $47.00 target price on shares of Xcel Energy in a research note on Tuesday, October 24th. J P Morgan Chase & Co upped their target price on Xcel Energy from $51.00 to $53.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a research note on Thursday, November 9th. Finally, Royal Bank of Canada restated a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a research note on Tuesday, October 10th. One research analyst has rated the stock with a sell rating, eight have given a hold rating, four have given a buy rating and one has assigned a strong buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and an average price target of $49.45.

Xcel Energy (XEL) traded down $0.90 on Wednesday, hitting $50.54. The stock had a trading volume of 3,308,200 shares, compared to its average volume of 2,600,261. The company has a market cap of $26,119.32, a price-to-earnings ratio of 21.98, a price-to-earnings-growth ratio of 4.08 and a beta of 0.21. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. Xcel Energy has a 52-week low of $39.59 and a 52-week high of $52.22.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.92 by $0.05. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same period in the prior year, the company posted $0.90 EPS. The firm’s quarterly revenue was down .8% compared to the same quarter last year. research analysts forecast that Xcel Energy will post 2.31 earnings per share for the current fiscal year.

In related news, Director Timothy V. Wolf sold 3,000 shares of Xcel Energy stock in a transaction on Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total value of $148,440.00. Following the completion of the transaction, the director now directly owns 3,700 shares in the company, valued at $183,076. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of Xcel Energy stock in a transaction on Wednesday, December 6th. The shares were sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the transaction, the executive vice president now owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The disclosure for this sale can be found here. Insiders sold 28,363 shares of company stock valued at $1,415,265 over the last quarter. 0.22% of the stock is currently owned by company insiders.

A number of large investors have recently added to or reduced their stakes in the stock. 1st Global Advisors Inc. raised its stake in Xcel Energy by 0.4% in the second quarter. 1st Global Advisors Inc. now owns 4,798 shares of the utilities provider’s stock valued at $220,000 after buying an additional 17 shares in the last quarter. Buckingham Asset Management LLC raised its stake in Xcel Energy by 0.5% in the second quarter. Buckingham Asset Management LLC now owns 5,662 shares of the utilities provider’s stock valued at $260,000 after buying an additional 28 shares in the last quarter. Parallel Advisors LLC raised its stake in Xcel Energy by 1.6% in the second quarter. Parallel Advisors LLC now owns 2,227 shares of the utilities provider’s stock valued at $105,000 after buying an additional 36 shares in the last quarter. Windsor Capital Management LLC raised its stake in Xcel Energy by 0.4% in the second quarter. Windsor Capital Management LLC now owns 14,144 shares of the utilities provider’s stock valued at $648,000 after buying an additional 58 shares in the last quarter. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in Xcel Energy by 0.3% in the second quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 37,724 shares of the utilities provider’s stock valued at $1,731,000 after buying an additional 99 shares in the last quarter. Hedge funds and other institutional investors own 73.41% of the company’s stock.

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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.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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