Xcel Energy (NYSE:XEL) had its target price decreased by equities research analysts at Bank of America from $49.00 to $47.00 in a note issued to investors on Thursday. The firm presently has a “buy” rating on the utilities provider’s stock. Bank of America’s target price points to a potential upside of 7.40% from the company’s current price.
Other research analysts also recently issued reports about the company. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Morgan Stanley increased their price objective on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. SunTrust Banks reiterated a “hold” rating and set a $44.00 price objective on shares of Xcel Energy in a report on Tuesday, December 26th. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Friday, October 13th. Finally, Royal Bank of Canada reiterated a “hold” rating and set a $49.00 price objective on shares of Xcel Energy in a report on Thursday, February 1st. Ten equities research analysts have rated the stock with a hold rating, four have given a buy rating and one has issued a strong buy rating to the company. Xcel Energy presently has a consensus rating of “Hold” and an average target price of $48.42.
Xcel Energy (NYSE:XEL) traded up $0.41 during trading hours on Thursday, hitting $43.76. The company had a trading volume of 4,509,686 shares, compared to its average volume of 3,701,296. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. The company has a market capitalization of $22,130.00, a P/E ratio of 19.36, a PEG ratio of 3.18 and a beta of 0.12. Xcel Energy has a fifty-two week low of $41.16 and a fifty-two week high of $52.22.
In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the transaction, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Corporate insiders own 0.22% of the company’s stock.
A number of hedge funds and other institutional investors have recently modified their holdings of XEL. OppenheimerFunds Inc. lifted its position in shares of Xcel Energy by 7.0% in the fourth quarter. OppenheimerFunds Inc. now owns 35,483 shares of the utilities provider’s stock valued at $1,707,000 after buying an additional 2,331 shares during the last quarter. First Republic Investment Management Inc. lifted its position in shares of Xcel Energy by 13.5% in the fourth quarter. First Republic Investment Management Inc. now owns 11,278 shares of the utilities provider’s stock valued at $543,000 after buying an additional 1,340 shares during the last quarter. Timber Hill LLC acquired a new stake in shares of Xcel Energy in the fourth quarter valued at approximately $4,299,000. Dynamic Advisors Solutions LLC lifted its position in shares of Xcel Energy by 142.5% in the fourth quarter. Dynamic Advisors Solutions LLC now owns 44,346 shares of the utilities provider’s stock valued at $2,133,000 after buying an additional 26,060 shares during the last quarter. Finally, Norinchukin Bank The lifted its position in shares of Xcel Energy by 7.4% in the fourth quarter. Norinchukin Bank The now owns 40,597 shares of the utilities provider’s stock valued at $1,953,000 after buying an additional 2,803 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other 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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