JPMorgan Chase & Co. Lowers Xcel Energy (NASDAQ:XEL) Price Target to $87.00

Xcel Energy (NASDAQ:XEL) had its price objective decreased by research analysts at JPMorgan Chase & Co. from $90.00 to $87.00 in a research report issued on Thursday,Benzinga reports. The brokerage currently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective points to a potential upside of 15.77% from the stock’s current price.

XEL has been the topic of several other reports. BMO Capital Markets lifted their price target on Xcel Energy from $84.00 to $87.00 and gave the company an “outperform” rating in a research report on Wednesday, October 15th. BTIG Research upgraded shares of Xcel Energy to a “strong-buy” rating in a research report on Wednesday, October 22nd. Barclays upped their price target on shares of Xcel Energy from $83.00 to $85.00 and gave the company an “overweight” rating in a report on Wednesday, November 5th. Mizuho raised their price objective on shares of Xcel Energy from $83.00 to $87.00 and gave the company an “outperform” rating in a research report on Monday, October 27th. Finally, KeyCorp boosted their target price on shares of Xcel Energy from $79.00 to $85.00 and gave the stock an “overweight” rating in a report on Wednesday, October 15th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has an average rating of “Buy” and an average target price of $87.57.

Xcel Energy Stock Up 0.6%

Xcel Energy stock opened at $75.15 on Thursday. Xcel Energy has a 52 week low of $62.58 and a 52 week high of $83.01. The stock has a market cap of $44.45 billion, a price-to-earnings ratio of 22.91, a PEG ratio of 2.21 and a beta of 0.45. The company’s 50-day moving average price is $80.02 and its two-hundred day moving average price is $74.42. The company has a current ratio of 0.79, a quick ratio of 0.69 and a debt-to-equity ratio of 1.51.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). Xcel Energy had a net margin of 13.46% and a return on equity of 10.45%. The company had revenue of $3.92 billion during the quarter, compared to the consensus estimate of $3.89 billion. During the same quarter last year, the business earned $1.25 earnings per share. The company’s revenue was up 7.4% on a year-over-year basis. On average, analysts expect that Xcel Energy will post 3.82 EPS for the current fiscal year.

Institutional Trading of Xcel Energy

A number of hedge funds have recently bought and sold shares of XEL. Swiss Life Asset Management Ltd raised its holdings in shares of Xcel Energy by 91.8% during the third quarter. Swiss Life Asset Management Ltd now owns 89,215 shares of the company’s stock valued at $7,195,000 after acquiring an additional 42,711 shares during the period. Vermillion & White Wealth Management Group LLC purchased a new position in Xcel Energy during the 3rd quarter worth approximately $27,000. Opes Wealth Management LLC acquired a new stake in Xcel Energy during the 3rd quarter valued at $214,000. CIBC Private Wealth Group LLC lifted its holdings in shares of Xcel Energy by 22.0% in the third quarter. CIBC Private Wealth Group LLC now owns 12,513 shares of the company’s stock valued at $1,009,000 after purchasing an additional 2,256 shares in the last quarter. Finally, CIBC Bancorp USA Inc. acquired a new stake in shares of Xcel Energy in the third quarter worth $8,285,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.