Xcel Energy (NASDAQ:XEL) Price Target Raised to $90.00 at Barclays

Xcel Energy (NASDAQ:XEL) had its price target raised by Barclays from $87.00 to $90.00 in a research report sent to investors on Thursday morning, Marketbeat Ratings reports. Barclays currently has an overweight rating on the stock.

XEL has been the subject of a number of other reports. BMO Capital Markets increased their price target on Xcel Energy from $90.00 to $94.00 and gave the company an “outperform” rating in a research note on Wednesday, April 22nd. JPMorgan Chase & Co. lowered their price objective on Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a research report on Thursday, May 14th. UBS Group upped their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the company a “buy” rating in a research report on Monday, April 20th. Wall Street Zen lowered shares of Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. Finally, Mizuho dropped their price target on Xcel Energy from $94.00 to $91.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have given a Buy rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Xcel Energy currently has a consensus rating of “Buy” and an average price target of $92.00.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $79.02 on Thursday. The firm has a 50 day moving average of $79.66 and a 200-day moving average of $78.84. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. Xcel Energy has a 12 month low of $67.02 and a 12 month high of $84.23. The stock has a market capitalization of $49.33 billion, a PE ratio of 22.77, a PEG ratio of 2.07 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Wednesday, April 29th. The company reported $0.91 earnings per share (EPS) for the quarter, meeting the consensus estimate of $0.91. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The company’s revenue for the quarter was up 2.9% compared to the same quarter last year. During the same quarter last year, the company posted $0.84 EPS. On average, equities research analysts predict that Xcel Energy will post 4.11 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a $0.5925 dividend. The ex-dividend date of this dividend is Monday, June 15th. This represents a $2.37 annualized dividend and a yield of 3.0%. Xcel Energy’s dividend payout ratio (DPR) is 68.30%.

Institutional Trading of Xcel Energy

A number of institutional investors have recently added to or reduced their stakes in XEL. Vermillion & White Wealth Management Group LLC purchased a new stake in Xcel Energy in the third quarter worth approximately $27,000. Abound Wealth Management raised its stake in shares of Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after acquiring an additional 288 shares in the last quarter. Evolution Wealth Management Inc. raised its stake in shares of Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after acquiring an additional 274 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Xcel Energy in the 4th quarter worth approximately $30,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Xcel Energy in the 4th quarter worth approximately $33,000. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.