Xcel Energy (NYSE:XEL) had its target price upped by Morgan Stanley from $48.00 to $50.00 in a research report sent to investors on Monday. The brokerage currently has an overweight rating on the utilities provider’s stock.
XEL has been the topic of a number of other research reports. Mizuho raised Xcel Energy from a neutral rating to a buy rating and set a $44.00 price target on the stock in a research note on Tuesday, March 27th. SunTrust Banks set a $43.00 price target on Xcel Energy and gave the stock a hold rating in a research note on Monday, February 5th. ValuEngine raised Xcel Energy from a hold rating to a buy rating in a research note on Sunday, December 31st. JPMorgan Chase increased their price target on Xcel Energy from $46.00 to $48.00 and gave the stock an overweight rating in a research note on Wednesday, March 28th. Finally, UBS began coverage on Xcel Energy in a research note on Friday, February 2nd. They set a neutral rating and a $47.00 price target on the stock. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of Hold and a consensus price target of $47.58.
XEL stock opened at $45.28 on Monday. Xcel Energy has a 1 year low of $41.51 and a 1 year high of $52.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The business had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period in the prior year, the company earned $0.45 EPS. The company’s revenue for the quarter was up .0% compared to the same quarter last year. equities analysts predict that Xcel Energy will post 2.44 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Investors of record on Thursday, March 15th will be given a $0.38 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36. This represents a $1.52 annualized dividend and a dividend yield of 3.36%. The ex-dividend date of this dividend is Wednesday, March 14th.
Institutional investors and hedge funds have recently modified their holdings of the stock. Swiss National Bank raised its position in shares of Xcel Energy by 1.5% in the 4th quarter. Swiss National Bank now owns 3,017,983 shares of the utilities provider’s stock worth $145,195,000 after buying an additional 45,900 shares during the period. Candriam Luxembourg S.C.A. raised its position in shares of Xcel Energy by 17.2% in the 4th quarter. Candriam Luxembourg S.C.A. now owns 67,170 shares of the utilities provider’s stock worth $3,232,000 after buying an additional 9,877 shares during the period. Lazard Asset Management LLC raised its position in shares of Xcel Energy by 3.9% in the 4th quarter. Lazard Asset Management LLC now owns 1,351,511 shares of the utilities provider’s stock worth $65,020,000 after buying an additional 50,996 shares during the period. Vident Investment Advisory LLC raised its position in shares of Xcel Energy by 28.2% in the 4th quarter. Vident Investment Advisory LLC now owns 11,277 shares of the utilities provider’s stock worth $543,000 after buying an additional 2,481 shares during the period. Finally, First National Bank of Omaha raised its position in shares of Xcel Energy by 2.0% in the 4th quarter. First National Bank of Omaha now owns 185,658 shares of the utilities provider’s stock worth $8,932,000 after buying an additional 3,585 shares during the period. 73.96% of the stock is currently owned by institutional investors and hedge funds.
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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.
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