Xcel Energy (NASDAQ:XEL) Given New $74.00 Price Target at KeyCorp

Xcel Energy (NASDAQ:XEL) had its price objective hoisted by KeyCorp from $69.00 to $74.00 in a research report sent to investors on Friday, Benzinga reports. The firm currently has an overweight rating on the stock.

XEL has been the topic of a number of other research reports. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research report on Monday, August 26th. Morgan Stanley upped their target price on Xcel Energy from $68.00 to $73.00 and gave the company an “equal weight” rating in a research report on Wednesday, September 25th. Barclays upped their target price on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Wells Fargo & Company upped their target price on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Finally, Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and upped their target price for the company from $71.00 to $76.00 in a research report on Friday. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $66.38.

Xcel Energy Stock Down 0.2 %

XEL traded down $0.12 on Friday, hitting $66.69. 6,860,953 shares of the company were exchanged, compared to its average volume of 4,169,125. The stock’s fifty day moving average is $63.61 and its 200-day moving average is $58.25. The company has a market cap of $37.18 billion, a PE ratio of 19.91, a PEG ratio of 2.77 and a beta of 0.39. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. Xcel Energy has a 12 month low of $46.79 and a 12 month high of $68.36.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06). The business had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. Xcel Energy’s quarterly revenue was down .5% compared to the same quarter last year. During the same period last year, the firm earned $1.23 EPS. Equities research analysts predict that Xcel Energy will post 3.55 EPS for the current fiscal year.

Institutional Investors Weigh In On Xcel Energy

A number of large investors have recently added to or reduced their stakes in XEL. TruNorth Capital Management LLC bought a new position in shares of Xcel Energy in the 2nd quarter valued at $30,000. American National Bank bought a new position in Xcel Energy during the 2nd quarter worth $32,000. Transcendent Capital Group LLC bought a new position in Xcel Energy during the 3rd quarter worth $33,000. Kimelman & Baird LLC bought a new position in Xcel Energy during the 2nd quarter worth $35,000. Finally, Rothschild Investment LLC acquired a new stake in Xcel Energy during the 2nd quarter worth about $37,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

About Xcel Energy

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.