Barclays Has Lowered Expectations for Xcel Energy (NASDAQ:XEL) Stock Price

Xcel Energy (NASDAQ:XEL) had its target price cut by investment analysts at Barclays from $71.00 to $69.00 in a report released on Wednesday,Benzinga reports. The firm currently has an “overweight” rating on the stock. Barclays‘s price target would indicate a potential upside of 4.45% from the stock’s current price.

A number of other analysts have also issued reports on the stock. KeyCorp increased their price target on shares of Xcel Energy from $74.00 to $79.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 4th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and boosted their price target for the company from $71.00 to $76.00 in a report on Friday, November 1st. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and increased their price objective for the stock from $69.00 to $80.00 in a report on Thursday, December 12th. Morgan Stanley reduced their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research report on Friday, November 22nd. Finally, Wells Fargo & Company raised Xcel Energy from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $70.00 to $72.00 in a research report on Monday, January 13th. Four research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $69.50.

Xcel Energy Trading Down 1.4 %

Xcel Energy stock opened at $66.06 on Wednesday. Xcel Energy has a 52 week low of $46.79 and a 52 week high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The firm has a market capitalization of $37.93 billion, a price-to-earnings ratio of 19.60, a P/E/G ratio of 2.57 and a beta of 0.42. The company has a 50 day moving average price of $68.32 and a 200 day moving average price of $63.88.

Xcel Energy (NASDAQ:XEL) last issued its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business’s quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.23 EPS. Research analysts forecast that Xcel Energy will post 3.54 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the company. State Street Corp grew its position in shares of Xcel Energy by 6.7% in the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after purchasing an additional 2,323,448 shares during the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Xcel Energy by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after purchasing an additional 892,740 shares during the period. Geode Capital Management LLC grew its holdings in Xcel Energy by 1.8% in the 3rd quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock valued at $952,091,000 after buying an additional 262,191 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in Xcel Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after buying an additional 67,820 shares during the period. Finally, Brookfield Corp ON lifted its holdings in shares of Xcel Energy by 520.1% during the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock worth $163,840,000 after buying an additional 2,104,405 shares during the last quarter. Institutional investors 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.