Xcel Energy Inc. (NASDAQ:XEL) Stock Has Consensus Target Price of $92.56 According to Analysts

Shares of Xcel Energy Inc. (NASDAQ:XEL) have earned an average rating of “Buy” from the seventeen research firms that are currently covering the stock, MarketBeat.com reports. One research analyst has rated the stock with a hold recommendation, thirteen have assigned a buy recommendation and three have assigned a strong buy recommendation to the company. The average twelve-month price objective among analysts that have issued a report on the stock in the last year is $91.65.

Several research firms recently commented on XEL. KeyCorp reaffirmed an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Truist Financial lowered their price target on shares of Xcel Energy from $94.00 to $88.00 and set a “buy” rating on the stock in a report on Thursday, August 13th. New Street Research set a $91.00 price objective on shares of Xcel Energy in a research report on Tuesday, June 23rd. Mizuho set a $92.00 price objective on shares of Xcel Energy in a research note on Friday, July 31st. Finally, Scotiabank initiated coverage on shares of Xcel Energy in a report on Tuesday. They set a “sector outperform” rating and a $77.00 target price on the stock.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. KCM Investment Advisors LLC grew its position in shares of Xcel Energy by 1.9% in the first quarter. KCM Investment Advisors LLC now owns 7,549 shares of the company’s stock valued at $600,000 after purchasing an additional 140 shares during the period. Cidel Asset Management Inc. grew its holdings in shares of Xcel Energy by 3.3% during the second quarter. Cidel Asset Management Inc. now owns 4,692 shares of the company’s stock worth $377,000 after buying an additional 149 shares in the last quarter. Ullmann Wealth Partners Group LLC raised its position in shares of Xcel Energy by 5.5% in the fourth quarter. Ullmann Wealth Partners Group LLC now owns 2,998 shares of the company’s stock valued at $243,000 after buying an additional 155 shares during the last quarter. Birchwood Financial Partners Inc. raised its position in shares of Xcel Energy by 1.7% in the first quarter. Birchwood Financial Partners Inc. now owns 9,252 shares of the company’s stock valued at $735,000 after buying an additional 158 shares during the last quarter. Finally, Parallel Advisors LLC lifted its stake in shares of Xcel Energy by 2.3% in the fourth quarter. Parallel Advisors LLC now owns 7,105 shares of the company’s stock worth $525,000 after buying an additional 160 shares in the last quarter. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Trading Up 0.1%

Shares of Xcel Energy stock opened at $70.55 on Tuesday. Xcel Energy has a 52-week low of $68.72 and a 52-week high of $84.23. The stock’s 50-day simple moving average is $75.89 and its 200 day simple moving average is $78.35. The stock has a market capitalization of $44.07 billion, a P/E ratio of 19.33, a P/E/G ratio of 2.38 and a beta of 0.36. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Wednesday, July 29th. The company reported $0.93 earnings per share for the quarter, topping analysts’ consensus estimates of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The firm had revenue of $3.12 billion during the quarter, compared to analyst estimates of $3.54 billion. During the same quarter last year, the business earned $1.59 earnings per share. The company’s quarterly revenue was down 5.1% on a year-over-year basis. As a group, research analysts anticipate that Xcel Energy will post 4.12 EPS for the current year.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.4%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s payout ratio is 64.93%.

About Xcel Energy

Xcel Energy Inc is a Minneapolis-based energy company that provides electricity and natural gas through regulated utility operations. Its businesses generate, transmit, distribute and sell electricity, as well as distribute natural gas to residential, commercial and industrial customers.

Through its operating companies, Xcel Energy serves customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. The company’s operations include a diverse generation portfolio featuring wind, solar, hydroelectric, nuclear, natural gas and other energy resources.