Xcel Energy (XEL) Upgraded to Buy at ValuEngine

Xcel Energy (NYSE:XEL) was upgraded by stock analysts at ValuEngine from a “hold” rating to a “buy” rating in a report released on Sunday.

Several other equities analysts have also commented on XEL. Morgan Stanley increased their target price on Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, September 26th. Mizuho reissued a “hold” rating and issued a $46.00 target price on shares of Xcel Energy in a report on Friday, September 29th. Jefferies Group reissued a “hold” rating and issued a $50.00 target price on shares of Xcel Energy in a report on Friday, October 6th. Finally, Royal Bank of Canada reissued a “hold” rating and issued a $48.00 target price on shares of Xcel Energy in a report on Tuesday, October 10th. One analyst has rated the stock with a sell rating, eight have issued a hold rating, four have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $49.09.

Shares of Xcel Energy (NYSE XEL) opened at $48.11 on Friday. The stock has a market capitalization of $24,428.48, a price-to-earnings ratio of 20.56, a PEG ratio of 3.82 and a beta of 0.21. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. Xcel Energy has a 52 week low of $40.04 and a 52 week high of $52.22.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to analysts’ expectations of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company’s revenue for the quarter was down .8% compared to the same quarter last year. During the same period last year, the firm earned $0.90 earnings per share. analysts anticipate that Xcel Energy will post 2.31 EPS for the current year.

In other Xcel Energy news, Director Timothy V. Wolf sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The stock was sold at an average price of $49.48, for a total transaction of $148,440.00. Following the transaction, the director now owns 3,700 shares of the company’s stock, valued at $183,076. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $49.66, for a total value of $1,002,486.42. Following the transaction, the insider now directly owns 48,424 shares in the company, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 28,363 shares of company stock worth $1,415,265. Corporate insiders own 0.22% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in XEL. Boston Partners boosted its stake in shares of Xcel Energy by 27,248.9% during the third quarter. Boston Partners now owns 3,568,214 shares of the utilities provider’s stock worth $168,848,000 after buying an additional 3,555,167 shares during the period. Ameriprise Financial Inc. boosted its stake in shares of Xcel Energy by 72.2% during the second quarter. Ameriprise Financial Inc. now owns 5,836,464 shares of the utilities provider’s stock worth $267,813,000 after buying an additional 2,446,904 shares during the period. Janus Henderson Group PLC boosted its stake in shares of Xcel Energy by 3,077.7% during the second quarter. Janus Henderson Group PLC now owns 2,269,284 shares of the utilities provider’s stock worth $104,115,000 after buying an additional 2,197,872 shares during the period. JPMorgan Chase & Co. boosted its stake in shares of Xcel Energy by 6.4% during the third quarter. JPMorgan Chase & Co. now owns 30,317,644 shares of the utilities provider’s stock worth $1,436,147,000 after buying an additional 1,810,629 shares during the period. Finally, Commonwealth Bank of Australia boosted its stake in shares of Xcel Energy by 26.9% during the second quarter. Commonwealth Bank of Australia now owns 5,789,794 shares of the utilities provider’s stock worth $265,634,000 after buying an additional 1,225,622 shares during the period. Institutional investors and hedge funds own 73.31% of the company’s stock.

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About Xcel Energy

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.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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