Xcel Energy (NASDAQ:XEL) Stock Price Expected to Rise, KeyCorp Analyst Says

Xcel Energy (NASDAQ:XEL) had its target price raised by equities research analysts at KeyCorp from $74.00 to $79.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm presently has an “overweight” rating on the stock. KeyCorp’s price target points to a potential upside of 11.49% from the company’s current price. KeyCorp also issued estimates for Xcel Energy’s Q4 2024 earnings at $0.84 EPS and FY2025 earnings at $3.84 EPS.

A number of other equities research analysts have also commented on XEL. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $71.00 to $76.00 in a research note on Friday, November 1st. UBS Group upped their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Morgan Stanley lowered 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. 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, Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price for the company in a report on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $67.00.

Xcel Energy Trading Up 0.2 %

NASDAQ XEL opened at $70.86 on Wednesday. The company has a market cap of $40.69 billion, a price-to-earnings ratio of 21.03, a price-to-earnings-growth ratio of 2.90 and a beta of 0.41. Xcel Energy has a twelve month low of $46.79 and a twelve month high of $73.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The business’s fifty day moving average is $66.78 and its 200 day moving average is $60.76.

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

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in Xcel Energy in the 3rd quarter worth about $25,000. Transcendent Capital Group LLC purchased a new position in shares of Xcel Energy in the third quarter worth about $33,000. TruNorth Capital Management LLC bought a new stake in Xcel Energy during the 2nd quarter valued at $30,000. American National Bank purchased a new stake in shares of Xcel Energy during the second quarter worth $32,000. Finally, Kimelman & Baird LLC bought a new position in shares of Xcel Energy in the second quarter worth $35,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

Xcel Energy Company Profile

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.