Xcel Energy (NASDAQ:XEL) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Xcel Energy (NASDAQ:XEL) had its price target increased by research analysts at BMO Capital Markets from $84.00 to $87.00 in a research note issued to investors on Wednesday, MarketBeat reports. The firm currently has an “outperform” rating on the stock. BMO Capital Markets’ price objective points to a potential upside of 7.27% from the stock’s previous close.

Other research analysts have also issued reports about the stock. Weiss Ratings restated a “hold (c+)” rating on shares of Xcel Energy in a research report on Wednesday, October 8th. Bank of America upped their target price on shares of Xcel Energy from $78.00 to $84.00 and gave the stock a “buy” rating in a research report on Thursday, September 25th. Barclays upped their target price on shares of Xcel Energy from $72.00 to $81.00 and gave the stock an “overweight” rating in a research report on Monday, September 29th. UBS Group upped their target price on shares of Xcel Energy from $82.00 to $84.00 and gave the stock a “neutral” rating in a research report on Friday, October 10th. Finally, Morgan Stanley lowered their target price on shares of Xcel Energy from $81.00 to $80.00 and set an “equal weight” rating on the stock in a research report on Thursday, September 25th. Eleven research analysts have rated the stock with a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $84.92.

Xcel Energy Trading Down 0.9%

Shares of XEL opened at $81.10 on Wednesday. The company has a current ratio of 0.96, a quick ratio of 0.85 and a debt-to-equity ratio of 1.48. The firm’s 50-day moving average is $75.24 and its two-hundred day moving average is $71.61. Xcel Energy has a twelve month low of $62.58 and a twelve month high of $83.01. The firm has a market capitalization of $47.96 billion, a P/E ratio of 22.47, a PEG ratio of 2.89 and a beta of 0.37.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, July 31st. The company reported $0.75 earnings per share for the quarter, topping the consensus estimate of $0.66 by $0.09. Xcel Energy had a net margin of 14.85% and a return on equity of 10.52%. The company had revenue of $3.29 billion for the quarter, compared to analyst estimates of $3.31 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. Xcel Energy has set its FY 2025 guidance at 3.750-3.850 EPS. On average, research analysts predict that Xcel Energy will post 3.82 earnings per share for the current fiscal year.

Institutional Trading of Xcel Energy

Large investors have recently modified their holdings of the business. Twin Peaks Wealth Advisors LLC acquired a new stake in shares of Xcel Energy in the second quarter valued at approximately $25,000. Clearstead Trust LLC lifted its stake in shares of Xcel Energy by 202.2% during the second quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock valued at $28,000 after buying an additional 279 shares during the period. Accent Capital Management LLC purchased a new position in shares of Xcel Energy during the first quarter valued at approximately $29,000. BankPlus Trust Department purchased a new position in shares of Xcel Energy during the first quarter valued at approximately $34,000. Finally, Rise Advisors LLC lifted its stake in shares of Xcel Energy by 62.9% during the second quarter. Rise Advisors LLC now owns 518 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the period. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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.