Shares of Xcel Energy Inc (NYSE:XEL) have been given a consensus recommendation of “Hold” by the eleven analysts that are covering the stock, MarketBeat Ratings reports. Seven analysts have rated the stock with a hold rating and four have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued a report on the stock in the last year is $49.38.

XEL has been the topic of a number of recent research reports. Zacks Investment Research upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research report on Thursday, September 27th. Morgan Stanley lowered shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and decreased their target price for the company from $52.00 to $50.00 in a report on Friday, September 21st. Mizuho lowered shares of Xcel Energy from a “buy” rating to a “neutral” rating and decreased their target price for the company from $48.50 to $47.00 in a report on Friday, November 2nd. Argus boosted their target price on shares of Xcel Energy from $53.00 to $57.00 and gave the company a “buy” rating in a report on Wednesday, October 31st. Finally, Barclays set a $54.00 target price on shares of Xcel Energy and gave the company a “buy” rating in a report on Monday.

In related news, Director Lynn Casey acquired 1,000 shares of the firm’s stock in a transaction dated Wednesday, September 5th. The shares were purchased at an average cost of $48.89 per share, for a total transaction of $48,890.00. Following the acquisition, the director now owns 3,131 shares in the company, valued at approximately $153,074.59. The purchase was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Judy M. Poferl sold 7,182 shares of the company’s stock in a transaction that occurred on Friday, September 7th. The stock was sold at an average price of $48.67, for a total transaction of $349,547.94. Following the completion of the transaction, the senior vice president now owns 25,460 shares in the company, valued at $1,239,138.20. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.

Several hedge funds have recently modified their holdings of XEL. Magellan Asset Management Ltd lifted its holdings in shares of Xcel Energy by 624.7% in the 3rd quarter. Magellan Asset Management Ltd now owns 2,751,419 shares of the utilities provider’s stock worth $129,894,000 after acquiring an additional 2,371,756 shares during the last quarter. Levin Capital Strategies L.P. acquired a new position in shares of Xcel Energy in the 3rd quarter worth approximately $58,727,000. Renaissance Technologies LLC lifted its holdings in shares of Xcel Energy by 31.1% in the 3rd quarter. Renaissance Technologies LLC now owns 3,557,200 shares of the utilities provider’s stock worth $167,935,000 after acquiring an additional 844,400 shares during the last quarter. Carillon Tower Advisers Inc. acquired a new position in shares of Xcel Energy in the 2nd quarter worth approximately $35,271,000. Finally, Morgan Stanley lifted its holdings in shares of Xcel Energy by 61.5% in the 2nd quarter. Morgan Stanley now owns 2,016,168 shares of the utilities provider’s stock worth $92,098,000 after acquiring an additional 767,419 shares during the last quarter. Hedge funds and other institutional investors own 73.96% of the company’s stock.

Shares of XEL stock traded up $0.33 on Thursday, reaching $51.95. 458,295 shares of the company were exchanged, compared to its average volume of 3,564,068. Xcel Energy has a 1 year low of $41.51 and a 1 year high of $52.24.

Xcel Energy (NYSE:XEL) last released its earnings results on Thursday, October 25th. The utilities provider reported $0.96 EPS for the quarter, missing analysts’ consensus estimates of $0.98 by ($0.02). The firm had revenue of $3.05 billion for the quarter, compared to analyst estimates of $3.08 billion.

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.

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Analyst Recommendations for Xcel Energy (NYSE:XEL)

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