Xcel Energy (NASDAQ:XEL) Price Target Lowered to $87.00 at JPMorgan Chase & Co.

Xcel Energy (NASDAQ:XEL) had its target price dropped by investment analysts at JPMorgan Chase & Co. from $90.00 to $87.00 in a research note issued to investors on Thursday,Benzinga reports. The brokerage presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s price objective would suggest a potential upside of 16.47% from the stock’s current price.

XEL has been the topic of several other reports. Evercore ISI started coverage on Xcel Energy in a research report on Monday, October 6th. They issued an “outperform” rating and a $92.00 price objective on the stock. BTIG Research upgraded Xcel Energy to a “strong-buy” rating in a report on Wednesday, October 22nd. UBS Group set a $85.00 target price on shares of Xcel Energy in a research report on Wednesday, November 5th. Mizuho lifted their price target on shares of Xcel Energy from $83.00 to $87.00 and gave the stock an “outperform” rating in a research note on Monday, October 27th. Finally, Weiss Ratings raised shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, October 24th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating, one has issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Buy” and a consensus price target of $87.64.

Xcel Energy Trading Up 0.1%

XEL traded up $0.08 on Thursday, reaching $74.70. 2,372,754 shares of the company’s stock were exchanged, compared to its average volume of 4,008,446. Xcel Energy has a twelve month low of $62.58 and a twelve month high of $83.01. The company’s 50 day moving average is $80.23 and its 200-day moving average is $74.38. The company has a debt-to-equity ratio of 1.51, a quick ratio of 0.69 and a current ratio of 0.79. The company has a market cap of $44.19 billion, a price-to-earnings ratio of 22.77, a PEG ratio of 2.24 and a beta of 0.45.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Wednesday, October 29th. The company reported $1.24 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.32 by ($0.08). The business had revenue of $3.92 billion for the quarter, compared to analysts’ expectations of $3.89 billion. Xcel Energy had a return on equity of 10.45% and a net margin of 13.46%.Xcel Energy’s quarterly revenue was up 7.4% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.25 earnings per share. Equities analysts predict that Xcel Energy will post 3.82 earnings per share for the current year.

Institutional Trading of Xcel Energy

Several institutional investors have recently added to or reduced their stakes in the business. Twin Peaks Wealth Advisors LLC bought a new stake in shares of Xcel Energy during the 2nd quarter valued at about $25,000. ORG Partners LLC boosted its position in Xcel Energy by 168.4% during the 3rd quarter. ORG Partners LLC now owns 314 shares of the company’s stock valued at $25,000 after purchasing an additional 197 shares during the period. Vermillion & White Wealth Management Group LLC bought a new position in Xcel Energy during the 3rd quarter worth $27,000. Clearstead Trust LLC increased its position in Xcel Energy by 202.2% in the second quarter. Clearstead Trust LLC now owns 417 shares of the company’s stock worth $28,000 after buying an additional 279 shares during the period. Finally, First Command Advisory Services Inc. acquired a new position in shares of Xcel Energy during the third quarter valued at $32,000. Institutional investors own 78.38% of the company’s stock.

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.