Xcel Energy (NASDAQ:XEL) Price Target Cut to $91.00 by Analysts at JPMorgan Chase & Co.

Xcel Energy (NASDAQ:XEL) had its price target lowered by stock analysts at JPMorgan Chase & Co. from $94.00 to $91.00 in a research report issued on Thursday,Benzinga reports. The firm presently has an “overweight” rating on the stock. JPMorgan Chase & Co.‘s target price would indicate a potential upside of 13.91% from the company’s current price.

A number of other analysts have also weighed in on XEL. Barclays lowered their price target on shares of Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a report on Tuesday. Weiss Ratings upgraded shares of Xcel Energy from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, March 20th. Wall Street Zen cut Xcel Energy from a “hold” rating to a “sell” rating in a research note on Saturday, May 9th. UBS Group increased their target price on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a report on Monday, April 20th. Finally, Argus set a $86.00 price objective on Xcel Energy in a research report on Thursday, March 12th. Four research analysts have rated the stock with a Strong Buy rating, twelve have issued a Buy rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and an average target price of $91.13.

Xcel Energy Price Performance

Xcel Energy stock traded down $0.02 on Thursday, reaching $79.89. The company’s stock had a trading volume of 2,425,007 shares, compared to its average volume of 4,930,834. The company has a debt-to-equity ratio of 1.45, a quick ratio of 0.68 and a current ratio of 0.77. The company has a market cap of $49.87 billion, a price-to-earnings ratio of 23.02, a PEG ratio of 2.08 and a beta of 0.41. The business’s fifty day moving average price is $80.29 and its 200 day moving average price is $78.67. Xcel Energy has a twelve month low of $65.21 and a twelve month high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The business’s revenue was up 2.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.84 earnings per share. Equities analysts expect that Xcel Energy will post 4.11 earnings per share for the current fiscal year.

Institutional Trading of Xcel Energy

Several hedge funds and other institutional investors have recently modified their holdings of XEL. Vermillion & White Wealth Management Group LLC acquired a new stake in shares of Xcel Energy in the 3rd quarter valued at about $27,000. Abound Wealth Management boosted its holdings in Xcel Energy by 394.5% during the fourth quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after purchasing an additional 288 shares during the last quarter. Evolution Wealth Management Inc. boosted its holdings in Xcel Energy by 365.3% during the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new position in Xcel Energy during the fourth quarter worth $30,000. Finally, First Command Advisory Services Inc. acquired a new position in Xcel Energy during the third quarter worth $32,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.