Mizuho Lowers Xcel Energy (NASDAQ:XEL) Price Target to $91.00

Xcel Energy (NASDAQ:XEL) had its target price cut by research analysts at Mizuho from $94.00 to $91.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “outperform” rating on the stock. Mizuho’s price objective would indicate a potential upside of 13.94% from the company’s current price.

A number of other equities analysts have also commented on XEL. UBS Group raised their price target on shares of Xcel Energy from $89.00 to $91.00 and gave the stock a “buy” rating in a research report on Monday, April 20th. Argus set a $86.00 target price on shares of Xcel Energy in a research report on Thursday, March 12th. Barclays lowered their target price on Xcel Energy from $91.00 to $87.00 and set an “overweight” rating for the company in a research report on Tuesday, May 12th. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a report on Monday, June 8th. Finally, JPMorgan Chase & Co. reduced their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “overweight” rating for the company in a report on Thursday, May 14th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the stock. According to MarketBeat.com, Xcel Energy presently has a consensus rating of “Buy” and a consensus target price of $90.94.

Xcel Energy Stock Performance

Shares of Xcel Energy stock traded up $1.06 during trading on Tuesday, hitting $79.87. 530,742 shares of the stock were exchanged, compared to its average volume of 5,187,580. The company has a fifty day moving average price of $79.40 and a 200-day moving average price of $78.32. The stock has a market capitalization of $49.86 billion, a price-to-earnings ratio of 22.98, a price-to-earnings-growth ratio of 2.01 and a beta of 0.39. The company has a current ratio of 0.77, a quick ratio of 0.68 and a debt-to-equity ratio of 1.45. Xcel Energy has a 1-year low of $66.56 and a 1-year high of $84.23.

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

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of the business. Vermillion & White Wealth Management Group LLC bought a new position in shares of Xcel Energy in the third quarter worth approximately $27,000. Abound Wealth Management increased its holdings in shares of Xcel Energy by 394.5% in the 4th quarter. Abound Wealth Management now owns 361 shares of the company’s stock worth $27,000 after buying an additional 288 shares during the last quarter. Evolution Wealth Management Inc. raised its position in shares of Xcel Energy by 365.3% during the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after buying an additional 274 shares in the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Xcel Energy during the 4th quarter worth $30,000. Finally, Beacon Financial Strategies CORP bought a new stake in shares of Xcel Energy during the 4th quarter worth $33,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.