Xcel Energy (NYSE:XEL) was upgraded by investment analysts at Morgan Stanley from an “equal weight” rating to an “overweight” rating in a research report issued on Tuesday, MarketBeat Ratings reports. The firm presently has a $48.00 target price on the utilities provider’s stock. Morgan Stanley’s price objective indicates a potential upside of 11.06% from the stock’s current price.

A number of other equities analysts have also recently commented on XEL. Bank of America started coverage on Xcel Energy in a report on Tuesday, October 24th. They set a “buy” rating and a $53.00 target price for the company. SunTrust Banks restated a “hold” rating and set a $47.00 target price on shares of Xcel Energy in a report on Tuesday, October 24th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Tuesday, December 12th. Finally, Royal Bank of Canada restated a “hold” rating and set a $49.00 target price on shares of Xcel Energy in a report on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Hold” and an average target price of $48.00.

Xcel Energy (XEL) opened at $43.22 on Tuesday. Xcel Energy has a twelve month low of $41.16 and a twelve month high of $52.22. The company has a market capitalization of $21,950.00, a PE ratio of 19.12, a P/E/G ratio of 3.18 and a beta of 0.12. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27.

Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. equities analysts anticipate that Xcel Energy will post 2.44 earnings per share for the current fiscal year.

In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the sale, the executive vice president now owns 81,371 shares of the company’s stock, valued at approximately $4,155,616.97. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.22% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the business. SeaCrest Wealth Management LLC acquired a new stake in Xcel Energy in the 4th quarter valued at about $105,000. Assetmark Inc. raised its position in shares of Xcel Energy by 118.9% during the 3rd quarter. Assetmark Inc. now owns 2,191 shares of the utilities provider’s stock worth $104,000 after acquiring an additional 1,190 shares in the last quarter. Krilogy Financial LLC acquired a new stake in shares of Xcel Energy during the 3rd quarter worth about $127,000. BB&T Investment Services Inc. raised its position in shares of Xcel Energy by 73.3% during the 3rd quarter. BB&T Investment Services Inc. now owns 2,730 shares of the utilities provider’s stock worth $145,000 after acquiring an additional 1,155 shares in the last quarter. Finally, Avestar Capital LLC acquired a new stake in shares of Xcel Energy during the 4th quarter worth about $134,000. 73.96% of the stock is currently owned by institutional investors.

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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.

Analyst Recommendations for Xcel Energy (NYSE:XEL)

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