Xcel Energy (NASDAQ:XEL) Lowered to Neutral at Credit Suisse Group

Credit Suisse Group downgraded shares of Xcel Energy (NASDAQ:XELGet Rating) from an outperform rating to a neutral rating in a report released on Monday, Marketbeat Ratings reports. The brokerage currently has $68.00 price target on the stock.

Several other research analysts also recently issued reports on the company. BMO Capital Markets lowered their price objective on Xcel Energy from $80.00 to $71.00 and set an outperform rating for the company in a research note on Wednesday, October 5th. KeyCorp lowered their price objective on Xcel Energy from $78.00 to $68.00 and set an overweight rating for the company in a research note on Thursday, October 20th. Wells Fargo & Company lowered their price objective on Xcel Energy from $79.00 to $69.00 and set an equal weight rating for the company in a research note on Wednesday, October 19th. StockNews.com assumed coverage on shares of Xcel Energy in a research report on Wednesday, October 12th. They set a hold rating for the company. Finally, Morgan Stanley increased their target price on shares of Xcel Energy from $59.00 to $63.00 and gave the company an equal weight rating in a research report on Friday, November 11th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of Moderate Buy and a consensus price target of $69.64.

Xcel Energy Stock Performance

Xcel Energy stock opened at $69.20 on Monday. The business has a 50 day moving average of $63.36 and a 200-day moving average of $69.14. Xcel Energy has a 1 year low of $56.89 and a 1 year high of $77.66. The company has a debt-to-equity ratio of 1.42, a current ratio of 1.04 and a quick ratio of 0.86. The company has a market capitalization of $37.87 billion, a P/E ratio of 22.61, a P/E/G ratio of 3.36 and a beta of 0.40.

Insiders Place Their Bets

In other Xcel Energy news, SVP Frank P. Prager sold 1,138 shares of the stock in a transaction that occurred on Wednesday, November 16th. The stock was sold at an average price of $68.48, for a total transaction of $77,930.24. Following the transaction, the senior vice president now directly owns 28,036 shares in the company, valued at approximately $1,919,905.28. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 0.05% of the company’s stock.

Hedge Funds Weigh In On Xcel Energy

A number of institutional investors and hedge funds have recently modified their holdings of the business. HHM Wealth Advisors LLC bought a new position in shares of Xcel Energy in the 2nd quarter worth $26,000. Brown Brothers Harriman & Co. lifted its holdings in shares of Xcel Energy by 129.1% in the 2nd quarter. Brown Brothers Harriman & Co. now owns 362 shares of the company’s stock worth $26,000 after purchasing an additional 204 shares in the last quarter. Old North State Trust LLC bought a new position in Xcel Energy during the 3rd quarter valued at $26,000. Eagle Bay Advisors LLC lifted its stake in Xcel Energy by 3,035.7% during the 1st quarter. Eagle Bay Advisors LLC now owns 439 shares of the company’s stock valued at $32,000 after acquiring an additional 425 shares in the last quarter. Finally, Burleson & Company LLC bought a new position in Xcel Energy during the 3rd quarter valued at $32,000. 77.52% of the stock is currently owned by institutional investors.

Xcel Energy Company Profile

(Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

Further Reading

Analyst Recommendations for Xcel Energy (NASDAQ:XEL)

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