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

Credit Suisse Group cut shares of Xcel Energy (NASDAQ:XELGet Rating) from an outperform rating to a neutral rating in a research note published on Monday, MarketBeat.com reports. The brokerage currently has $68.00 price objective on the stock.

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

Xcel Energy Price Performance

NASDAQ XEL opened at $69.20 on Monday. The company has a current ratio of 1.04, a quick ratio of 0.86 and a debt-to-equity ratio of 1.42. The company has a fifty day simple moving average of $63.36 and a 200 day simple moving average of $69.14. The company has a market cap 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. Xcel Energy has a 1 year low of $56.89 and a 1 year high of $77.66.

Insider Buying and Selling at Xcel Energy

In other Xcel Energy news, SVP Frank P. Prager sold 1,138 shares of Xcel Energy stock in a transaction that occurred on Wednesday, November 16th. The shares were sold at an average price of $68.48, for a total value of $77,930.24. Following the transaction, the senior vice president now owns 28,036 shares of the company’s stock, valued at $1,919,905.28. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 0.05% of the company’s stock.

Institutional Trading of Xcel Energy

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Toroso Investments LLC raised its holdings in shares of Xcel Energy by 5.2% in the third quarter. Toroso Investments LLC now owns 6,553 shares of the company’s stock valued at $419,000 after purchasing an additional 325 shares during the last quarter. IHT Wealth Management LLC acquired a new stake in shares of Xcel Energy in the third quarter valued at approximately $478,000. B. Riley Wealth Advisors Inc. raised its holdings in shares of Xcel Energy by 8.5% in the third quarter. B. Riley Wealth Advisors Inc. now owns 8,961 shares of the company’s stock valued at $574,000 after purchasing an additional 704 shares during the last quarter. Teachers Retirement System of The State of Kentucky acquired a new stake in shares of Xcel Energy in the third quarter valued at approximately $3,326,000. Finally, Industrial Alliance Investment Management Inc. raised its holdings in shares of Xcel Energy by 4.4% in the third quarter. Industrial Alliance Investment Management Inc. now owns 34,096 shares of the company’s stock valued at $2,182,000 after purchasing an additional 1,423 shares during the last quarter. 77.52% of the stock is currently owned by institutional investors and hedge funds.

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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