Fintel reports that on December 12, 2024, JP Morgan upgraded their outlook for Xcel Energy (NasdaqGS:XEL) from Neutral to Overweight.
Analyst Price Forecast Suggests 6.24% Upside
As of December 3, 2024, the average one-year price target for Xcel Energy is $72.76/share. The forecasts range from a low of $63.00 to a high of $82.95. The average price target represents an increase of 6.24% from its latest reported closing price of $68.49 / share.
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The projected annual revenue for Xcel Energy is 15,084MM, an increase of 9.60%. The projected annual non-GAAP EPS is 3.65.
What is the Fund Sentiment?
There are 1,875 funds or institutions reporting positions in Xcel Energy. This is an increase of 41 owner(s) or 2.24% in the last quarter. Average portfolio weight of all funds dedicated to XEL is 0.29%, an increase of 5.96%. Total shares owned by institutions increased in the last three months by 7.91% to 551,973K shares. 
The put/call ratio of XEL is 0.61, indicating a bullish outlook.
What are Other Shareholders Doing?
Price T Rowe Associates holds 20,474K shares representing 3.57% ownership of the company. In its prior filing, the firm reported owning 12,788K shares , representing an increase of 37.54%. The firm decreased its portfolio allocation in XEL by 5.97% over the last quarter.
Jpmorgan Chase holds 18,269K shares representing 3.18% ownership of the company. In its prior filing, the firm reported owning 19,615K shares , representing a decrease of 7.37%. The firm decreased its portfolio allocation in XEL by 92.88% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 17,708K shares representing 3.08% ownership of the company. In its prior filing, the firm reported owning 17,558K shares , representing an increase of 0.85%. The firm increased its portfolio allocation in XEL by 15.81% over the last quarter.
Massachusetts Financial Services holds 15,191K shares representing 2.65% ownership of the company. In its prior filing, the firm reported owning 14,298K shares , representing an increase of 5.88%. The firm decreased its portfolio allocation in XEL by 80.52% over the last quarter.
VFINX - Vanguard 500 Index Fund Investor Shares holds 14,601K shares representing 2.54% ownership of the company. In its prior filing, the firm reported owning 14,261K shares , representing an increase of 2.33%. The firm increased its portfolio allocation in XEL by 15.19% over the last quarter.
Xcel Energy Background Information
(This description is provided by the company.)
Xcel Energy provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices.
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