JP Morgan Upgrades Xcel Energy Inc to Overweight with Price Target $47.00

Brokerage firm JP Morgan Upgrades its rating on Xcel Energy Inc(NYSE:XEL). In a research note issued to the investors, the brokerage major Raises the price-target to $47.00 per share. The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by JP Morgan was issued on Jun 16, 2016.

Xcel Energy Inc (XEL) made into the market gainers list on Tuesdays trading session with the shares advancing 0.21% or 0.09 points. Due to strong positive momentum, the stock ended at $42.84, which is also near the day’s high of $43.11. The stock began the session at $42.73 and the volume stood at 23,02,112 shares. The 52-week high of the shares is $43.11 and the 52 week low is $31.76. The company has a current market capitalization of $21,761 M and it has 50,79,52,800 shares in outstanding.

Xcel Energy Inc(XEL) last announced its earnings results on May 9, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $2.77B. Analysts had an estimated revenue of $3.00B. Earnings per share were $0.47. Analysts had estimated an EPS of $0.47.

Several Insider Transactions has been reported to the SEC. On Nov 5, 2015, David L Eves (President, PSCO) sold 6,698 shares at $35.57 per share price.

Xcel Energy Inc. is a public utility holding company. The Company’s operations include the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states. These utility subsidiaries are NSP-Minnesota NSP-Wisconsin Public Service Company of Colorado (PSCo) and Southwestern Public Service Co. (SPS) and serve customers in portions of Colorado Michigan Minnesota New Mexico North Dakota South Dakota Texas and Wisconsin. Its segments include regulated electric utility regulated natural gas utility and all other. The regulated electric utility segment generates transmits and distributes electricity in Minnesota Wisconsin Michigan North Dakota South Dakota Colorado Texas and New Mexico. Regulated electric utility also includes commodity trading operations. The regulated natural gas utility segment transports stores and distributes natural gas primarily in portions of Minnesota Wisconsin North Dakota Michigan and Colorado.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *

Xcel Energy Inc - Is it time to Sell?

Top Brokerage Firms are advising their investors on Xcel Energy Inc. Subscribe to MoneyFlowIndex.Org Pre-Market Alerts, You will be the first to know the street buzz.