Revenue Update on Xcel Energy Inc(NYSE:XEL)

Xcel Energy Inc(NYSE:XEL) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 3, 2016. Company reported revenue of $2.50B. Analysts estimated a revenue of $2.52B. Earnings per share were $0.39. Analysts had estimated an EPS of $0.41.

In a different note, On Jun 16, 2016, JP Morgan said it Upgrades its rating on Xcel Energy Inc. In the research note, the firm Raises the price-target to $39.00 per share. The shares have been rated ‘Overweight’ by the firm.

Xcel Energy Inc (XEL) made into the market gainers list on Fridays trading session with the shares advancing 0.21% or 0.09 points. Due to strong positive momentum, the stock ended at $42.8, which is also near the day’s high of $43.085. The stock began the session at $42.76 and the volume stood at 19,07,294 shares. The 52-week high of the shares is $45.42 and the 52 week low is $32.431. The company has a current market capitalization of $21,740 M and it has 50,79,52,800 shares in outstanding.

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.

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