SunTrust Robinson Humphrey Maintains Xcel Energy Inc to Neutral with Price Target $40.00

Brokerage firm SunTrust Robinson Humphrey Maintains its rating on Xcel Energy Inc(NYSE:XEL). In a research note issued to the investors, the brokerage major Lowers the price-target to $40.00 per share. The shares have been rated Neutral. The rating by SunTrust Robinson Humphrey was issued on Sep 12, 2016.

In a different note, On Aug 29, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Xcel Energy Inc. In the research note, the firm Lowers the price-target to $42.00 per share. The shares have been rated ‘Neutral’ by the firm. On Aug 4, 2016, Jefferies said it Maintains its rating on Xcel Energy Inc. In the research note, the firm Raises the price-target to $42.00 per share. The shares have been rated ‘Hold’ by the firm. 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) shares turned negative on Tuesdays trading session with the shares closing down -0.16 points or -0.38% at a volume of 30,90,371. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $41.97. The peak price level was also seen at $41.97 while the days lowest was $41.5. Finally the shares closed at $41.52. The 52-week high of the shares is $45.42 while the 52-week low is $33.61. According to the latest information available, the market cap of the company is $21,090 M.

Xcel Energy Inc(XEL) last announced its earnings results on Aug 3, 2016 for Fiscal Year 2016 and Q2.Company reported revenue of $2.50B. Analysts had an estimated revenue of $2.52B. Earnings per share were $0.39. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Aug 30, 2016, Marvin E. Jr. Mcdaniel (EVP, Group Pres, & CAO) sold 11,900 shares at $41.78 per share price.Also, 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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