UBS Upgrades Xcel Energy Inc to Neutral

Brokerage firm UBS Upgrades its rating on Xcel Energy Inc(NYSE:XEL). The shares have been rated Neutral. Previously, the analysts had a Sell rating on the shares. The rating by UBS was issued on Sep 19, 2016.

In a different note, On Sep 12, 2016, SunTrust Robinson Humphrey said it Maintains its rating on Xcel Energy Inc. In the research note, the firm Lowers the price-target to $41.00 per share. The shares have been rated ‘Neutral’ by the firm. 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.

Xcel Energy Inc (XEL) made into the market gainers list on Thursdays trading session with the shares advancing 0.82% or 0.35 points. Due to strong positive momentum, the stock ended at $42.9, which is also near the day’s high of $42.94. The stock began the session at $42.75 and the volume stood at 28,22,121 shares. The 52-week high of the shares is $45.42 and the 52 week low is $33.61. The company has a current market capitalization of $21,791 M and it has 50,79,52,800 shares in outstanding.

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.

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.