Price Target Update on Xcel Energy (NYSE:XEL)

Xcel Energy (NYSE:XEL) : Average target price received by Xcel Energy (NYSE:XEL) is $41.13 with an expected standard deviation of $3.31. The most aggressive target on the stock is $47, whereas the most downbeat target is $36. 8 financial analysts are currently covering the stock.

Other Equity analysts have also commented on the company shares. In a research note released to the investors, JP Morgan upgrades its rating on Xcel Energy (NYSE:XEL).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, JP Morgan raises the new price target from $39 per share to $47 per share. The rating by the firm was issued on June 16, 2016.

Xcel Energy (NYSE:XEL): stock turned positive on Thursday. Though the stock opened at $42.71, the bulls momentum made the stock top out at $42.75 level for the day. The stock recorded a low of $42.435 and closed the trading day at $42.7, in the green by 0.07%. The total traded volume for the day was 2,629,631. The stock had closed at $42.67 in the previous days trading.

The company shares have rallied 33.68% from its 1 Year high price. On Jun 21, 2016, the shares registered one year high at $43.11 and the one year low was seen on Jun 26, 2015. The 50-Day Moving Average price is $41.61 and the 200 Day Moving Average price is recorded at $39.46. On the companys insider trading activities, Eves David L, officer (President, PSCO) of Xcel Energy Inc, unloaded 6,698 shares at an average price of $35.57 on November 3, 2015. The total amount of the transaction was worth $238,248, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.

Xcel Energy Inc. is a public utility holding company. The Companys 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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