Xcel Energy Inc (XEL) is Upgraded by JP Morgan to Overweight

Xcel Energy Inc (XEL) was Upgraded by JP Morgan to ” Overweight”. Earlier the firm had a rating of “Neutral ” on the company shares. JP Morgan advised their investors in a research report released on Jun 16, 2016.

On the company’s financial health, Xcel Energy Inc reported $0.47 EPS for the quarter, based on the information available during the earnings call on May 9, 2016. Analyst had a consensus estimate of $0.47. The company had revenue of $2772.30 million for the quarter, compared to analysts expectations of $2969.87 million. The company’s revenue was down -6.4 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.46 EPS.

Xcel Energy Inc closed down -0.45 points or -1.05% at $42.34 with 30,83,906 shares getting traded on Wednesday. Post opening the session at $42.8, the shares hit an intraday low of $42.17 and an intraday high of $42.89 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, 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.

Xcel Energy Inc

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