Xcel Energy (XEL): Price Target and June Short Interest Disclosure

Xcel Energy (XEL) : 8 investment research analysts covering Xcel Energy (XEL) have an average price target of $41.38 for the near short term. The highest target price given by the Brokerage Firm to the stock is $47 and the lowest target is $36 for the short term. Analysts expect the variance to be within $3.46 of the average price.

Xcel Energy (XEL) reported a drop of 0.3% or 39,817 shares in its short interest. The short figure came in at 2.3% of the total floats. The average daily volume of 3,639,909 shares suggests that the days to cover 11,686,092 short positions, as on June 30,2016, will be 3. On June 15,2016, the short interest was 11,725,909 shares. The information was released by Financial Industry Regulatory Authority, Inc (FINRA) on June 12th.

Also, Brokerage firm JP Morgan upgrades its rating on Xcel Energy (NYSE:XEL). As per the latest information, the brokerage house raises the price target to $47 per share from a prior target of $39. The shares have been rated Overweight. Previously, the analysts had a Neutral rating on the shares. The rating by the firm was issued on June 16, 2016.


Xcel Energy (NYSE:XEL): On Thursdays trading session , Opening price of the stock was $43.62 with an intraday high of $43.84. The bears continued to sell at higher levels and eventually sold the stock down to an intraday low of $43.44. However, the stock managed to close at $43.61, a loss of 0.77% for the day. On the previous day, the stock had closed at $43.95. The total traded volume of the day was 3,825,393 shares.

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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