Xcel Energy (XEL) : 10 analysts are covering Xcel Energy (XEL) and their average rating on the stock is 2.8, which is read as a Hold. 2 equity analysts believe that the stock has a bright future and the price doesnt capture all of its upside, hence they rate the stock as a Strong Buy. A Zacks Investment Research rank of 4, which recommends a Sell affirms that they expect a large upside in the stock from the current levels. However, 1 analysts consider that the stock has more downward risks ahead, hence, they suggest a Strong Sell on the stock. A total of 7 brokerage firms believe that the stock is fairly valued, hence they advise a Hold on the stock.
Xcel Energy (XEL) stock is expected to deviate a maximum of $4.16 from the average target price of $41.43 for the short term period. 7 Street Experts have initiated coverage on the stock with the most promising target being $48 and the most muted being $36.
Also, In a research note released to the investors, SunTrust Robinson Humphrey maintains its rating on Xcel Energy (NYSE:XEL).The analysts at the brokerage house have a current rating of Neutral on the shares. In a recent information released to the investors, SunTrust Robinson Humphrey lowers the new price target from $42 per share to $41 per share. The rating by the firm was issued on August 29, 2016.
Xcel Energy (NYSE:XEL): After opening at $40.63, the stock dipped to an intraday low of $40.56 on Thursday. However, the bulls stepped in to buy at lower levels and pushed the stock higher. The stock touched an intraday high of $40.95 and the buying power remained strong till the end. The stock closed at $40.86 for the day, a gain of 0.25% for the day session. The total traded volume was 2,943,758. The stocks close on the previous trading day was $40.76.
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.