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Zacks Investment Research disclosed Xcel Energy Inc (NYSE:XEL), upping its stock price target to $44.00 today

In a report issued Wednesday October 12, 2016 Zacks Investment Research upped the price target of Xcel Energy Inc (NYSE:XEL) to $44.00 stating a possible upside of 0.12%.

Just yesterday Xcel Energy Inc (NYSE:XEL) traded 0.68% higher at $39.42. The company’s 50-day moving average is $41.39 and its 200-day moving average is $41.94. The last stock close price is down -5.29% from the 200-day moving average, compared to the S&P 500 which has decreased -0.01% over the same time. 3,236,225 shares of the stock were exchanged, up from an average trading volume of 3,107,430

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Xcel Energy Inc (NYSE:XEL)

Xcel Energy Inc has a 52 week low of $34.33 and a 52 week high of $45.42 with a P/E ratio of 18.83 The company’s market cap is currently $0.

In addition to Zacks Investment Research reporting its target price, a total of 12 firms have reported on the stock. The consensus target price is $38.42 with 3 firms rating the stock a strong buy, 1 firm rating the stock a buy, 11 firms rating the stock a hold, 1 firm rating the stock a underperform, and finally 0 firms rating the stock a sell.

About Xcel Energy Inc (NYSE:XEL)

Xcel Energy Inc. is a public utility holding company. The Company's operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are 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. The regulated electric utility segment 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. The all other category primarily includes steam revenue, appliance repair services, nonutility real estate activities, revenues associated with processing solid waste into refuse-derived fuel and investments in rental housing projects that qualify for low-income housing tax credits.

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