Zacks Investment Research downgraded Xcel Energy Inc (NYSE:XEL) to Sell in a report released today.
- Updated: September 24, 2016
Zacks Investment Research has downgraded Xcel Energy Inc (NYSE:XEL) to Sell in a statement released on 9/21/2016.
Previously on 09/19/2016, UBS Securities reported about Xcel Energy Inc (NYSE:XEL) bumped up the target price from $0.00 to $40.00 that suggested a downside of -0.03%.
Having a price of $41.62, Xcel Energy Inc (NYSE:XEL) traded 0.40% higher on the day. The last closing price is down 2.69% from the 200-day moving average, compared to the Standard & Poor's 500 Index which has decreased -0.01% over the same period. XEL has recorded a 50-day average of $41.99 and a two hundred day average of $41.94. Trade Volume was up over the average, with 4,346,625 shares of XEL changing hands over the typical 3,138,790
See Chart Below
Xcel Energy Inc has a price-earnings ratio of 20.42 with a one year low of $34.33 and a one year high of $45.42 XEL’s total market value is presently $0.
A total of 12 brokerages have released a report on Xcel Energy Inc. Three brokerages rating the company a strong buy, one brokerage rating the company a buy, 11 brokers rating the stock a hold, 1 broker rating the stock a underperform, and finally 0 brokers rating the stock a sell with a consensus target price of $38.42.
General Information 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.
Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.