Zacks Investment Research upgraded Xcel Energy Inc (NYSE:XEL) to Hold in a statement released earlier today.
- Updated: October 6, 2016
Zacks Investment Research has upgraded Xcel Energy Inc (NYSE:XEL) to Hold in a statement released on Thursday October 06, 2016.
Boasting a price of $39.52, Xcel Energy Inc (NYSE:XEL) traded 0.25% higher on the day. With the last stock price close down -5.65% from the two hundred day average, compared with the S&P 500 Index which has decreased -0.01% over the date range. Xcel Energy Inc has recorded a 50-day average of $41.72 and a two hundred day average of $41.98. Volume of trade was down over the average, with 1,991,031 shares of XEL changing hands under the typical 3,130,500
With a total market value of $0, Xcel Energy Inc has price-earnings ratio of 18.78 with a one year low of $34.33 and a one year high of $45.42 .
A total of 12 equity analysts have released a ratings update on XEL. Three equity analysts rating the company a strong buy, one equity analyst rating the company a buy, eleven equity analysts rating the company a hold, one equity analyst rating the company a underperform, and finally zero equity analysts rating the company a sell with a one year target of $38.42.
Brief Synopsis 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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