Xcel Energy Inc. (NYSE:XEL) rose 1.2% during mid-day trading on Wednesday . The company traded as high as $42.44 and last traded at $42.15, with a volume of 4,001,156 shares changing hands. The stock had previously closed at $41.64.

XEL has been the topic of a number of research reports. Jefferies Group boosted their price objective on Xcel Energy from $42.00 to $45.00 and gave the company a “hold” rating in a research note on Thursday, August 4th. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 target price for the company in a report on Tuesday, July 12th. Argus reaffirmed a “buy” rating and set a $48.00 target price (up previously from $46.00) on shares of Xcel Energy in a report on Wednesday, June 15th. Finally, JPMorgan Chase & Co. raised Xcel Energy from a “neutral” rating to an “overweight” rating and lifted their target price for the company from $39.00 to $47.00 in a report on Thursday, June 16th. Two investment analysts have rated the stock with a sell rating, five have given a hold rating and three have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and a consensus target price of C$38.71.

The company has a 50-day moving average of $43.63 and a 200 day moving average of $41.51. The firm has a market capitalization of $21.50 billion and a P/E ratio of 20.07.

Xcel Energy (NYSE:XEL) last posted its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. During the same quarter last year, the company posted $0.39 earnings per share. The business earned $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, equities research analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.

Other hedge funds and institutional investors have recently bought and sold shares of the company. BlackRock Advisors LLC increased its position in Xcel Energy by 27.3% in the fourth quarter. BlackRock Advisors LLC now owns 1,216,646 shares of the company’s stock worth $43,690,000 after buying an additional 261,102 shares in the last quarter. Principal Financial Group Inc. increased its position in Xcel Energy by 1.9% in the fourth quarter. Principal Financial Group Inc. now owns 764,907 shares of the company’s stock worth $27,468,000 after buying an additional 14,453 shares in the last quarter. RS Investment Management Co. LLC purchased a new position in Xcel Energy during the fourth quarter worth $5,826,000. KBC Group NV increased its position in Xcel Energy by 2.5% in the fourth quarter. KBC Group NV now owns 60,752 shares of the company’s stock worth $2,182,000 after buying an additional 1,475 shares in the last quarter. Finally, CORDA Investment Management LLC. increased its position in Xcel Energy by 2.0% in the fourth quarter. CORDA Investment Management LLC. now owns 46,499 shares of the company’s stock worth $1,669,000 after buying an additional 930 shares in the last quarter.

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.

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