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Xcel Energy (NYSE:XEL) was upgraded by equities researchers at ISI Group from a “neutral” rating to a “buy” rating in a research report issued on Tuesday, TheFlyOnTheWall.com reports.

The company also recently announced a quarterly dividend, which is scheduled for Monday, January 20th. Investors of record on Friday, December 27th will be paid a dividend of 0.28 per share. This represents a $1.12 annualized dividend and a dividend yield of 3.98%. The ex-dividend date is Tuesday, December 24th.

Other equities research analysts have also recently issued reports about the stock. Analysts at Barclays cut their price target on shares of Xcel Energy from $33.00 to $30.00 in a research note to investors on Monday, January 6th. They now have an “equal weight” rating on the stock. Separately, analysts at Jefferies Group cut their price target on shares of Xcel Energy from $33.00 to $30.50 in a research note to investors on Monday, January 6th. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Xcel Energy in a research note to investors on Friday, December 27th. They now have a $29.00 price target on the stock. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and two have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and a consensus price target of $30.50.

Xcel Energy Inc is a holding company with subsidiaries engaged primarily in the utility business. During the year ended December 31, 2012, the Company’s operations included the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states.

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