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Equities research analysts at Jefferies Group decreased their price objective on shares of Xcel Energy (NYSE:XEL) from $36.00 to $34.50 in a research note issued to investors on Friday. The firm currently has a “buy” rating on the stock. Jefferies Group’s price target would suggest a potential upside of 11.36% from the company’s current price.

Several other analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Xcel Energy in a research note on Thursday, June 12th. They now have a $32.00 price target on the stock. Separately, analysts at JPMorgan Chase & Co. reiterated an “underweight” rating on shares of Xcel Energy in a research note on Wednesday, May 7th. They now have a $29.00 price target on the stock, up previously from $28.00. Finally, analysts at ISI Group raised their price target on shares of Xcel Energy from $30.00 to $33.00 in a research note on Monday, May 5th. Two investment analysts have rated the stock with a sell rating, one has assigned a hold rating and one has issued a buy rating to the stock. Xcel Energy currently has an average rating of “Hold” and an average price target of $31.42.

Shares of Xcel Energy (NYSE:XEL) opened at 30.98 on Friday. Xcel Energy has a 52 week low of $26.90 and a 52 week high of $32.37. The stock’s 50-day moving average is $31.52 and its 200-day moving average is $30.46. The company has a market cap of $15.551 billion and a P/E ratio of 15.79. Xcel Energy also saw a large decline in short interest in July. As of July 15th, there was short interest totalling 17,449,436 shares, a decline of 31.7% from the June 30th total of 25,533,647 shares. Based on an average trading volume of 2,375,800 shares, the days-to-cover ratio is presently 7.3 days. Approximately 3.5% of the company’s shares are sold short.

Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.02. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Xcel Energy will post $2.00 earnings per share for the current fiscal year.

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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