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UPDATE: Jefferies Raises PT on Xcel Energy Following 1Q13 Earnings

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Xcel Energy Evenly Poised - Analyst Blog

In a report published Friday, Jefferies analyst Paul B. Fremont reiterated a Hold rating on Xcel Energy (NYSE: XEL), and raised the price target from $30.50 to $32.50.

In the report, Fremont noted, “1Q13 earnings of $0.48 were above prior year result of $0.38 and consensus of $0.45. The improved quarter result was driven by rate increases in cold winter weather. We are increasing our 2015 estimate to reflect anticipated future rate increases.”

Xcel Energy closed on Thursday at $31.35.

Latest Ratings for XEL

DateFirmActionFromTo
Sep 2014SunTrust Robinson HumphreyMaintainsNeutral
Aug 2014JefferiesMaintainsBuy
May 2014JP MorganMaintainsUnderweight

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