Barclays Maintains an 'Equalweight' on Xcel Energy (XEL); Reiterates Solid Story at Analyst Day
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Price: $78.71 --0%
Rating Summary:
18 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
Rating Summary:
18 Buy, 6 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 8 | Down: 5 | New: 26
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Barclays maintains an 'Equalweight' on Xcel Energy (NYSE: XEL) price target of $27.00.
Barclays analyst says, "XEL hosted an analyst day in New York on Thursday, and the key takeaways were a reaffirmation of 2011 and 2012 guidance, continued operational competence, a modest increase of the five-year capex budget, and continued expectations for delivering a 10% total return to shareholders. We believe all of this to be the case. The company introduced an updated capex plan, with the five-year budget increased to $13.4B, above the previous $12.7B plan."
"The Black Dog repowering project, which was slated to cost $600 million and be completed in 2016, looks to have been pushed out to 2018. This change in timing was reflected in the capex budget noted above."
For an analyst ratings summary and ratings history on Xcel Energy click here. For more ratings news on Xcel Energy click here.
Shares of Xcel Energy closed at $25.84 yesterday.
Barclays analyst says, "XEL hosted an analyst day in New York on Thursday, and the key takeaways were a reaffirmation of 2011 and 2012 guidance, continued operational competence, a modest increase of the five-year capex budget, and continued expectations for delivering a 10% total return to shareholders. We believe all of this to be the case. The company introduced an updated capex plan, with the five-year budget increased to $13.4B, above the previous $12.7B plan."
"The Black Dog repowering project, which was slated to cost $600 million and be completed in 2016, looks to have been pushed out to 2018. This change in timing was reflected in the capex budget noted above."
For an analyst ratings summary and ratings history on Xcel Energy click here. For more ratings news on Xcel Energy click here.
Shares of Xcel Energy closed at $25.84 yesterday.
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