Xcel Energy (XEL) Reaches $47.68 After 3.00% Up Move; Leggett & Platt (LEG) Shorts Lowered By 9.99%

June 20, 2017 - By Marguerite Chambers

The stock of Xcel Energy Inc (NYSE:XEL) is a huge mover today! About 200,798 shares traded. Xcel Energy Inc (NYSE:XEL) has risen 13.18% since June 20, 2016 and is uptrending. It has underperformed by 3.52% the S&P500.The move comes after 7 months positive chart setup for the $24.11 billion company. It was reported on Jun, 20 by Barchart.com. We have $49.11 PT which if reached, will make NYSE:XEL worth $723.30 million more.

Leggett & Platt Incorporated (NYSE:LEG) had a decrease of 9.99% in short interest. LEG’s SI was 8.46 million shares in June as released by FINRA. Its down 9.99% from 9.40 million shares previously. With 979,400 avg volume, 9 days are for Leggett & Platt Incorporated (NYSE:LEG)’s short sellers to cover LEG’s short positions. About 73,184 shares traded. Leggett & Platt, Inc. (NYSE:LEG) has risen 4.35% since June 20, 2016 and is uptrending. It has underperformed by 12.35% the S&P500.

Xcel Energy Inc. is a public utility holding company. The company has market cap of $24.11 billion. The Company’s activities include the activity of four utility subsidiaries that serve electric and natural gas clients in eight states. It has a 21.66 P/E ratio. The Company’s divisions include regulated electric utility, regulated natural gas utility and all other.

Among 11 analysts covering Xcel Energy Inc. (NYSE:XEL), 1 have Buy rating, 1 Sell and 9 Hold. Therefore 9% are positive. Xcel Energy Inc. had 25 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Neutral” on Monday, March 7. The firm has “Hold” rating by Jefferies given on Wednesday, October 21. On Thursday, June 16 the stock rating was upgraded by JP Morgan to “Overweight”. The rating was downgraded by Jefferies to “Hold” on Friday, October 16. The firm has “Overweight” rating by Barclays Capital given on Friday, March 18. The stock of Xcel Energy Inc (NYSE:XEL) earned “Sell” rating by Zacks on Thursday, September 3. SunTrust maintained Xcel Energy Inc (NYSE:XEL) on Monday, October 19 with “Neutral” rating. On Friday, January 29 the stock rating was downgraded by Macquarie Research to “Neutral”. UBS upgraded Xcel Energy Inc (NYSE:XEL) rating on Monday, September 19. UBS has “Neutral” rating and $40 target. The stock of Xcel Energy Inc (NYSE:XEL) earned “Neutral” rating by SunTrust on Monday, September 26.

Since February 7, 2017, it had 1 insider buy, and 0 selling transactions for $41,447 activity. $41,447 worth of Xcel Energy Inc (NYSE:XEL) shares were bought by PROKOPANKO JAMES T.

Analysts await Xcel Energy Inc (NYSE:XEL) to report earnings on August, 2. They expect $0.42 EPS, up 7.69% or $0.03 from last year’s $0.39 per share. XEL’s profit will be $212.38 million for 28.38 P/E if the $0.42 EPS becomes a reality. After $0.47 actual EPS reported by Xcel Energy Inc for the previous quarter, Wall Street now forecasts -10.64% negative EPS growth.

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.12, from 1 in 2016Q3. It is positive, as 35 investors sold Xcel Energy Inc shares while 183 reduced holdings. 70 funds opened positions while 175 raised stakes. 353.97 million shares or 2.29% more from 346.05 million shares in 2016Q3 were reported. Sei reported 165,374 shares. Finemark State Bank & Tru reported 0.07% stake. Qs Investors Ltd Liability Com has 0.02% invested in Xcel Energy Inc (NYSE:XEL) for 66,973 shares. Koshinski Asset Mngmt holds 20,579 shares or 0% of its portfolio. Fifth Third National Bank reported 21,686 shares. Americafirst Capital Mngmt Limited reported 43,023 shares. 5,913 are held by First Financial Bank Sioux Falls. 177 are held by Cantab Capital Ptnrs Llp. Lazard Asset Mgmt holds 836,528 shares. Regentatlantic Capital Lc holds 0.12% or 30,201 shares in its portfolio. Northpointe Ltd Liability Corporation reported 0.43% of its portfolio in Xcel Energy Inc (NYSE:XEL). Moreover, Envestnet Asset Mngmt Inc has 0% invested in Xcel Energy Inc (NYSE:XEL) for 23,235 shares. Cornerstone Lc has 0.13% invested in Xcel Energy Inc (NYSE:XEL) for 417,209 shares. Coastline reported 0.09% of its portfolio in Xcel Energy Inc (NYSE:XEL). Prudential Public Ltd Company has invested 0% of its portfolio in Xcel Energy Inc (NYSE:XEL).

Investors sentiment decreased to 0.88 in 2016 Q4. Its down 0.70, from 1.58 in 2016Q3. It dropped, as 50 investors sold Leggett & Platt, Inc. shares while 163 reduced holdings. 60 funds opened positions while 128 raised stakes. 91.89 million shares or 4.39% more from 88.03 million shares in 2016Q3 were reported. Koshinski Asset Mngmt Incorporated has 0% invested in Leggett & Platt, Inc. (NYSE:LEG). Nomura Holdg Inc accumulated 63,915 shares. Mark Sheptoff Fincl Planning Ltd Liability Corporation reported 95 shares or 0% of all its holdings. Cibc Ww Mkts has invested 0% in Leggett & Platt, Inc. (NYSE:LEG). Lawson Kroeker Mngmt Ne stated it has 0.16% of its portfolio in Leggett & Platt, Inc. (NYSE:LEG). Commonwealth Of Pennsylvania School Empls Retrmt has 0.01% invested in Leggett & Platt, Inc. (NYSE:LEG) for 7,663 shares. Motco stated it has 300 shares or 0% of all its holdings. Barclays Plc has 64,866 shares for 0% of their portfolio. Wedge Management L Limited Partnership Nc has invested 0.01% in Leggett & Platt, Inc. (NYSE:LEG). Paloma Partners Mgmt stated it has 0.01% of its portfolio in Leggett & Platt, Inc. (NYSE:LEG). Exxonmobil Inv Tx holds 0.03% or 30,942 shares. State Of Wisconsin Invest Board reported 72,606 shares stake. Sterling Capital Mgmt Ltd Co holds 0.01% or 13,064 shares in its portfolio. Bessemer Gp has 0% invested in Leggett & Platt, Inc. (NYSE:LEG). Blackrock Fund stated it has 5.17 million shares or 0.05% of all its holdings.

Among 5 analysts covering Leggett & Platt (NYSE:LEG), 4 have Buy rating, 1 Sell and 0 Hold. Therefore 80% are positive. Leggett & Platt had 7 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was downgraded by Zacks on Wednesday, August 5 to “Buy”. As per Monday, June 5, the company rating was initiated by Piper Jaffray. The company was upgraded on Monday, August 31 by Raymond James. The firm has “Underperform” rating by Hilliard Lyons given on Friday, July 29. On Friday, September 11 the stock rating was upgraded by JP Morgan to “Overweight”. Raymond James upgraded Leggett & Platt, Inc. (NYSE:LEG) on Wednesday, February 1 to “Strong Buy” rating.

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