Initiated Outperform X

XEL Xcel Energy

Evercore ISI

$92

Upgrades Mkt Perform Outperform X

XEL Xcel Energy

BMO Capital Markets

$80

Upgrades Eq Weight Overweight X

XEL Xcel Energy

Wells Fargo

$70 $72

Upgrades Neutral Overweight X

XEL Xcel Energy

JP Morgan

$69 $80

Upgrades Hold Buy X

XEL Xcel Energy

Jefferies

$71 $76

Initiated Hold X

XEL Xcel Energy

Jefferies

$70

Upgrades Eq Weight Overweight X

XEL Xcel Energy

Barclays

$61 $54

Upgrades Peer Perform Outperform X

XEL Xcel Energy

Wolfe Research

$58

Upgrades Neutral Buy X

XEL Xcel Energy

BofA Securities

$58 $66

Initiated Equal Weight X

XEL Xcel Energy

Barclays

$60

Downgrades Buy Neutral X

XEL Xcel Energy

BofA Securities

$72 $60

Downgrades Outperform Mkt Perform X

XEL Xcel Energy

BMO Capital Markets

Initiated Buy X

XEL Xcel Energy

Goldman

$75

Downgrades Overweight Neutral X

XEL Xcel Energy

JP Morgan

$79 $68

Downgrades Outperform Peer Perform X

XEL Xcel Energy

Wolfe Research

Downgrades Outperform Neutral X

XEL Xcel Energy

Credit Suisse

$68

Upgrades Peer Perform Outperform X

XEL Xcel Energy

Wolfe Research

$69

Initiated Outperform X

XEL Xcel Energy

Credit Suisse

$80

Upgrades In-line Outperform X

XEL Xcel Energy

Evercore ISI

$75

Upgrades Neutral Buy X

XEL Xcel Energy

Mizuho

$64 $72

Upgrades Mkt Perform Outperform X

XEL Xcel Energy

BMO Capital Markets

$68 $70

Upgrades Neutral Buy X

XEL Xcel Energy

BofA Securities

$67 $72

Upgrades Underweight Eq-Weight X

XEL Xcel Energy

Morgan Stanley

$65

Upgrades Neutral Buy X

XEL Xcel Energy

Goldman

$73 $76

Upgrades Eq Weight Overweight X

XEL Xcel Energy

Barclays

$75 $76

Downgrades Overweight Eq Weight X

XEL Xcel Energy

Barclays

$64

Resumed Overweight X

XEL Xcel Energy

KeyBanc Capital Markets

$62

Downgrades Overweight Eq-Weight X

XEL Xcel Energy

Morgan Stanley

Downgrades Buy Neutral X

XEL Xcel Energy

BofA/Merrill

Upgrades Eq-Weight Overweight X

XEL Xcel Energy

Morgan Stanley

XEL  Xcel Energy Inc.

Xcel Energy Inc. is a public utility holding company. The Company's operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company's segments include regulated electric utility, regulated natural gas utility and all other. The Company's utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co. (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Along with WYCO Development LLC (WYCO), a joint venture formed with Colorado Interstate Gas Company, LLC (CIG) to develop and lease natural gas pipelines storage and compression facilities, and WestGas InterState, Inc. (WGI), an interstate natural gas pipeline company, these companies comprise the regulated utility operations.