Bank of America Securities analyst Paul Cole maintained a Buy rating on Xcel Energy (XEL – Research Report) today. The company’s shares opened today at $53.87.
Xcel Energy has an analyst consensus of Moderate Buy, with a price target consensus of $61.20, implying a 13.61% upside from current levels. In a report released today, KeyBanc also maintained a Buy rating on the stock with a $65.00 price target.
Based on Xcel Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.44 billion and a net profit of $409 million. In comparison, last year the company earned a revenue of $4.05 billion and had a net profit of $379 million
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Xcel Energy (XEL) Company Description:
Xcel Energy Inc. engages in generating, purchasing, transmitting, distributing, and selling electricity. It generates electricity through nuclear, natural gas, coal, hydroelectric, wood/refuse, solar, and wind energy sources. The company sells to residential, commercial, and industrial customers in eight Western and Midwestern states.
Read More on XEL:
- Xcel Energy call volume above normal and directionally bullish
- Early notable gainers among liquid option names on March 11th
- Barclays upgrades Xcel Energy, says Texas wildfire selloff overdone
- Xcel Energy upgraded to Overweight from Equal Weight at Barclays
- Xcel Energy upgraded to Outperform from Peer Perform at Wolfe Research
