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Analysts Offer Insights on Utilities Companies: Xcel Energy (XEL) and Public Service Enterprise (PEG)

Tipranks - Thu Aug 13, 10:16AM CDT

There’s a lot to be optimistic about in the Utilities sector as 2 analysts just weighed in on Xcel Energy (XEL) and Public Service Enterprise (PEG) with bullish sentiments.

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Xcel Energy (XEL)

Bank of America Securities analyst Paul Cole maintained a Buy rating on Xcel Energy today. The company’s shares closed last Wednesday at $78.01.

Cole has an average return of 9.0% when recommending Xcel Energy. ;'>

According to TipRanks.com, Cole is ranked #3494 out of 12469 analysts.

Currently, the analyst consensus on Xcel Energy is a Strong Buy with an average price target of $93.64, which is a 20.6% upside from current levels. In a report issued on July 30, TipRanks – DeepSeek also upgraded the stock to Buy with a $90.00 price target.

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Public Service Enterprise (PEG)

Bank of America Securities analyst Ross Fowler maintained a Buy rating on Public Service Enterprise today. The company’s shares closed last Wednesday at $75.75.

According to TipRanks.com, Fowler is a 4-star analyst with an average return of 6.0% and a 60.4% success rate. Fowler covers the Utilities sector, focusing on stocks such as American Electric Power, Mdu Resources Group, and Centerpoint Energy. ;'>

Currently, the analyst consensus on Public Service Enterprise is a Moderate Buy with an average price target of $85.44, which is a 13.2% upside from current levels. In a report issued on August 5, BTIG also maintained a Buy rating on the stock with a $94.00 price target.

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