Jefferies Keeps Their Buy Rating on Xcel Energy (XEL)

Jefferies analyst Julien Dumoulin Smith reiterated a Buy rating on Xcel Energy today and set a price target of $99.00.

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According to TipRanks, Dumoulin Smith is a 5-star analyst with an average return of 9.2% and a 62.90% success rate. Dumoulin Smith covers the Utilities sector, focusing on stocks such as CMS Energy, Xcel Energy, and American Electric Power.

In addition to Jefferies, Xcel Energy also received a Buy from UBS’s William Appicelli in a report issued on March 24. However, on March 23, Morgan Stanley assigned a Hold rating to Xcel Energy (NASDAQ: XEL).

Based on Xcel Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $3.56 billion and a net profit of $567 million. In comparison, last year the company earned a revenue of $3.12 billion and had a net profit of $464 million

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XEL in relation to earlier this year. Last month, Ryan J. Long, the EVP, Chief Legal and of XEL sold 800.00 shares for a total of $66,328.00.