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Goldman Sachs Keeps Their Buy Rating on Xcel Energy (XEL)

Tipranks - Tipranks - Thu Apr 16, 7:19AM CDT

In a report released today, from Goldman Sachs maintained a Buy rating on Xcel Energy, with a price target of $91.00.

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Currently, the analyst consensus on Xcel Energy is a Strong Buy with an average price target of $93.11.

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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.

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