Xcel Energy (XEL) Gets a Buy from KeyBanc
KeyBanc analyst Sophie Karp maintained a Buy rating on Xcel Energy today and set a price target of $90.00.
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Karp covers the Utilities sector, focusing on stocks such as Consolidated Edison, Entergy, and Exelon. According to TipRanks, Karp has an average return of 5.3% and a 55.69% success rate on recommended stocks.
The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xcel Energy with a $92.46 average price target.
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, Amanda J Rome, the EVP, Group President, Utilitie of XEL sold 15,969.00 shares for a total of $1,335,168.09.
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