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Analysts Offer Insights on Utilities Companies: DTE Energy (DTE) and Xcel Energy (XEL)

Tipranks - Tipranks - Sat May 2, 9:16AM CDT

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

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DTE Energy (DTE)

In a report released today, Richard Sunderland from Truist Financial maintained a Buy rating on DTE Energy. The company’s shares closed last Friday at $152.64.

According to TipRanks.com, Sunderland is a 4-star analyst with an average return of 4.6% and a 57.4% success rate. Sunderland covers the Utilities sector, focusing on stocks such as Edison International, Centerpoint Energy, and American Water. ;'>

DTE Energy has an analyst consensus of Moderate Buy, with a price target consensus of $161.50, implying a 6.5% upside from current levels. In a report issued on April 21, Wells Fargo also maintained a Buy rating on the stock with a $160.00 price target.

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Xcel Energy (XEL)

UBS analyst William Appicelli maintained a Buy rating on Xcel Energy today and set a price target of $91.00. The company’s shares closed last Friday at $83.32.

According to TipRanks.com, Appicelli is a 4-star analyst with an average return of 10.2% and a 71.1% success rate. Appicelli covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power. ;'>

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Xcel Energy with a $92.69 average price target, an 11.7% upside from current levels. In a report released today, TipRanks – Google also upgraded the stock to Buy with a $92.00 price target.

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