Xcel Energy (XEL) Gets a Hold from Morgan Stanley

Morgan Stanley analyst David Arcaro assigned a Hold rating to the stock yesterday. The company’s shares closed yesterday at $76.95.

Claim 30% Off TipRanks Premium

• Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
• Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential

According to TipRanks, Arcaro is a 5-star analyst with an average return of 14.7% and a 68.13% success rate. Arcaro covers the Utilities sector, focusing on stocks such as Vistra Corp, American Electric Power, and CMS Energy.

Currently, the analyst consensus on Xcel Energy is a Strong Buy with an average price target of $91.00.

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 60 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. Earlier this month, Amanda J Rome, the EVP, Group President, Utilitie of XEL sold 15,969.00 shares for a total of $1,335,168.09.