Analyst Outlook for This Canada’s Energy Sector Company

BMO Capital analyst James Thalacker reiterated a Buy rating on Xcel Energy (XELResearch Report) today and set a price target of $78.00. The company’s shares closed last Friday at $72.40.

According to, Thalacker is a 5-star analyst with an average return of 10.5% and a 84.1% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, American Electric Power, and Centerpoint Energy.

Currently, the analyst consensus on Xcel Energy is a Moderate Buy with an average price target of $73.75, which is a 2.1% upside from current levels. In a report issued on July 18, Barclays also maintained a Buy rating on the stock with a $78.00 price target.

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Based on Xcel Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $3.75 billion and net profit of $380 million. In comparison, last year the company earned revenue of $3.54 billion and had a net profit of $362 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.

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Xcel Energy Inc. engages in generating, purchasing, transmitting, distributing, and selling electricity. It generates electricity through nuclear, natural gas, coal, hydroelectric, wood/refuse, solar, and wind energy sources. The company sells to residential, commercial, and industrial customers in eight Western and Midwestern states.

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