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BMO Capital Sticks to Their Buy Rating for Xcel Energy (XEL)

In a report released today, James Thalacker from BMO Capital maintained a Buy rating on Xcel Energy (XELResearch Report), with a price target of $76.00. The company’s shares closed last Thursday at $69.83.

According to TipRanks.com, Thalacker is a 4-star analyst with an average return of 9.1% and a 83.0% success rate. Thalacker covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on Xcel Energy is a Moderate Buy with an average price target of $74.13.

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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 $3.36 billion and net profit of $315 million. In comparison, last year the company earned revenue of $2.95 billion and had a net profit of $288 million.

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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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