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KeyBanc Sticks to Its Buy Rating for Xcel Energy (XEL)

KeyBanc analyst Sophie Karp maintained a Buy rating on Xcel Energy (XELResearch Report) today and set a price target of $78.00. The company’s shares closed last Monday at $68.55.

According to TipRanks.com, Karp is a 4-star analyst with an average return of 8.9% and a 57.4% success rate. Karp covers the Utilities sector, focusing on stocks such as Constellation Energy Corporation, Nextera Energy Partners, and Pinnacle West Capital.

Xcel Energy has an analyst consensus of Moderate Buy, with a price target consensus of $76.60, representing a 9.9% upside. In a report released yesterday, Barclays also maintained a Buy rating on the stock with a $78.00 price target.

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Xcel Energy’s market cap is currently $37.34B and has a P/E ratio of 22.96.

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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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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