In a report released today, Stephen Byrd from Morgan Stanley maintained a Hold rating on Xcel Energy (XEL – Research Report), with a price target of $67.00. The company’s shares opened today at $70.96.
Byrd covers the Utilities sector, focusing on stocks such as CMS Energy, ONE Gas, and American Electric Power. According to TipRanks, Byrd has an average return of 9.4% and a 60.75% success rate on recommended stocks.
The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xcel Energy with a $69.80 average price target, implying a -1.63% downside from current levels. In a report released yesterday, Wells Fargo also maintained a Hold rating on the stock with a $76.00 price target.
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XEL market cap is currently $38.99B and has a P/E ratio of 23.26.
Based on the recent corporate insider activity of 56 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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