Xcel Energy Inc (XEL) Gets a Buy Rating from Morgan Stanley


In a report released today, Stephen Byrd from Morgan Stanley maintained a Buy rating on Xcel Energy Inc (NASDAQ: XEL), with a price target of $52. The company’s shares closed yesterday at $49.01.

According to TipRanks.com, Byrd is a 3-star analyst with an average return of 2.7% and a 61.4% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, American Electric Power, and South Jersey Industries.

The word on The Street in general, suggests a Moderate Buy analyst consensus rating for Xcel Energy Inc with a $48.13 average price target.

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The company has a one-year high of $52.22 and a one-year low of $41.51. Currently, Xcel Energy Inc has an average volume of 3.19M.

Based on the recent corporate insider activity of 46 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying 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. operates as a holding company, which engages in the generation, purchase, transmission, distribution and sale of electricity and natural gas business through its subsidiaries. It operates through the following segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others.

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