Barclays Believes Xcel Energy Inc (XEL) Still Has Room to Grow


In a report released yesterday, Eric Beaumont from Barclays maintained a Buy rating on Xcel Energy Inc (XEL), with a price target of $64. The company’s shares opened today at $59.77, close to its 52-week high of $60.56.

According to TipRanks.com, Beaumont is a 2-star analyst with an average return of -0.3% and a 50.0% success rate. Beaumont covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and American Electric Power.

Currently, the analyst consensus on Xcel Energy Inc is a Moderate Buy with an average price target of $61.14, representing a 2.3% upside. In a report issued on June 4, KeyBanc also initiated coverage with a Buy rating on the stock with a $62 price target.

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The company has a one-year high of $60.56 and a one-year low of $43.55. Currently, Xcel Energy Inc has an average volume of 2.82M.

Based on the recent corporate insider activity of 56 insiders, corporate insider sentiment is negative on the stock.

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Xcel Energy, Inc. operates as a holding company, which engages in the generation, purchase, transmission, distribution and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others.

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