Morgan Stanley analyst Stephen Byrd maintained a Hold rating on Xcel Energy Inc (XEL) today and set a price target of $60. The company’s shares closed last Monday at $61.82, close to its 52-week high of $62.03.
According to TipRanks.com, Byrd is a 1-star analyst with an average return of -2.0% and a 51.9% success rate. Byrd covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Consolidated Edison, Inc., and Public Service Enterprise.
Currently, the analyst consensus on Xcel Energy Inc is a Moderate Buy with an average price target of $62.17, a 0.9% upside from current levels. In a report issued on August 13, Barclays also downgraded the stock to Hold with a $64 price target.
See today’s analyst top recommended stocks >>
The company has a one-year high of $62.03 and a one-year low of $46.01. Currently, Xcel Energy Inc has an average volume of 3.08M.
Based on the recent corporate insider activity of 60 insiders, corporate insider sentiment is negative on the stock.
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. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others.
