Barclays analyst Nicholas Campanella maintained a Buy rating on Xcel Energy (XEL – Research Report) today and set a price target of $57.00. The company’s shares closed yesterday at $55.24.
Campanella covers the Utilities sector, focusing on stocks such as CMS Energy, Consolidated Edison, and Xcel Energy. According to TipRanks, Campanella has an average return of 6.3% and a 66.27% success rate on recommended stocks.
Xcel Energy has an analyst consensus of Moderate Buy, with a price target consensus of $61.36, which is an 11.08% upside from current levels. In a report released on April 29, Bank of America Securities also reiterated a Buy rating on the stock with a $66.00 price target.
XEL market cap is currently $30.69B and has a P/E ratio of 16.61.
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Xcel Energy (XEL) Company Description:
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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