Evercore ISI analyst Durgesh Chopra maintained a Buy rating on Xcel Energy (XEL – Research Report) yesterday and set a price target of $59.00. The company’s shares closed yesterday at $53.96.
According to TipRanks, Chopra is a 4-star analyst with an average return of 3.7% and a 57.04% success rate. Chopra covers the Utilities sector, focusing on stocks such as Xcel Energy, American Water, and Essential Utilities.
In addition to Evercore ISI, Xcel Energy also received a Buy from Bank of America Securities’s Paul Cole in a report issued on April 25. However, yesterday, Wells Fargo assigned a Hold rating to Xcel Energy (NASDAQ: XEL).
XEL market cap is currently $30.7B and has a P/E ratio of 17.23.
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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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