RBC Capital Releases a Hold Rating on Xcel Energy

By Carrie Williams

In a report released yesterday, Shelby Tucker from RBC Capital reiterated a Hold rating on Xcel Energy (NYSE: XEL), with a price target of $45. The company’s shares closed yesterday at $43.85.

According to TipRanks.com, Tucker is a 4-star analyst with an average return of 4.4% and a 73.5% success rate. Tucker covers the Utilities sector, focusing on stocks such as Pinnacle West Capital Corp, Public Service Enterprise, and American Electric Power.

Currently, the analyst consensus on Xcel Energy is Hold and the average price target is $44, representing a 0.3% upside.

In a report issued on March 14, Jefferies also reiterated a Hold rating on the stock with a $44 price target.

Based on Xcel Energy’s latest earnings report for the quarter ending December 31, the company posted quarterly revenue of $2.79 billion and quarterly net profit of $227 million. In comparison, last year the company earned revenue of $2.65 billion and had a net profit of $209 million.

Based on the recent corporate insider activity of 31 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. Most recently, in November 2016, David Eves, the President of XEL sold 10,000 shares for a total of $405,694.

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. The Regulated Electric Utility segment generates, transmits and distributes electricity primarily in portions of Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. In addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States. It also includes commodity trading operations. The Regulated Natural Gas Utility segment transports, stores, and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado. The All Others segment primarily includes steam, appliance repair services, nonutility real estate activities, processing solid waste into refuse-derived fuel and investments in rental housing projects that qualify for low-income housing tax credits. The company was founded in 1909 and is headquartered in Minneapolis, MN.