In a report released today, James Thalacker from BMO Capital initiated coverage with a Hold rating on Xcel Energy (XEL – Research Report) and a price target of $68.00. The company’s shares closed last Monday at $70.84, close to its 52-week high of $71.43.
Currently, the analyst consensus on Xcel Energy is a Hold with an average price target of $65.38.
Based on Xcel Energy’s latest earnings release for the quarter ending December 31, the company reported a quarterly revenue of $2.8 billion and net profit of $292 million. In comparison, last year the company earned revenue of $2.88 billion and had a net profit of $215 million.
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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.