Recent Research Analysts’ Ratings Updates for Xcel Energy (XEL)

Several analysts have recently updated their ratings and price targets for Xcel Energy (NASDAQ: XEL):

• 5/4/2026 – Xcel Energy had its “outperform” rating reaffirmed by Evercore Inc. They now have a $96.00 price target on the stock.
• 4/22/2026 – Xcel Energy had its price target raised by BMO Capital Markets from $90.00 to $94.00. They now have an “outperform” rating on the stock.
• 4/21/2026 – Xcel Energy was given a new $92.00 price target by Morgan Stanley.
• 4/21/2026 – Xcel Energy had its price target raised by KeyCorp from $89.00 to $90.00. They now have an “overweight” rating on the stock.
• 4/20/2026 – Xcel Energy is now covered by Truist Financial Corporation. They set a “buy” rating and a $95.00 price target on the stock.
• 4/20/2026 – Xcel Energy had its price target raised by UBS Group AG from $89.00 to $91.00. They now have a “buy” rating on the stock.
• 4/20/2026 – Xcel Energy had its price target raised by Barclays PLC from $82.00 to $91.00. They now have an “overweight” rating on the stock.
• 4/20/2026 – Xcel Energy was upgraded by Truist Financial Corporation to “strong-buy”.
• 3/24/2026 – Xcel Energy had its price target lowered by UBS Group AG from $93.00 to $89.00. They now have a “buy” rating on the stock.
• 3/20/2026 – Xcel Energy was upgraded by Weiss Ratings from “hold (c+)” to “buy (b-)”.
• 3/12/2026 – Xcel Energy was given a new $86.00 price target by Argus.

Xcel Energy Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 20th. Stockholders of record on Friday, March 13th were given a dividend of $0.5925 per share. The ex-dividend date of this dividend was Friday, March 13th. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. This is an increase from Xcel Energy’s previous quarterly dividend of $0.57. Xcel Energy’s payout ratio is currently 68.30%.

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.