Xcel Energy (XEL) Stock Forecast & Price Target

$70.43 +0.38 (+0.54%)

(As of 10:46 AM ET)

Xcel Energy - Analysts' Recommendations and Stock Price Forecast (2024)

MarketBeat calculates consensus analyst ratings for stocks using the most recent rating from each Wall Street analyst that has rated a stock within the last twelve months. Each analyst's rating is normalized to a standardized rating score of 1 (sell), 2 (hold), 3 (buy) or 4 (strong buy). Analyst consensus ratings scores are calculated using the mean average of the number of normalized sell, hold, buy and strong buy ratings from Wall Street analysts. Each stock's consensus analyst rating is derived from its calculated consensus ratings score (0 to .5 = Strong Sell, .5 to 1 = Sell, 1 to 1.5 = Reduce, 1.5 to 2.5 = Hold, 2.5 to 3.0 = Moderate Buy, 3.0 to 3.5 = Buy, >3.5 = Strong Buy). MarketBeat's consensus price targets are a mean average of the most recent available price targets set by each analyst that has set a price target for the stock in the last twelve months. MarketBeat's consensus ratings and consensus price targets may differ from those calculated by other firms due to differences in methodology and available data.

Consensus Rating

Moderate Buy

Based on 13 Analyst Ratings

Sell
0

Hold
6

Buy
7

Based on 13 Wall Street analysts who have issued ratings for Xcel Energy in the last 12 months, the stock has a consensus rating of "Moderate Buy." Out of the 13 analysts, 6 have given a hold rating, and 7 have given a buy rating for XEL.

Consensus Price Target

$66.38
-5.74% Downside

According to the 13 analysts' twelve-month price targets for Xcel Energy, the average price target is $66.38. The highest price target for XEL is $76.00, while the lowest price target for XEL is $58.00. The average price target represents a forecasted downside of -5.74% from the current price of $70.43.

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XEL Analyst Ratings Over Time

Type	Current Forecast 11/22/23 to 11/21/24	1 Month Ago 10/23/23 to 10/22/24	3 Months Ago 8/24/23 to 8/23/24	1 Year Ago 11/22/22 to 11/22/23
Strong Buy	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)	0 Strong Buy rating(s)
Buy	7 Buy rating(s)	7 Buy rating(s)	6 Buy rating(s)	5 Buy rating(s)
Hold	6 Hold rating(s)	7 Hold rating(s)	5 Hold rating(s)	7 Hold rating(s)
Sell	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)	0 Sell rating(s)
Consensus Price Target	$66.38	$65.29	$62.45	$64.55
Forecasted Upside	-5.74% Downside	2.52% Upside	3.88% Upside	6.81% Upside
Consensus Rating	Moderate Buy	Moderate Buy	Moderate Buy	Hold

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XEL Analyst Recommendations By Month

The chart below shows how a company's ratings by analysts have changed over time. Each bar represents the previous year of ratings for that month. Within each bar, the sell ratings are shown in red, the hold ratings are shown in yellow, the buy ratings are shown in green, and the strong buy ratings are shown in dark green.

XEL Price Targets by Month

The chart below shows how a company's share price and consensus price target have changed over time. The dark blue line represents the company's actual price. The lighter blue line represents the stock's consensus price target. The even lighter blue range in the background of the two lines represents the low price target and the high price target for each stock.

Xcel Energy Stock vs. The Competition

Type	Xcel Energy	Utilities Companies	S&P 500
Consensus Rating Score	2.54	2.50	2.50
Consensus Rating	Moderate Buy	Hold	Moderate Buy
Predicted Upside	-5.23% Downside	23.11% Upside	9.81% Upside
News Sentiment Rating	Positive News See Recent XEL News	Positive News	Positive News

Recent Analyst Forecasts and Stock Ratings

Rating

Upside/Downside

Action

Time Frame

Start Date

End Date

Show

Export to Excel

Date	Brokerage	Analyst Name	Action	Rating	Price Target	Upside/Downside on Report Date
11/1/2024	KeyCorp 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$69.00 ➝ $74.00	+9.86%
11/1/2024	Jefferies Financial Group 2 of 5 stars		Upgrade	Hold ➝ Buy	$71.00 ➝ $76.00	+13.76%
10/21/2024	Barclays 3 of 5 stars		Boost Target	Overweight ➝ Overweight	$57.00 ➝ $67.00	+4.57%
10/16/2024	Wells Fargo & Company Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$63.00 ➝ $66.00	+3.61%
9/25/2024	Morgan Stanley Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Equal Weight ➝ Equal Weight	$68.00 ➝ $73.00	+13.65%
9/20/2024	UBS Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Neutral ➝ Neutral	$66.00 ➝ $67.00	+4.04%
Get the Latest News and Ratings for XEL and Related Stocks Enter your email address below to receive the latest news and analysts' ratings for Xcel Energy and its competitors with MarketBeat's FREE daily newsletter.
8/26/2024	Argus Subscribe to MarketBeat All Access for the recommendation accuracy rating	G. Hovis Subscribe to MarketBeat All Access for the recommendation accuracy rating	Upgrade	Hold ➝ Buy	$68.00	+13.11%
4/29/2024	Bank of America Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Buy ➝ Buy	$63.00 ➝ $66.00	+21.15%
4/26/2024	Evercore ISI Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Outperform ➝ Outperform	$54.00 ➝ $59.00	+8.90%
3/13/2024	JPMorgan Chase & Co. Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Neutral ➝ Neutral	$68.00 ➝ $59.00	+13.77%
3/11/2024	Wolfe Research Subscribe to MarketBeat All Access for the recommendation accuracy rating		Upgrade	Peer Perform ➝ Outperform	$58.00	+13.68%
1/30/2024	Royal Bank of Canada Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Sector Perform ➝ Sector Perform	$67.00 ➝ $68.00	+14.63%
12/18/2023	BMO Capital Markets Subscribe to MarketBeat All Access for the recommendation accuracy rating		Boost Target	Market Perform ➝ Market Perform	$59.00 ➝ $62.00	+0.44%
10/24/2023	Mizuho Subscribe to MarketBeat All Access for the recommendation accuracy rating		Lower Target	Buy ➝ Buy	$69.00 ➝ $62.00	+5.21%
6/7/2023	The Goldman Sachs Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Initiated Coverage	Buy	$75.00	+16.62%
11/21/2022	Credit Suisse Group Subscribe to MarketBeat All Access for the recommendation accuracy rating		Downgrade	Outperform ➝ Neutral	$68.00	-0.56%

Analyst ratings data on MarketBeat is provided by Benzinga and other data providers. This page was last refreshed on Thursday at 11:10 AM ET.

Should I Buy Xcel Energy Stock? XEL Pros and Cons Explained

These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Monday, November 4, 2024. Please send any questions or comments about these Xcel Energy pros and cons to contact@marketbeat.com.

Xcel Energy
Bull Case

Here are some ways that investors could benefit from investing in Xcel Energy Inc.:

Xcel Energy Inc. has shown consistent growth in its stock price, reaching $65.31 on October 7, 2024, indicating positive momentum.
The company has a strong dividend payout ratio of 65.77%, providing investors with a steady income stream.
Xcel Energy Inc. has a solid track record of increasing dividends, with the latest quarterly dividend being $0.548 per share, demonstrating commitment to rewarding shareholders.
Wall Street analysts have given Xcel Energy Inc. an average rating of "Hold" with a target price of $64.36, suggesting potential for future growth.
The company operates in the regulated electric utility sector, which offers stability and predictable revenue streams for investors.

Xcel Energy
Bear Case

Investors should be bearish about investing in Xcel Energy Inc. for these reasons:

Xcel Energy Inc. missed the consensus EPS estimate in the last quarter, which may raise concerns about its ability to meet earnings expectations.
The company's debt-to-equity ratio of 1.54 is relatively high, indicating a higher level of financial leverage that could pose risks during economic downturns.
Xcel Energy Inc. operates in a highly regulated industry, subject to government policies and regulations that could impact its operations and profitability.
The stock price of Xcel Energy Inc. has a beta of 0.38, suggesting lower volatility compared to the market, which may limit potential returns for more aggressive investors.
While the company has a history of dividend increases, any disruptions in cash flows or earnings could impact its ability to sustain dividend growth in the future.

XEL Forecast - Frequently Asked Questions

: According to the research reports of 13 Wall Street equities research analysts, the average twelve-month stock price forecast for Xcel Energy is $66.38, with a high forecast of $76.00 and a low forecast of $58.00.
: 13 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Xcel Energy in the last year. There are currently 6 hold ratings and 7 buy ratings for the stock. The consensus among Wall Street research analysts is that investors should "moderate buy" XEL shares.
: According to analysts, Xcel Energy's stock has a predicted downside of -5.74% based on their 12-month stock forecasts.
: Over the previous 90 days, Xcel Energy's stock had 2 upgrades by analysts.
: Xcel Energy has been rated by research analysts at Argus, Barclays, Jefferies Financial Group, KeyCorp, Morgan Stanley, UBS Group, and Wells Fargo & Company in the past 90 days.
: Analysts like Xcel Energy more than other "utilities" companies. The consensus rating for Xcel Energy is Moderate Buy while the average consensus rating for "utilities" companies is Hold. Learn more on how XEL compares to other companies.

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This page (NASDAQ:XEL) was last updated on 11/21/2024 by MarketBeat.com Staff

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Xcel Energy (XEL) Stock Forecast & Price Target