Goldman Sachs Keeps Their Buy Rating on Xcel Energy (XEL)
In a report released yesterday, Carly Davenport from Goldman Sachs maintained a Buy rating on Xcel Energy, with a price target of $92.00. The company’s shares closed yesterday at $79.86.
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Davenport covers the Utilities sector, focusing on stocks such as Duke Energy, Ameren, and Eversource Energy. According to TipRanks, Davenport has an average return of 2.9% and a 60.00% success rate on recommended stocks.
Currently, the analyst consensus on Xcel Energy is a Strong Buy with an average price target of $92.43, representing a 15.74% upside. In a report released on May 18, J.P. Morgan also maintained a Buy rating on the stock with a $91.00 price target.
Based on Xcel Energy’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of $4.02 billion and a net profit of $556 million. In comparison, last year the company earned a revenue of $3.91 billion and had a net profit of $483 million
Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of XEL in relation to earlier this year. Most recently, in March 2026, Amanda J Rome, the EVP, Group President, Utilitie of XEL sold 15,969.00 shares for a total of $1,335,168.09.
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