Xcel Energy Inc. (NASDAQ:XEL) is one of the 10 Safest Dividend Stocks to Buy Right Now.
Morgan Stanley lowered the price target on Xcel Energy Inc. (NASDAQ:XEL) from $92 to $87 on May 21, 2026
The firm’s analyst kept an Equal Weight rating on the stock. According to the analyst notes, the firm updated its North American utility price targets for April while pointing out that the regulated, diversified, and independent power producer sectors underperformed the broader S&P 500. Similar to this adjustment, Truist also lowered its price target on Xcel Energy Inc. (NASDAQ:XEL) from $95 to $92.
However, the analyst kept a Buy rating on the stock. The firm updated its Power and Utilities models to reflect rising sector investments, ahead of the American Gas Association’s Financial Forum. Now in year three of the data center wave, infrastructure spending and growth expectations continue to climb.