"UBS remains a buyer of shares based on top-quartile EPS growth of 9%+ and upcoming catalysts that could improve valuation, with the stock now implying sub-7% growth after recent underperformance."
"Xcel's five-year base capital expenditure plan covering 2026 through 2030 totals $60 billion, targeting transmission, renewables, and grid infrastructure, supporting the rate base growth that drives regulated utility earnings."
"Xcel has raised its dividend for 23 consecutive years, with the current quarterly payout at $0.5925 per share and an annualized yield near 3.1%. The company targets annual dividend increases of 4% to 6%."
Xcel Energy has gained 14% over the past year, with analysts targeting $88.44. UBS has lowered its price target to $89, maintaining a Buy rating. The firm cites strong EPS growth potential and upcoming catalysts. Xcel's $60 billion capital plan focuses on transmission and renewables, while data center demand is surging. The company has consistently raised dividends for 23 years, targeting annual increases of 4% to 6%. Achieving the $89 target will require favorable market conditions and continued growth.
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