Goldman Sachs Initiates Coverage of Xcel Energy (XEL) with Buy Recommendation
Nasdaq Fintel reports that on June 8, 2023, Goldman Sachs initiated coverage of Xcel Energy (NASDAQ:XEL) with a Buy recommendation.
Analyst Price Forecast Suggests 14.92% Upside
As of June 1, 2023, the average one-year price target for Xcel Energy is 73.90. The forecasts range from a low of 65.65 to a high of $81.90. The average price target represents an increase of 14.92% from its latest reported closing price of 64.31.
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The projected annual revenue for Xcel Energy is 14,562MM, a decrease of 6.89%. The projected annual non-GAAP EPS is 3.41.
Xcel Energy Declares $0.52 Dividend
On May 24, 2023 the company declared a regular quarterly dividend of $0.52 per share ($2.08 annualized). Shareholders of record as of June 15, 2023 will receive the payment on July 20, 2023. Previously, the company paid $0.52 per share.
At the current share price of $64.31 / share, the stock's dividend yield is 3.23%.