Barclays cuts target for Xcel Energy stock from USD 90 to USD 85

Published on 10/18/2026 at 13:03 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Barclays kept an Overweight rating after the cut on October 15, 2026. For Xcel Energy stock, second-quarter revenue fell to USD 3.12 billion.

Target cut and earnings dates

Barclays lowered its Xcel Energy target from USD 90.00 to USD 85.00 on October 15, 2026.
Xcel Energy reported USD 3.12 billion in second-quarter revenue and USD 586.00 million in net income for the period ended June 30, 2026.
Xcel Energy's market capitalization stood at USD 47.7 billion on October 16, 2026.

Börsenparkett der NYSE mit Bildschirmen und Utility-Index-Charts im Grünbereich — Xcel Energy Inc (ISIN US98389B1008) notiert an der NYSE, gezeigt im Editorial-Foto eines belebten Börsenparketts, Illustration mit AI erstellt.

Xcel Energy lowered its Michigan operations footprint while Barclays cut its price target from USD 90.00 to USD 85.00 on October 15, 2026. The analyst kept an Overweight rating, making the target revision the latest market focus for Xcel Energy stock, according to Markets Insider.

What does the target cut change?

Barclays' revised target remains above the latest Nasdaq reference of USD 76.31 on October 16, 2026 at 4:00 p.m. ET. The target reduction narrows the gap between the analyst view and the market level, while the Overweight rating remains unchanged.

Xcel Energy reported USD 3.12 billion in revenue and USD 586.00 million in GAAP net income for the second quarter ended June 30, 2026. Revenue was down 5.10 percent from USD 3.29 billion a year earlier, while net income increased from USD 444.00 million, according to Markets Insider.

Three dates shape the story

On July 29, 2026, Xcel Energy reported second-quarter earnings per share of USD 0.93 against a USD 0.79 consensus estimate. On October 6, 2026, the company announced a proposed Michigan operations sale affecting 6,000 natural gas customers and 9,000 electric customers, subject to regulatory approval, according to Xcel Energy. On October 15, 2026, Barclays reduced its target to USD 85.00 from USD 90.00.

Which dates come next?

Xcel Energy's quarterly dividend of USD 0.5925 per share is scheduled for payment on October 20, 2026. The company is scheduled to release third-quarter 2026 results before the market open on October 29, 2026, with its conference call set for 9:00 a.m. Central Time, according to Business Wire.

Market value and operating scale

Xcel Energy's market capitalization was USD 47.7 billion as of October 16, 2026, while its 52-week range was USD 68.72 to USD 84.23. The company serves electricity and natural gas customers across eight states and operates in regulated electric and natural gas utilities.

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