Fintel reports that on September 29, 2026, Scotiabank initiated coverage of Xcel Energy Inc. – Preferred Stock (NASDAQGM:XELLL) with a Sector Outperform recommendation.
On the day of the coverage initiation, September 29, 2026, the stock’s latest close was $20.96. This followed a pre-action close of $21.21 on September 28, 2026. The stock’s price change over one week was -4.90% from a baseline close of $22.04 on September 22, 2026. Over a one-month period, the price change was -6.76% from a baseline close of $22.48 on August 28, 2026.
Prior to this action, on September 18, 2026, Morgan Stanley maintained its Equal-Weight rating on the stock. Looking at broader analyst sentiment, the current consensus target mean was $26.99 and the median was $27.13 as of September 14, 2026. This current mean target represents an implied change of +28.79%. The prior consensus target mean was $27.28 as of August 28, 2026, reflecting a consensus target revision of -1.06%.
For the recommendation period of September 1, 2026, the aggregate analyst recommendations totaled 23, consisting of 7 strong buy, 14 buy, and 2 hold ratings. This distribution represents 91.3% positive and 8.7% hold recommendations. In the prior period of August 1, 2026, the total recommendations stood at 24, with 7 strong buy, 15 buy, and 2 hold ratings, representing 91.7% positive and 8.3% hold recommendations.
Xcel Energy Inc. is a United States-based utility company that focuses on the generation, purchase, transmission, distribution, and sale of electricity. The company serves customers across Minnesota, Michigan, Wisconsin, North Dakota, South Dakota, Colorado, Texas, and New Mexico, and has committed to achieving net-zero greenhouse gas emissions by 2050 through investments in wind, solar, and other renewable energy technologies.
Recent analyst actions
Recent analyst upgrades, downgrades, initiations, and maintained ratings Date Analyst Prior Latest recommendation Action September 29, 2026 Scotiabank Sector Outperform initiated coverage September 18, 2026 Morgan Stanley Equal-Weight Equal-Weight maintained
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This story originally appeared on Fintel.
