Analysts Expect Xcel Energy Inc (NYSE:XEL) Will Announce Earnings of $0.60 Per Share

Wall Street analysts forecast that Xcel Energy Inc (NYSE:XEL) will report earnings of $0.60 per share for the current quarter, according to Zacks. Zero analysts have issued estimates for Xcel Energy’s earnings, with the highest EPS estimate coming in at $0.62 and the lowest estimate coming in at $0.58. Xcel Energy posted earnings of $0.61 per share in the same quarter last year, which would suggest a negative year over year growth rate of 1.6%. The firm is scheduled to issue its next earnings report on Thursday, April 23rd.

According to Zacks, analysts expect that Xcel Energy will report full year earnings of $2.80 per share for the current year, with EPS estimates ranging from $2.78 to $2.83. For the next financial year, analysts expect that the firm will post earnings of $2.98 per share, with EPS estimates ranging from $2.95 to $3.01. Zacks’ EPS calculations are an average based on a survey of research firms that that provide coverage for Xcel Energy.

Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, January 30th. The utilities provider reported $0.56 earnings per share for the quarter, beating the consensus estimate of $0.53 by $0.03. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $3.04 billion. The business’s revenue for the quarter was down 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.42 earnings per share.

Several equities analysts have recently weighed in on XEL shares. Bank of America raised Xcel Energy from an “underperform” rating to a “neutral” rating and set a $70.00 price objective on the stock in a research note on Friday, January 31st. KeyCorp reduced their price objective on Xcel Energy from $73.00 to $66.00 and set an “overweight” rating on the stock in a research note on Friday, January 17th. BMO Capital Markets started coverage on Xcel Energy in a research note on Wednesday, February 19th. They issued a “market perform” rating and a $68.00 price objective on the stock. Cfra lifted their price objective on Xcel Energy from $62.00 to $64.00 and gave the company a “sell” rating in a research note on Thursday, January 30th. Finally, JPMorgan Chase & Co. reduced their price objective on Xcel Energy from $69.00 to $64.00 and set an “overweight” rating on the stock in a research note on Friday. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and four have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $64.33.

Institutional investors have recently added to or reduced their stakes in the stock. Procyon Private Wealth Partners LLC acquired a new position in Xcel Energy during the 4th quarter worth approximately $25,000. Manchester Financial Inc. acquired a new position in Xcel Energy during the 4th quarter worth approximately $28,000. Braun Bostich & Associates Inc. acquired a new position in Xcel Energy during the 4th quarter worth approximately $28,000. Executive Wealth Management LLC lifted its position in Xcel Energy by 47.7% during the 3rd quarter. Executive Wealth Management LLC now owns 703 shares of the utilities provider’s stock worth $45,000 after acquiring an additional 227 shares in the last quarter. Finally, Total Clarity Wealth Management Inc. acquired a new position in Xcel Energy during the 4th quarter worth approximately $57,000. 73.96% of the stock is currently owned by hedge funds and other institutional investors.

Shares of NYSE XEL traded up $0.86 during midday trading on Monday, hitting $58.77. The stock had a trading volume of 4,398,838 shares, compared to its average volume of 4,249,778. Xcel Energy has a 1-year low of $46.58 and a 1-year high of $72.14. The company has a fifty day moving average price of $65.41 and a 200 day moving average price of $63.99.

The business also recently declared a quarterly dividend, which will be paid on Monday, April 20th. Investors of record on Friday, March 13th will be given a dividend of $0.43 per share. The ex-dividend date is Thursday, March 12th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.41. This represents a $1.72 annualized dividend and a yield of 2.93%.

Xcel Energy Company Profile

Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

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Earnings History and Estimates for Xcel Energy (NYSE:XEL)

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