Q4 2022 EPS Estimates for Xcel Energy Inc. Lowered by KeyCorp (NASDAQ:XEL)

Xcel Energy Inc. (NASDAQ:XELGet Rating) – Equities research analysts at KeyCorp decreased their Q4 2022 EPS estimates for Xcel Energy in a research note issued on Tuesday, August 2nd. KeyCorp analyst S. Karp now anticipates that the company will post earnings of $0.61 per share for the quarter, down from their previous forecast of $0.62. KeyCorp has a “Overweight” rating and a $79.00 price objective on the stock. The consensus estimate for Xcel Energy’s current full-year earnings is $3.16 per share. KeyCorp also issued estimates for Xcel Energy’s FY2025 earnings at $3.79 EPS and FY2026 earnings at $3.99 EPS.

Xcel Energy (NASDAQ:XELGet Rating) last issued its quarterly earnings results on Thursday, July 28th. The company reported $0.60 earnings per share for the quarter, meeting the consensus estimate of $0.60. Xcel Energy had a net margin of 11.66% and a return on equity of 10.45%. The business had revenue of $3.42 billion for the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the firm earned $0.58 earnings per share. The company’s revenue for the quarter was up 11.6% on a year-over-year basis.

Several other equities analysts also recently weighed in on the stock. Barclays lowered their price target on shares of Xcel Energy from $82.00 to $78.00 and set an “overweight” rating on the stock in a report on Monday, July 18th. Morgan Stanley boosted their target price on shares of Xcel Energy from $64.00 to $69.00 and gave the stock an “equal weight” rating in a report on Thursday, July 21st. Credit Suisse Group lowered their target price on shares of Xcel Energy to $77.00 in a report on Thursday, June 9th. Finally, UBS Group lowered their target price on shares of Xcel Energy from $74.00 to $71.00 and set a “neutral” rating on the stock in a report on Thursday, June 30th. Two investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $73.90.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $74.31 on Wednesday. The company has a debt-to-equity ratio of 1.45, a current ratio of 1.00 and a quick ratio of 0.86. Xcel Energy has a 1-year low of $61.15 and a 1-year high of $76.63. The company has a market capitalization of $40.65 billion, a P/E ratio of 24.69, a P/E/G ratio of 3.60 and a beta of 0.34. The firm’s 50 day simple moving average is $70.49 and its two-hundred day simple moving average is $70.78.

Xcel Energy Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, July 20th. Investors of record on Wednesday, June 15th were given a $0.4875 dividend. This represents a $1.95 annualized dividend and a yield of 2.62%. The ex-dividend date was Tuesday, June 14th. Xcel Energy’s dividend payout ratio is presently 64.78%.

Insider Buying and Selling

In related news, EVP Brett C. Carter sold 14,000 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $74.66, for a total value of $1,045,240.00. Following the sale, the executive vice president now owns 23,617 shares in the company, valued at $1,763,245.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Xcel Energy news, EVP Brett C. Carter sold 14,000 shares of the business’s stock in a transaction on Monday, May 23rd. The shares were sold at an average price of $74.66, for a total transaction of $1,045,240.00. Following the transaction, the executive vice president now owns 23,617 shares in the company, valued at $1,763,245.22. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kim Williams sold 2,000 shares of the business’s stock in a transaction on Wednesday, May 25th. The shares were sold at an average price of $76.21, for a total transaction of $152,420.00. Following the transaction, the director now owns 99,993 shares in the company, valued at approximately $7,620,466.53. The disclosure for this sale can be found here. 0.05% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently bought and sold shares of the company. JFS Wealth Advisors LLC increased its position in Xcel Energy by 256.3% during the first quarter. JFS Wealth Advisors LLC now owns 342 shares of the company’s stock valued at $25,000 after acquiring an additional 246 shares during the last quarter. Johnson Financial Group Inc. bought a new position in shares of Xcel Energy in the fourth quarter worth about $29,000. Allegheny Financial Group LTD bought a new position in shares of Xcel Energy in the fourth quarter worth about $30,000. Eagle Bay Advisors LLC grew its holdings in shares of Xcel Energy by 3,035.7% in the first quarter. Eagle Bay Advisors LLC now owns 439 shares of the company’s stock worth $32,000 after purchasing an additional 425 shares during the last quarter. Finally, Covestor Ltd bought a new position in shares of Xcel Energy in the fourth quarter worth about $31,000. Institutional investors own 75.14% of the company’s stock.

Xcel Energy Company Profile

(Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

See Also

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

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