KeyCorp Has Bullish Estimate for Xcel Energy FY2026 Earnings

Xcel Energy Inc. (NASDAQ:XEL) – Research analysts at KeyCorp upped their FY2026 EPS estimates for shares of Xcel Energy in a report issued on Monday, October 12th. KeyCorp analyst S. Karp now forecasts that the company will post earnings of $4.19 per share for the year, up from their previous estimate of $4.12. KeyCorp has an “Overweight” rating and a $87.00 price target on the stock. The consensus estimate for Xcel Energy’s current full-year earnings is $4.12 per share. KeyCorp also issued estimates for Xcel Energy’s FY2027 earnings at $4.56 EPS, FY2028 earnings at $4.97 EPS, FY2029 earnings at $5.43 EPS and FY2030 earnings at $5.93 EPS.

XEL has been the subject of several other research reports. Jefferies Financial Group set a $101.00 price target on shares of Xcel Energy in a research report on Tuesday, July 7th. BTIG Research reaffirmed a “buy” rating and issued a $99.00 price target on shares of Xcel Energy in a research note on Friday, July 31st. Wall Street Zen upgraded Xcel Energy from a “sell” rating to a “hold” rating in a report on Saturday, September 26th. JPMorgan Chase & Co. boosted their price objective on Xcel Energy from $91.00 to $102.00 and gave the stock an “overweight” rating in a research note on Thursday, July 16th. Finally, Barclays boosted their price objective on Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. Three investment analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Buy” and an average price target of $91.47.

Xcel Energy Stock Up 0.6%

Shares of NASDAQ XEL opened at $74.64 on Wednesday. The firm has a market cap of $46.62 billion, a price-to-earnings ratio of 18.36, a price-to-earnings-growth ratio of 2.51 and a beta of 0.36. The company’s 50-day simple moving average is $74.91 and its 200-day simple moving average is $78.01. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. Xcel Energy has a 52-week low of $68.72 and a 52-week high of $84.23.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, July 29th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. The business had revenue of $3.12 billion for the quarter, compared to the consensus estimate of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The company’s revenue was down 5.1% compared to the same quarter last year. During the same period last year, the firm posted $1.59 earnings per share.

Xcel Energy Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be given a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a dividend yield of 3.2%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio is 64.93%.

Hedge Funds Weigh In On Xcel Energy

Several hedge funds and other institutional investors have recently modified their holdings of XEL. BlackRock Inc. acquired a new stake in Xcel Energy in the 2nd quarter valued at about $4,890,136,000. State Street Corp lifted its stake in Xcel Energy by 4.8% in the 2nd quarter. State Street Corp now owns 38,896,012 shares of the company’s stock worth $3,145,176,000 after purchasing an additional 1,770,356 shares in the last quarter. Bank of America Corp DE lifted its stake in Xcel Energy by 1.7% in the 2nd quarter. Bank of America Corp DE now owns 29,933,748 shares of the company’s stock worth $2,403,680,000 after purchasing an additional 491,937 shares in the last quarter. GQG Partners LLC purchased a new position in Xcel Energy in the 2nd quarter worth approximately $891,688,000. Finally, Barrow Hanley Mewhinney & Strauss LLC acquired a new position in shares of Xcel Energy during the 2nd quarter worth approximately $708,086,000. 78.38% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Company Profile

Xcel Energy Inc is a Minneapolis-based energy company that provides electricity and natural gas through regulated utility operations. Its businesses generate, transmit, distribute and sell electricity, as well as distribute natural gas to residential, commercial and industrial customers.

Through its operating companies, Xcel Energy serves customers in Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. The company’s operations include a diverse generation portfolio featuring wind, solar, hydroelectric, nuclear, natural gas and other energy resources.