Equities analysts forecast that Xcel Energy Inc. (NASDAQ:XEL – Get Rating) will announce $3.16 billion in sales for the current quarter, Zacks Investment Research reports. Three analysts have issued estimates for Xcel Energy’s earnings. The lowest sales estimate is $3.08 billion and the highest is $3.21 billion. Xcel Energy reported sales of $3.07 billion in the same quarter last year, which indicates a positive year over year growth rate of 2.9%. The company is scheduled to report its next quarterly earnings results on Monday, January 1st.
On average, analysts expect that Xcel Energy will report full-year sales of $13.65 billion for the current financial year, with estimates ranging from $13.29 billion to $14.06 billion. For the next fiscal year, analysts forecast that the company will post sales of $14.19 billion, with estimates ranging from $13.57 billion to $15.04 billion. Zacks Investment Research’s sales calculations are an average based on a survey of sell-side research analysts that cover Xcel Energy.
Xcel Energy (NASDAQ:XEL – Get Rating) last issued its quarterly earnings data on Thursday, April 28th. The company reported $0.70 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.68 by $0.02. Xcel Energy had a net margin of 11.84% and a return on equity of 10.54%. The firm had revenue of $3.75 billion for the quarter, compared to the consensus estimate of $3.42 billion. During the same quarter in the previous year, the firm earned $0.67 EPS. The company’s quarterly revenue was up 5.9% compared to the same quarter last year.
A number of research analysts have recently issued reports on XEL shares. Morgan Stanley lifted their price objective on shares of Xcel Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a research report on Wednesday, April 20th. KeyCorp lifted their target price on shares of Xcel Energy from $78.00 to $79.00 and gave the stock an “overweight” rating in a research note on Wednesday, April 20th. Credit Suisse Group initiated coverage on shares of Xcel Energy in a research note on Monday, April 25th. They issued an “outperform” rating and a $80.00 target price for the company. Evercore ISI upgraded shares of Xcel Energy from an “in-line” rating to an “outperform” rating and lifted their target price for the stock from $70.00 to $75.00 in a research note on Tuesday, January 25th. Finally, Mizuho upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $64.00 to $72.00 in a research note on Monday, January 10th. Two equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Buy” and a consensus price target of $74.40.
In other Xcel Energy news, SVP Frank P. Prager sold 1,000 shares of Xcel Energy stock in a transaction that occurred on Friday, April 29th. The shares were sold at an average price of $73.58, for a total transaction of $73,580.00. Following the completion of the sale, the senior vice president now directly owns 29,174 shares in the company, valued at approximately $2,146,622.92. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 0.05% of the company’s stock.
A number of hedge funds and other institutional investors have recently made changes to their positions in XEL. Advisor Group Holdings Inc. lifted its stake in Xcel Energy by 5.2% during the 3rd quarter. Advisor Group Holdings Inc. now owns 150,488 shares of the company’s stock valued at $9,406,000 after acquiring an additional 7,442 shares during the period. Truist Financial Corp lifted its stake in shares of Xcel Energy by 3.8% in the 3rd quarter. Truist Financial Corp now owns 39,171 shares of the company’s stock valued at $2,448,000 after purchasing an additional 1,446 shares during the period. Sandy Spring Bank lifted its stake in shares of Xcel Energy by 7.6% in the 3rd quarter. Sandy Spring Bank now owns 4,638 shares of the company’s stock valued at $290,000 after purchasing an additional 326 shares during the period. MUFG Americas Holdings Corp lifted its stake in shares of Xcel Energy by 44.8% in the 3rd quarter. MUFG Americas Holdings Corp now owns 1,028 shares of the company’s stock valued at $64,000 after purchasing an additional 318 shares during the period. Finally, Mackenzie Financial Corp lifted its stake in shares of Xcel Energy by 135.6% in the 3rd quarter. Mackenzie Financial Corp now owns 122,995 shares of the company’s stock valued at $7,687,000 after purchasing an additional 70,801 shares during the period. Institutional investors and hedge funds own 75.14% of the company’s stock.
Shares of Xcel Energy stock opened at $73.40 on Thursday. The firm’s 50 day moving average price is $71.78 and its 200-day moving average price is $68.34. The company has a quick ratio of 0.66, a current ratio of 0.75 and a debt-to-equity ratio of 1.37. Xcel Energy has a 52-week low of $61.15 and a 52-week high of $76.05. The company has a market cap of $39.97 billion, a P/E ratio of 24.55, a PEG ratio of 3.60 and a beta of 0.33.
The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Tuesday, March 15th were paid a dividend of $0.4875 per share. This represents a $1.95 annualized dividend and a yield of 2.66%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.46. The ex-dividend date was Monday, March 14th. Xcel Energy’s payout ratio is presently 65.22%.
About Xcel Energy (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.
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