Xcel Energy Inc. (NASDAQ:XEL – Free Report) – Equities researchers at KeyCorp lowered their Q3 2024 earnings per share estimates for shares of Xcel Energy in a research report issued on Monday, October 21st. KeyCorp analyst S. Karp now expects that the company will post earnings per share of $1.31 for the quarter, down from their previous estimate of $1.36. KeyCorp currently has a “Overweight” rating and a $69.00 target price on the stock. The consensus estimate for Xcel Energy’s current full-year earnings is $3.55 per share. KeyCorp also issued estimates for Xcel Energy’s Q4 2024 earnings at $0.82 EPS, FY2026 earnings at $4.09 EPS, FY2027 earnings at $4.33 EPS and FY2028 earnings at $4.62 EPS.
Xcel Energy (NASDAQ:XEL – Get Free Report) last announced its quarterly earnings results on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.57 by ($0.03). The company had revenue of $3.03 billion during the quarter, compared to the consensus estimate of $3.29 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The company’s revenue for the quarter was up .2% on a year-over-year basis. During the same period last year, the business posted $0.52 EPS.
Xcel Energy Stock Down 1.0 %
Shares of Xcel Energy stock opened at $64.46 on Thursday. The business’s fifty day moving average price is $63.03 and its two-hundred day moving average price is $57.79. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86. The company has a market capitalization of $35.94 billion, a P/E ratio of 19.24, a PEG ratio of 2.80 and a beta of 0.39. Xcel Energy has a 1-year low of $46.79 and a 1-year high of $65.76.
Xcel Energy Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, September 13th were given a $0.548 dividend. The ex-dividend date of this dividend was Friday, September 13th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.40%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.55. Xcel Energy’s payout ratio is currently 65.37%.
Institutional Trading of Xcel Energy
A number of institutional investors and hedge funds have recently made changes to their positions in the stock. TruNorth Capital Management LLC acquired a new position in shares of Xcel Energy during the 2nd quarter worth about $30,000. American National Bank acquired a new position in shares of Xcel Energy during the 2nd quarter worth about $32,000. Kimelman & Baird LLC acquired a new position in shares of Xcel Energy during the 2nd quarter worth about $35,000. Rothschild Investment LLC acquired a new position in shares of Xcel Energy during the 2nd quarter worth about $37,000. Finally, Voisard Asset Management Group Inc. acquired a new position in shares of Xcel Energy during the 2nd quarter worth about $43,000. Institutional investors and hedge funds own 78.38% of the company’s stock.
Xcel Energy Company Profile
Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.
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