Equities analysts expect that Xcel Energy Inc (NYSE:XEL) will announce $2.81 billion in sales for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Xcel Energy’s earnings. The highest sales estimate is $2.96 billion and the lowest is $2.66 billion. Xcel Energy reported sales of $2.58 billion in the same quarter last year, which indicates a positive year-over-year growth rate of 8.9%. The company is expected to announce its next quarterly earnings results on Thursday, August 6th.

On average, analysts expect that Xcel Energy will report full-year sales of $11.75 billion for the current financial year, with estimates ranging from $11.29 billion to $12.37 billion. For the next year, analysts anticipate that the business will post sales of $12.51 billion, with estimates ranging from $12.20 billion to $13.00 billion. Zacks’ sales averages are an average based on a survey of analysts that follow Xcel Energy.

Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, May 7th. The utilities provider reported $0.56 EPS for the quarter, missing the consensus estimate of $0.59 by ($0.03). The business had revenue of $2.81 billion during the quarter, compared to the consensus estimate of $3.27 billion. During the same quarter in the previous year, the business earned $0.61 earnings per share. Xcel Energy’s revenue for the quarter was down 10.5% compared to the same quarter last year.

XEL has been the topic of a number of analyst reports. Royal Bank of Canada reaffirmed a “hold” rating and set a $62.00 target price on shares of Xcel Energy in a research report on Wednesday, April 8th. UBS Group dropped their target price on Xcel Energy from $75.00 to $65.00 and set a “neutral” rating on the stock in a research report on Monday, March 16th. Wells Fargo & Co lowered Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $70.00 target price on the stock. in a research report on Friday, April 24th. They noted that the move was a valuation call. JPMorgan Chase & Co. dropped their target price on Xcel Energy from $69.00 to $64.00 and set an “overweight” rating on the stock in a research report on Friday, March 27th. Finally, Morgan Stanley boosted their price objective on Xcel Energy from $55.00 to $56.00 and gave the company an “underweight” rating in a report on Wednesday, June 17th. Two equities research analysts have rated the stock with a sell rating, ten have assigned a hold rating and two have issued a buy rating to the stock. The stock presently has a consensus rating of “Hold” and an average price target of $63.57.

Shares of NYSE XEL traded up $0.15 during midday trading on Thursday, reaching $62.46. 2,652,200 shares of the company’s stock were exchanged, compared to its average volume of 3,775,838. Xcel Energy has a 52-week low of $46.58 and a 52-week high of $72.14. The business’s fifty day moving average price is $62.84 and its two-hundred day moving average price is $64.00.

The business also recently announced a quarterly dividend, which will be paid on Monday, July 20th. Shareholders of record on Monday, June 15th will be paid a $0.43 dividend. The ex-dividend date of this dividend is Friday, June 12th. This represents a $1.72 dividend on an annualized basis and a yield of 2.75%.

In other Xcel Energy news, CEO Benjamin G. S. Fowke III sold 104,796 shares of Xcel Energy stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $65.84, for a total value of $6,899,768.64. Following the completion of the transaction, the chief executive officer now directly owns 461,531 shares in the company, valued at $30,387,201.04. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 0.22% of the company’s stock.

A number of hedge funds have recently modified their holdings of XEL. Magellan Asset Management Ltd boosted its position in shares of Xcel Energy by 35.4% during the fourth quarter. Magellan Asset Management Ltd now owns 31,040,812 shares of the utilities provider’s stock worth $1,970,781,000 after buying an additional 8,116,737 shares during the period. State Street Corp boosted its position in shares of Xcel Energy by 2.1% during the first quarter. State Street Corp now owns 29,027,578 shares of the utilities provider’s stock worth $1,762,219,000 after buying an additional 591,600 shares during the period. Capital World Investors acquired a new position in shares of Xcel Energy during the first quarter worth approximately $911,217,000. Geode Capital Management LLC boosted its position in shares of Xcel Energy by 2.0% during the first quarter. Geode Capital Management LLC now owns 9,395,167 shares of the utilities provider’s stock worth $566,166,000 after buying an additional 180,196 shares during the period. Finally, Pictet Asset Management Ltd. boosted its position in shares of Xcel Energy by 13.2% during the fourth quarter. Pictet Asset Management Ltd. now owns 6,133,215 shares of the utilities provider’s stock worth $389,398,000 after buying an additional 716,835 shares during the period. Institutional investors own 73.96% of the company’s stock.

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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