KeyCorp Issues Positive Forecast for Xcel Energy Earnings

Xcel Energy Inc. (NASDAQ:XEL) – Investment analysts at KeyCorp raised their Q4 2024 earnings per share (EPS) estimates for shares of Xcel Energy in a research note issued to investors on Tuesday, December 3rd. KeyCorp analyst S. Karp now expects that the company will post earnings per share of $0.84 for the quarter, up from their prior estimate of $0.82. KeyCorp currently has a “Overweight” rating and a $79.00 price target on the stock. The consensus estimate for Xcel Energy’s current full-year earnings is $3.54 per share. KeyCorp also issued estimates for Xcel Energy’s FY2025 earnings at $3.84 EPS.

A number of other analysts also recently weighed in on XEL. Jefferies Financial Group upgraded Xcel Energy from a “hold” rating to a “buy” rating and lifted their price target for the company from $71.00 to $76.00 in a research note on Friday, November 1st. Wells Fargo & Company boosted their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research report on Wednesday, October 16th. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research report on Monday, August 26th. Barclays boosted their target price on Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday, November 26th. Finally, UBS Group boosted their target price on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and an average target price of $67.00.

Xcel Energy Stock Performance

Shares of XEL opened at $70.86 on Thursday. The stock has a market capitalization of $40.69 billion, a PE ratio of 21.03, a PEG ratio of 2.90 and a beta of 0.41. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The stock has a 50-day simple moving average of $66.78 and a 200-day simple moving average of $60.76. Xcel Energy has a 1 year low of $46.79 and a 1 year high of $73.38.

Xcel Energy (NASDAQ:XEL) last announced its earnings results on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. During the same quarter last year, the business earned $1.23 earnings per share. The business’s revenue was down .5% compared to the same quarter last year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently modified their holdings of the business. Ashton Thomas Securities LLC purchased a new position in Xcel Energy in the third quarter valued at about $25,000. TruNorth Capital Management LLC purchased a new position in Xcel Energy in the second quarter valued at about $30,000. American National Bank purchased a new position in Xcel Energy in the second quarter valued at about $32,000. Transcendent Capital Group LLC acquired a new stake in shares of Xcel Energy in the third quarter worth about $33,000. Finally, Kimelman & Baird LLC acquired a new stake in shares of Xcel Energy in the second quarter worth about $35,000. Hedge funds and other institutional investors 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.