KeyCorp Estimates Xcel Energy's FY2026 Earnings (NASDAQ:XEL)

Key Points

• KeyCorp raised its FY2026 EPS estimate for Xcel Energy to $4.19 from $4.12, maintaining an “Overweight” rating and an $87 price target. It projects EPS rising to $5.93 by FY2030.
• Xcel Energy’s latest quarterly results beat expectations on earnings, reporting $0.93 EPS versus the $0.79 consensus, though revenue of $3.12 billion fell short of estimates and declined 5.1% year over year.
• The company announced a quarterly dividend of $0.5925 per share, equal to $2.37 annually and a 3.2% yield; analysts collectively rate the stock “Buy,” with an average price target of $91.47.

Xcel Energy Inc. (NASDAQ:XEL - Free Report) - Stock analysts at KeyCorp upped their FY2026 earnings estimates for Xcel Energy in a research 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 prior forecast 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.

Xcel Energy (NASDAQ:XEL - Get Free Report) last posted its quarterly earnings results on Wednesday, July 29th. The company reported $0.93 EPS for the quarter, beating the consensus estimate of $0.79 by $0.14. The company had revenue of $3.12 billion for the quarter, compared to analyst estimates of $3.54 billion. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The firm's revenue was down 5.1% on a year-over-year basis. During the same period in the prior year, the company earned $1.59 earnings per share.

Other analysts also recently issued research reports about the company. Mizuho set a $92.00 target price on Xcel Energy in a research note on Friday, July 31st. JPMorgan Chase & Co. raised their target price on Xcel Energy from $91.00 to $102.00 and gave the stock an "overweight" rating in a report on Thursday, July 16th. Truist Financial reduced their price target on Xcel Energy from $94.00 to $88.00 and set a "buy" rating for the company in a research report on Thursday, August 13th. BMO Capital Markets decreased their price target on Xcel Energy from $95.00 to $92.00 and set an "outperform" rating for the company in a report on Wednesday, July 22nd. Finally, Jefferies Financial Group set a $101.00 price target on Xcel Energy in a report on Tuesday, July 7th. Three equities research analysts have rated the stock with a Strong Buy rating, thirteen have given a Buy rating and one has given a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Buy" and an average price target of $91.47.

Xcel Energy Stock Performance

NASDAQ XEL opened at $74.64 on Wednesday. The firm has a market capitalization of $46.62 billion, a P/E ratio of 18.36, a PEG ratio of 2.51 and a beta of 0.36. The stock has a 50-day simple moving average of $74.91 and a two-hundred day simple moving average of $78.01. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. Xcel Energy has a fifty-two week low of $68.72 and a fifty-two week high of $84.23.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Stockholders of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 3.2%. The ex-dividend date of this dividend is Tuesday, September 15th. Xcel Energy's dividend payout ratio is presently 64.93%.

Institutional Investors Weigh In On Xcel Energy

A number of institutional investors have recently modified their holdings of the business. Perpetual Ltd increased its stake in shares of Xcel Energy by 53.2% in the 3rd quarter. Perpetual Ltd now owns 1,054,254 shares of the company's stock valued at $74,304,000 after purchasing an additional 365,941 shares in the last quarter. GK Wealth Management LLC acquired a new position in Xcel Energy in the 3rd quarter worth about $28,000. Wedmont Private Capital boosted its position in Xcel Energy by 2.4% during the third quarter. Wedmont Private Capital now owns 9,806 shares of the company's stock worth $719,000 after purchasing an additional 231 shares in the last quarter. First Heartland Consultants Inc. purchased a new position in Xcel Energy during the third quarter worth approximately $408,000. Finally, Farther Finance Advisors LLC boosted its position in Xcel Energy by 7.5% during the third quarter. Farther Finance Advisors LLC now owns 26,017 shares of the company's stock worth $1,834,000 after purchasing an additional 1,805 shares in the last quarter. 78.38% of the stock is currently owned by institutional investors and hedge funds.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.