Scotiabank Weighs in on Xcel Energy FY2026 Earnings

Key Points

• Scotiabank estimates Xcel Energy will report FY2026 EPS of $4.12, matching consensus, and FY2027 EPS of $4.47. The firm maintains a “Strong Buy” rating.
• Analyst sentiment remains positive overall, with a consensus “Buy” rating and an average price target of $91.65, despite recent target-price reductions from Truist Financial and Morgan Stanley.
• Xcel Energy reported quarterly EPS of $0.93, beating estimates of $0.79, while revenue declined 5.1% year over year. The company also declared a quarterly dividend of $0.5925 per share, representing a 3.3% annualized yield.

Xcel Energy Inc. (NASDAQ:XEL - Free Report) - Equities researchers at Scotiabank issued their FY2026 earnings per share (EPS) estimates for shares of Xcel Energy in a note issued to investors on Thursday, October 1st. Scotiabank analyst I. Rapp forecasts that the company will post earnings of $4.12 per share for the year. Scotiabank currently has a "Strong-Buy" rating on the stock. The consensus estimate for Xcel Energy's current full-year earnings is $4.12 per share. Scotiabank also issued estimates for Xcel Energy's FY2027 earnings at $4.47 EPS.

A number of other equities research analysts have also issued reports on the stock. Truist Financial reduced their target price on shares of Xcel Energy from $94.00 to $88.00 and set a "buy" rating on the stock in a report on Thursday, August 13th. Morgan Stanley reduced their price objective on Xcel Energy from $89.00 to $83.00 and set an "equal weight" rating on the stock in a research note on Friday, September 18th. New Street Research set a $91.00 target price on Xcel Energy in a report on Tuesday, June 23rd. Mizuho set a $92.00 target price on shares of Xcel Energy in a research note on Friday, July 31st. Finally, Barclays lifted their price target on Xcel Energy from $87.00 to $90.00 and gave the stock an "overweight" rating in a report on Thursday, July 9th. Three research analysts have rated the stock with a Strong Buy rating, thirteen have issued a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Xcel Energy has an average rating of "Buy" and a consensus price target of $91.65.

Xcel Energy Stock Performance

Shares of XEL stock opened at $71.40 on Monday. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. The stock has a market capitalization of $44.60 billion, a P/E ratio of 19.56, a price-to-earnings-growth ratio of 2.41 and a beta of 0.36. The company has a 50 day moving average price of $75.69 and a 200 day moving average price of $78.28. Xcel Energy has a fifty-two week low of $68.72 and a fifty-two week high of $84.23.

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

Institutional Investors Weigh In On Xcel Energy

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new stake in shares of Xcel Energy during the second quarter worth about $4,890,136,000. GQG Partners LLC acquired a new position in Xcel Energy in the 2nd quarter valued at about $891,688,000. Barrow Hanley Mewhinney & Strauss LLC acquired a new position in Xcel Energy in the 2nd quarter valued at about $708,086,000. Legal & General Group Plc purchased a new stake in Xcel Energy during the 2nd quarter valued at approximately $503,543,000. Finally, Deutsche Bank AG purchased a new stake in Xcel Energy during the 2nd quarter valued at approximately $433,927,000. Hedge funds and other institutional investors own 78.38% of the company's stock.

Xcel Energy Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be given a dividend of $0.5925 per share. The ex-dividend date of this dividend is Tuesday, September 15th. This represents a $2.37 annualized dividend and a yield of 3.3%. Xcel Energy's payout ratio is 64.93%.

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.

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