Xcel Energy Inc (NYSE:XEL) – KeyCorp issued their FY2020 earnings per share estimates for Xcel Energy in a research note issued to investors on Tuesday, June 4th, Zacks Investment Research reports. KeyCorp analyst S. Karp anticipates that the utilities provider will post earnings per share of $2.82 for the year. KeyCorp has a “Overweight” rating and a $62.00 price target on the stock. KeyCorp also issued estimates for Xcel Energy’s FY2021 earnings at $3.08 EPS.
Several other research firms have also recently issued reports on XEL. Zacks Investment Research cut Xcel Energy from a “buy” rating to a “hold” rating in a report on Monday, March 18th. Wolfe Research set a $57.00 price objective on Xcel Energy and gave the company a “hold” rating in a research report on Friday, April 26th. Argus raised their price objective on Xcel Energy to $64.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Morgan Stanley raised their price objective on Xcel Energy from $57.00 to $60.00 and gave the company an “equal weight” rating in a research report on Friday, June 14th. Finally, Barclays reissued a “buy” rating and issued a $64.00 price objective on shares of Xcel Energy in a research report on Wednesday, June 19th. One research analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $59.14.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.61. The business had revenue of $3.14 billion for the quarter, compared to analyst estimates of $3.11 billion. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted $0.57 earnings per share.
The firm also recently announced a quarterly dividend, which will be paid on Saturday, July 20th. Stockholders of record on Friday, June 14th will be given a dividend of $0.405 per share. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.72%. The ex-dividend date is Thursday, June 13th.
In related news, EVP Kent T. Larson sold 5,000 shares of Xcel Energy stock in a transaction dated Monday, May 20th. The stock was sold at an average price of $58.43, for a total value of $292,150.00. Following the completion of the transaction, the executive vice president now directly owns 100,354 shares in the company, valued at $5,863,684.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Robert Frenzel sold 4,400 shares of Xcel Energy stock in a transaction dated Tuesday, June 11th. The stock was sold at an average price of $58.60, for a total value of $257,840.00. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 69,400 shares of company stock worth $4,112,790. Corporate insiders own 0.22% of the company’s stock.
A number of hedge funds have recently modified their holdings of the business. BlackRock Inc. boosted its stake in shares of Xcel Energy by 1.4% in the 1st quarter. BlackRock Inc. now owns 47,780,041 shares of the utilities provider’s stock valued at $2,685,715,000 after purchasing an additional 666,776 shares during the last quarter. JPMorgan Chase & Co. boosted its stake in shares of Xcel Energy by 6.1% in the 1st quarter. JPMorgan Chase & Co. now owns 39,118,840 shares of the utilities provider’s stock valued at $2,198,871,000 after purchasing an additional 2,250,610 shares during the last quarter. Vanguard Group Inc boosted its stake in shares of Xcel Energy by 1.5% in the 3rd quarter. Vanguard Group Inc now owns 38,706,426 shares of the utilities provider’s stock valued at $1,827,330,000 after purchasing an additional 578,219 shares during the last quarter. Geode Capital Management LLC boosted its stake in shares of Xcel Energy by 12.5% in the 4th quarter. Geode Capital Management LLC now owns 7,770,007 shares of the utilities provider’s stock valued at $382,256,000 after purchasing an additional 863,010 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in shares of Xcel Energy by 1.9% in the 1st quarter. Northern Trust Corp now owns 6,865,146 shares of the utilities provider’s stock valued at $385,890,000 after purchasing an additional 130,963 shares during the last quarter. 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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