Equities analysts predict that Xcel Energy Inc (NYSE:XEL) will report $3.20 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 $3.29 billion and the lowest is $3.10 billion. Xcel Energy posted sales of $3.05 billion during the same quarter last year, which suggests a positive year-over-year growth rate of 4.9%. The business is expected to announce its next quarterly earnings report on Thursday, October 24th.
On average, analysts expect that Xcel Energy will report full year sales of $11.90 billion for the current fiscal year, with estimates ranging from $11.76 billion to $12.14 billion. For the next year, analysts expect that the company will post sales of $12.49 billion, with estimates ranging from $12.05 billion to $12.77 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of sell-side research firms that cover Xcel Energy.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, August 1st. The utilities provider reported $0.46 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.07). The firm had revenue of $2.58 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same quarter in the previous year, the company earned $0.52 EPS. The company’s revenue for the quarter was down 3.0% on a year-over-year basis.
XEL has been the topic of several research analyst reports. Morgan Stanley dropped their target price on Xcel Energy from $61.00 to $60.00 and set an “equal weight” rating on the stock in a research note on Friday. KeyCorp initiated coverage on Xcel Energy in a research note on Tuesday, June 4th. They set an “overweight” rating and a $62.00 target price on the stock. Wolfe Research set a $57.00 target price on Xcel Energy and gave the stock a “hold” rating in a research note on Friday, April 26th. Argus boosted their target price on Xcel Energy to $64.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Finally, Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating and set a $64.00 target price on the stock. in a research note on Saturday, July 27th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating and two have given a buy rating to the company. Xcel Energy currently has an average rating of “Hold” and an average target price of $59.71.
XEL stock traded up $0.27 on Friday, hitting $61.80. 2,257,500 shares of the company’s stock were exchanged, compared to its average volume of 3,223,927. Xcel Energy has a 12-month low of $46.01 and a 12-month high of $62.17. The firm has a 50 day moving average price of $60.69 and a two-hundred day moving average price of $57.50.
In other Xcel Energy news, EVP David L. Eves sold 10,000 shares of the business’s stock in a transaction dated Thursday, May 30th. The stock was sold at an average price of $57.23, for a total transaction of $572,300.00. Following the sale, the executive vice president now owns 58,681 shares in the company, valued at approximately $3,358,313.63. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Benjamin G. S. Fowke III sold 50,000 shares of the business’s stock in a transaction dated Friday, June 7th. The shares were sold at an average price of $59.81, for a total value of $2,990,500.00. Following the sale, the chief executive officer now owns 608,862 shares in the company, valued at approximately $36,416,036.22. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 69,400 shares of company stock worth $4,112,790. 0.22% of the stock is owned by company insiders.
A number of institutional investors have recently bought and sold shares of the business. Capital Investment Advisors LLC acquired a new position in shares of Xcel Energy in the 1st quarter valued at about $225,000. Oregon Public Employees Retirement Fund lifted its holdings in shares of Xcel Energy by 17.3% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 125,777 shares of the utilities provider’s stock valued at $7,482,000 after buying an additional 18,520 shares during the period. Centersquare Investment Management LLC acquired a new position in shares of Xcel Energy in the 1st quarter valued at about $80,000. Signaturefd LLC lifted its holdings in shares of Xcel Energy by 155.4% in the 1st quarter. Signaturefd LLC now owns 3,829 shares of the utilities provider’s stock valued at $215,000 after buying an additional 2,330 shares during the period. Finally, Rational Advisors LLC lifted its holdings in shares of Xcel Energy by 39.6% in the 1st quarter. Rational Advisors LLC now owns 2,081 shares of the utilities provider’s stock valued at $117,000 after buying an additional 590 shares during the period. Institutional investors and hedge funds 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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