Xcel Energy Inc. (NYSE:XEL) – Equities researchers at KeyCorp boosted their Q2 2017 earnings estimates for shares of Xcel Energy in a research report issued on Monday. KeyCorp analyst P. Ridzon now forecasts that the utilities provider will earn $0.42 per share for the quarter, up from their prior estimate of $0.40. KeyCorp also issued estimates for Xcel Energy’s FY2018 earnings at $2.45 EPS.

Several other brokerages also recently commented on XEL. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective on the stock in a research report on Thursday, June 22nd. Jefferies Group LLC reissued a “hold” rating and set a $48.00 price objective on shares of Xcel Energy in a research report on Friday, June 9th. BidaskClub downgraded shares of Xcel Energy from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 24th. Argus increased their price objective on shares of Xcel Energy from $50.00 to $53.00 and gave the company a “buy” rating in a research report on Wednesday, June 14th. Finally, Mizuho assumed coverage on shares of Xcel Energy in a research report on Wednesday, April 19th. They set a “neutral” rating and a $44.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus target price of $46.70.

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Xcel Energy (NYSE:XEL) opened at 46.70 on Wednesday. The company has a market capitalization of $23.71 billion, a price-to-earnings ratio of 21.19 and a beta of 0.19. The company’s 50 day moving average is $46.76 and its 200-day moving average is $44.50. Xcel Energy has a 52-week low of $38.00 and a 52-week high of $48.50.

Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.47 earnings per share for the quarter, missing analysts’ consensus estimates of $0.50 by $0.03. Xcel Energy had a net margin of 9.94% and a return on equity of 10.24%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period in the previous year, the business earned $0.47 earnings per share. The firm’s revenue for the quarter was up 6.3% on a year-over-year basis.

The business also recently announced a quarterly dividend, which was paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th were paid a dividend of $0.36 per share. This represents a $1.44 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend was Tuesday, June 13th. Xcel Energy’s dividend payout ratio is currently 65.16%.

A number of institutional investors have recently bought and sold shares of the stock. Sharkey Howes & Javer boosted its position in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock valued at $133,000 after buying an additional 16 shares in the last quarter. Alpha Windward LLC boosted its position in Xcel Energy by 0.4% in the first quarter. Alpha Windward LLC now owns 4,022 shares of the utilities provider’s stock valued at $179,000 after buying an additional 18 shares in the last quarter. Eqis Capital Management Inc. boosted its position in Xcel Energy by 0.5% in the second quarter. Eqis Capital Management Inc. now owns 5,325 shares of the utilities provider’s stock valued at $244,000 after buying an additional 29 shares in the last quarter. Cleararc Capital Inc. boosted its position in Xcel Energy by 0.3% in the first quarter. Cleararc Capital Inc. now owns 12,391 shares of the utilities provider’s stock valued at $551,000 after buying an additional 43 shares in the last quarter. Finally, Windsor Capital Management LLC boosted its position in Xcel Energy by 0.4% in the first quarter. Windsor Capital Management LLC now owns 14,086 shares of the utilities provider’s stock valued at $626,000 after buying an additional 60 shares in the last quarter. Institutional investors and hedge funds own 72.07% 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.

Earnings History and Estimates for Xcel Energy (NYSE:XEL)

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