KeyCorp Predicts Xcel Energy’s Q2 Earnings (NASDAQ:XEL)

Xcel Energy Inc. (NASDAQ:XEL) – KeyCorp issued their Q2 2026 earnings estimates for shares of Xcel Energy in a report issued on Wednesday, July 22nd. KeyCorp analyst S. Karp forecasts that the company will earn $0.78 per share for the quarter. KeyCorp currently has a “Overweight” rating on the stock. The consensus estimate for Xcel Energy’s current full-year earnings is $4.11 per share. KeyCorp also issued estimates for Xcel Energy’s Q3 2026 earnings at $1.42 EPS, Q4 2026 earnings at $1.05 EPS, FY2026 earnings at $4.12 EPS, FY2027 earnings at $4.49 EPS, FY2028 earnings at $4.89 EPS, FY2029 earnings at $5.34 EPS and FY2030 earnings at $5.85 EPS.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Wednesday, April 29th. The company reported $0.91 EPS for the quarter, hitting analysts’ consensus estimates of $0.91. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a return on equity of 10.37% and a net margin of 14.14%.The firm’s quarterly revenue was up 2.9% compared to the same quarter last year. During the same quarter last year, the business posted $0.84 EPS.

XEL has been the subject of a number of other research reports. New Street Research set a $91.00 price target on Xcel Energy in a report on Tuesday, June 23rd. BMO Capital Markets dropped their price objective on shares of Xcel Energy from $95.00 to $92.00 and set an “outperform” rating on the stock in a research note on Wednesday. Weiss Ratings reissued a “buy (b-)” rating on shares of Xcel Energy in a research report on Wednesday, June 17th. Jefferies Financial Group set a $101.00 target price on shares of Xcel Energy in a research note on Tuesday, July 7th. Finally, Mizuho lowered their price target on shares of Xcel Energy from $94.00 to $91.00 and set an “outperform” rating for the company in a report on Tuesday, June 23rd. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have issued a Buy rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Buy” and an average price target of $92.65.

Xcel Energy Price Performance

Xcel Energy stock opened at $81.67 on Friday. The firm has a fifty day moving average of $79.59 and a 200-day moving average of $79.26. Xcel Energy has a 52-week low of $69.16 and a 52-week high of $84.23. The company has a quick ratio of 0.68, a current ratio of 0.77 and a debt-to-equity ratio of 1.45. The firm has a market capitalization of $50.98 billion, a P/E ratio of 23.54, a PEG ratio of 2.12 and a beta of 0.39.

Institutional Inflows and Outflows

Institutional investors have recently added to or reduced their stakes in the stock. USA Financial Formulas lifted its stake in Xcel Energy by 491.3% during the fourth quarter. USA Financial Formulas now owns 21,435 shares of the company’s stock valued at $1,583,000 after purchasing an additional 17,810 shares during the last quarter. Cbre Investment Management Listed Real Assets LLC grew its position in Xcel Energy by 18.1% in the fourth quarter. Cbre Investment Management Listed Real Assets LLC now owns 2,324,667 shares of the company’s stock worth $171,700,000 after buying an additional 356,208 shares during the last quarter. PKO Investment Management Joint Stock Co bought a new position in shares of Xcel Energy in the fourth quarter valued at $1,477,000. Electron Capital Partners LLC increased its holdings in shares of Xcel Energy by 15.2% in the fourth quarter. Electron Capital Partners LLC now owns 1,936,695 shares of the company’s stock valued at $143,044,000 after buying an additional 255,884 shares in the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Xcel Energy by 0.8% during the 4th quarter. Geode Capital Management LLC now owns 16,496,124 shares of the company’s stock valued at $1,214,035,000 after acquiring an additional 126,498 shares during the last quarter. 78.38% of the stock is currently owned by institutional investors.

Xcel Energy Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, June 15th were issued a $0.5925 dividend. The ex-dividend date of this dividend was Monday, June 15th. This represents a $2.37 dividend on an annualized basis and a yield of 2.9%. Xcel Energy’s dividend payout ratio (DPR) is currently 68.30%.

Trending Headlines about Xcel Energy

Here are the key news stories impacting Xcel Energy this week:

• Positive Sentiment: KeyCorp reiterated an Overweight rating on Xcel Energy and raised its longer-term earnings estimates, including FY2027, FY2028, FY2029, and FY2030, signaling confidence in the utility’s multi-year growth profile.
• Positive Sentiment: KeyCorp also lifted its FY2029 EPS forecast to $5.34 from $5.13 and FY2028 EPS to $4.89 from $4.77, which supports the view that earnings can improve steadily over time.
• Positive Sentiment: Recent commentary also pointed to Xcel as potentially undervalued relative to its earnings and dividend profile, with additional investor focus on clean energy spending and AI-driven power demand as possible longer-term tailwinds.
• Neutral Sentiment: KeyCorp’s near-term FY2026 EPS estimate was slightly reduced to $4.12 from $4.13, a small change that does not materially alter the broader thesis.
• Neutral Sentiment: Other recent coverage included Morgan Stanley reiterating a Hold rating and Zacks noting the company is due to report earnings next week, keeping attention centered on the upcoming results rather than any major new fundamental shock.

About Xcel Energy

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.