Brokerages expect that Xcel Energy Inc (NYSE:XEL) will announce $3.07 billion in sales for the current quarter, Zacks reports. Two analysts have issued estimates for Xcel Energy’s earnings. The lowest sales estimate is $2.96 billion and the highest is $3.18 billion. Xcel Energy reported sales of $2.88 billion during the same quarter last year, which would suggest a positive year over year growth rate of 6.6%. The company is scheduled to issue its next quarterly earnings report on Thursday, January 30th.

On average, analysts expect that Xcel Energy will report full year sales of $11.80 billion for the current year, with estimates ranging from $11.73 billion to $11.91 billion. For the next year, analysts anticipate that the firm will report sales of $12.53 billion, with estimates ranging from $12.05 billion to $12.97 billion. Zacks Investment Research’s sales averages are a mean average based on a survey of research analysts that cover Xcel Energy.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.02). The business had revenue of $3.01 billion during the quarter, compared to the consensus estimate of $3.55 billion. Xcel Energy’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the business posted $0.96 EPS.

Several research analysts have recently issued reports on XEL shares. KeyCorp upped their price objective on Xcel Energy from $67.00 to $73.00 and gave the stock an “overweight” rating in a research report on Monday, October 21st. Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 price objective for the company in a research report on Monday, August 26th. UBS Group upped their price objective on Xcel Energy from $63.00 to $66.00 and gave the stock a “neutral” rating in a research report on Friday, September 6th. Bank of America cut Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 price objective for the company. in a research report on Monday, September 30th. Finally, Barclays cut Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price objective for the company. in a research report on Tuesday, August 13th. They noted that the move was a valuation call. One equities research analyst has rated the stock with a sell rating, seven have issued 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 price target of $64.20.

Shares of NYSE:XEL traded up $0.10 on Friday, hitting $60.17. 1,440,784 shares of the company’s stock were exchanged, compared to its average volume of 3,269,867. The firm’s 50-day moving average is $63.42 and its 200 day moving average is $61.12. Xcel Energy has a 1-year low of $47.70 and a 1-year high of $66.05.

The company also recently announced a quarterly dividend, which was paid on Sunday, October 20th. Investors of record on Friday, September 13th were given a $0.405 dividend. The ex-dividend date of this dividend was Thursday, September 12th. This represents a $1.62 dividend on an annualized basis and a dividend yield of 2.69%.

In related news, insider Mark E. Stoering sold 4,882 shares of the company’s stock in a transaction dated Friday, September 6th. The stock was sold at an average price of $64.87, for a total value of $316,695.34. Following the completion of the sale, the insider now directly owns 51,797 shares of the company’s stock, valued at approximately $3,360,071.39. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP Scott M. Wilensky sold 15,000 shares of the company’s stock in a transaction dated Friday, August 16th. The shares were sold at an average price of $61.71, for a total value of $925,650.00. The disclosure for this sale can be found here. Over the last three months, insiders sold 49,382 shares of company stock valued at $3,133,045. Insiders own 0.22% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Gradient Investments LLC raised its stake in Xcel Energy by 71.6% during the 3rd quarter. Gradient Investments LLC now owns 398 shares of the utilities provider’s stock valued at $26,000 after acquiring an additional 166 shares during the last quarter. Krane Funds Advisors LLC purchased a new stake in Xcel Energy during the 2nd quarter valued at approximately $25,000. JJJ Advisors Inc. purchased a new stake in Xcel Energy during the 3rd quarter valued at approximately $28,000. Manchester Financial Inc. purchased a new stake in Xcel Energy during the 2nd quarter valued at approximately $26,000. Finally, Prestige Wealth Management Group LLC purchased a new stake in Xcel Energy during the 2nd quarter valued at approximately $27,000. 73.96% of the stock is owned by hedge funds and other institutional investors.

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

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