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

Xcel Energy Inc. (NASDAQ:XEL) – Equities researchers at KeyCorp issued their Q2 2026 earnings per share (EPS) estimates for shares of Xcel Energy in a research note issued on Wednesday, July 22nd. KeyCorp analyst S. Karp forecasts that the company will post earnings per share of $0.78 for the quarter. KeyCorp 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.

Other equities analysts have also recently issued research reports about the company. New Street Research set a $91.00 target price on Xcel Energy in a report on Tuesday, June 23rd. BTIG Research restated a “buy” rating and issued a $98.00 price target on shares of Xcel Energy in a research report on Friday, June 26th. BMO Capital Markets dropped their price objective on shares of Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a research note on Wednesday. JPMorgan Chase & Co. boosted their price objective on shares of Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research report on Thursday, July 16th. Finally, Evercore reaffirmed an “outperform” rating and set a $96.00 price target on shares of Xcel Energy in a research note on Monday, May 4th. 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 stock. Based on data from MarketBeat, the company has a consensus rating of “Buy” and a consensus target price of $92.65.

Xcel Energy Trading Up 1.1%

Shares of NASDAQ XEL opened at $81.67 on Friday. The business’s 50 day moving average is $79.59 and its two-hundred day moving average is $79.26. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68. Xcel Energy has a 1-year low of $69.16 and a 1-year high of $84.23. The stock has a market capitalization of $50.98 billion, a P/E ratio of 23.54, a PEG ratio of 2.10 and a beta of 0.39.

Xcel Energy (NASDAQ:XEL) last issued 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 business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $4.21 billion. Xcel Energy had a net margin of 14.14% and a return on equity of 10.37%. The business’s revenue was up 2.9% on a year-over-year basis. During the same period last year, the company posted $0.84 EPS.

Institutional Trading of Xcel Energy

Large investors have recently modified their holdings of the company. Barclays PLC increased its holdings in Xcel Energy by 63.6% during the 4th quarter. Barclays PLC now owns 9,979,397 shares of the company’s stock worth $737,078,000 after purchasing an additional 3,881,011 shares during the period. JPMorgan Chase & Co. grew its position in shares of Xcel Energy by 16.9% during the 4th quarter. JPMorgan Chase & Co. now owns 24,572,438 shares of the company’s stock worth $1,814,920,000 after buying an additional 3,546,423 shares in the last quarter. Pictet Asset Management Holding SA grew its position in shares of Xcel Energy by 37.1% during the 1st quarter. Pictet Asset Management Holding SA now owns 8,871,863 shares of the company’s stock worth $704,780,000 after buying an additional 2,399,089 shares in the last quarter. Bank of America Corp DE increased its stake in shares of Xcel Energy by 9.0% during the second quarter. Bank of America Corp DE now owns 26,262,079 shares of the company’s stock valued at $1,788,448,000 after buying an additional 2,157,602 shares during the period. Finally, Boston Partners increased its stake in shares of Xcel Energy by 4,530.7% during the fourth quarter. Boston Partners now owns 2,024,541 shares of the company’s stock valued at $149,538,000 after buying an additional 1,980,821 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

Xcel Energy Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, July 20th. Stockholders of record on Monday, June 15th were paid a dividend of $0.5925 per share. This represents a $2.37 annualized dividend and a dividend yield of 2.9%. The ex-dividend date of this dividend was Monday, June 15th. Xcel Energy’s payout ratio 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.