FY2024 EPS Estimates for Xcel Energy Lowered by Analyst

Xcel Energy Inc. (NASDAQ:XEL) – Stock analysts at Zacks Research reduced their FY2024 earnings per share estimates for Xcel Energy in a report issued on Thursday, November 21st. Zacks Research analyst R. Department now expects that the company will post earnings of $3.51 per share for the year, down from their prior estimate of $3.55. The consensus estimate for Xcel Energy’s current full-year earnings is $3.54 per share. Zacks Research also issued estimates for Xcel Energy’s Q4 2024 earnings at $0.88 EPS, Q2 2025 earnings at $0.53 EPS, Q3 2025 earnings at $1.49 EPS, FY2025 earnings at $3.81 EPS, Q1 2026 earnings at $0.96 EPS and FY2026 earnings at $4.12 EPS.

Xcel Energy (NASDAQ:XEL) last released its earnings results on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). Xcel Energy had a return on equity of 10.76% and a net margin of 13.67%. The firm had revenue of $3.64 billion for the quarter, compared to the consensus estimate of $3.93 billion. During the same quarter last year, the company posted $1.23 EPS. Xcel Energy’s revenue for the quarter was down .5% on a year-over-year basis.

XEL has been the topic of several other research reports. Morgan Stanley lowered their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research report on Friday. KeyCorp raised their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Barclays boosted their price target on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Finally, Argus upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective on the stock in a research note on Monday, August 26th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Xcel Energy Price Performance

NASDAQ XEL opened at $71.60 on Monday. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. Xcel Energy has a 12-month low of $46.79 and a 12-month high of $71.95. The firm’s 50 day moving average is $65.57 and its 200-day moving average is $59.93. The company has a market capitalization of $41.12 billion, a PE ratio of 21.25, a price-to-earnings-growth ratio of 2.92 and a beta of 0.38.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Ashton Thomas Securities LLC purchased a new stake in shares of Xcel Energy in the third quarter valued at about $25,000. TruNorth Capital Management LLC bought a new position in Xcel Energy in the 2nd quarter worth about $30,000. American National Bank bought a new position in shares of Xcel Energy in the second quarter valued at approximately $32,000. Transcendent Capital Group LLC bought a new position in shares of Xcel Energy in the third quarter worth $33,000. Finally, Kimelman & Baird LLC bought a new position in Xcel Energy in the 2nd quarter worth about $35,000. Institutional investors and hedge funds own 78.38% of the company’s stock.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.