Zacks Research Forecasts Weaker Earnings for Xcel Energy

Xcel Energy Inc. (NASDAQ:XEL) – Analysts at Zacks Research decreased their FY2024 earnings per share (EPS) estimates for shares of Xcel Energy in a research report issued on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $3.51 for the year, down from their prior estimate of $3.55. The consensus estimate for Xcel Energy’s current full-year earnings is $3.55 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 quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.26 by ($0.01). The company had revenue of $3.64 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The business’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the firm earned $1.23 EPS.

XEL has been the subject of several other reports. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their price objective for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Barclays raised their target price on Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a research note on Monday, August 26th. UBS Group increased their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Finally, KeyCorp boosted their target price on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat.com, Xcel Energy presently has an average rating of “Moderate Buy” and a consensus price target of $66.31.

Xcel Energy Trading Down 0.0 %

NASDAQ:XEL opened at $71.35 on Monday. The company has a 50-day moving average price of $65.42 and a 200-day moving average price of $59.82. The stock has a market cap of $40.97 billion, a price-to-earnings ratio of 21.17, a P/E/G ratio of 2.92 and a beta of 0.38. The company has a current ratio of 0.93, a quick ratio of 0.82 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 $71.79.

Institutional Investors Weigh In On Xcel Energy

Institutional investors have recently made changes to their positions in the company. State Street Corp boosted its position in shares of Xcel Energy by 6.7% during the third quarter. State Street Corp now owns 37,143,025 shares of the company’s stock valued at $2,445,477,000 after buying an additional 2,323,448 shares during the last quarter. Massachusetts Financial Services Co. MA lifted its stake in Xcel Energy by 6.2% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 15,190,756 shares of the company’s stock valued at $991,956,000 after acquiring an additional 892,740 shares during the period. Geode Capital Management LLC lifted its position in Xcel Energy by 1.8% during the third quarter. Geode Capital Management LLC now owns 14,562,103 shares of the company’s stock valued at $952,091,000 after purchasing an additional 262,191 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in shares of Xcel Energy by 2.0% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 3,417,615 shares of the company’s stock worth $223,170,000 after buying an additional 67,820 shares during the last quarter. Finally, Brookfield Corp ON lifted its holdings in Xcel Energy by 520.1% in the third quarter. Brookfield Corp ON now owns 2,509,031 shares of the company’s stock valued at $163,840,000 after acquiring an additional 2,104,405 shares during the period. Hedge funds and other institutional investors own 78.38% of the company’s stock.

About Xcel Energy

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.