Zacks Research Has Negative View of Xcel Energy Q3 Earnings

Xcel Energy Inc. (NASDAQ:XEL) – Stock analysts at Zacks Research reduced their Q3 2024 earnings per share estimates for Xcel Energy in a report issued on Wednesday, October 30th. Zacks Research analyst R. Department now expects that the company will post earnings of $1.31 per share for the quarter, down from their prior estimate of $1.32. The consensus estimate for Xcel Energy’s current full-year earnings is $3.56 per share. Zacks Research also issued estimates for Xcel Energy’s Q4 2024 earnings at $0.82 EPS, Q1 2025 earnings at $0.92 EPS, Q2 2025 earnings at $0.52 EPS, Q3 2025 earnings at $1.64 EPS, Q4 2025 earnings at $0.75 EPS, FY2025 earnings at $3.83 EPS, Q1 2026 earnings at $0.93 EPS and Q2 2026 earnings at $0.59 EPS.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, August 1st. The company reported $0.54 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.57 by ($0.03). The business had revenue of $3.03 billion during the quarter, compared to analyst estimates of $3.29 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. Xcel Energy’s revenue for the quarter was up .2% on a year-over-year basis. During the same quarter last year, the business earned $0.52 earnings per share.

Other research analysts also recently issued reports about the company. UBS Group raised their price target on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research note on Friday, September 20th. Barclays boosted their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. Wells Fargo & Company raised their price objective on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research report on Wednesday, October 16th. Argus raised Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a report on Monday, August 26th. Finally, Morgan Stanley lifted their price objective on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research report on Wednesday, September 25th. Eight investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, Xcel Energy currently has a consensus rating of “Hold” and a consensus price target of $65.54.

Xcel Energy Trading Up 6.0 %

Xcel Energy stock opened at $66.81 on Thursday. The company has a debt-to-equity ratio of 1.54, a current ratio of 0.97 and a quick ratio of 0.86. The firm has a 50-day moving average of $63.48 and a 200-day moving average of $58.16. The company has a market cap of $37.25 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 2.83 and a beta of 0.39. Xcel Energy has a one year low of $46.79 and a one year high of $67.73.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the business. TruNorth Capital Management LLC bought a new stake in Xcel Energy during the 2nd quarter worth $30,000. American National Bank acquired a new position in shares of Xcel Energy in the second quarter valued at approximately $32,000. Kimelman & Baird LLC bought a new position in Xcel Energy in the 2nd quarter valued at approximately $35,000. West Financial Advisors LLC bought a new stake in Xcel Energy during the 3rd quarter worth approximately $43,000. Finally, Rothschild Investment LLC acquired a new position in Xcel Energy in the 2nd quarter valued at approximately $37,000. 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.