Zacks Research Decreases Earnings Estimates for Xcel Energy

Xcel Energy Inc. (NASDAQ:XEL) – Zacks Research dropped their FY2024 earnings per share (EPS) estimates for shares of Xcel Energy in a research report issued to clients and investors on Thursday, November 21st. Zacks Research analyst R. Department now anticipates that the company will post earnings of $3.51 per share for the year, down from their previous forecast 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 announced its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share (EPS) for the quarter, missing the consensus estimate 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 business earned $1.23 earnings per share. The business’s revenue for the quarter was down .5% compared to the same quarter last year.

XEL has been the subject of several other research reports. Morgan Stanley decreased their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday. Wells Fargo & Company upped their price target on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Barclays upped their price objective on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research note on Monday, October 21st. KeyCorp increased their target price on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday, November 1st. Finally, Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and raised their price target for the stock from $71.00 to $76.00 in a report on Friday, November 1st. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, Xcel Energy has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Xcel Energy Stock Up 0.4 %

NASDAQ:XEL opened at $71.60 on Monday. The firm 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. The stock has a 50 day moving average of $65.57 and a 200-day moving average of $59.93. 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 52 week low of $46.79 and a 52 week high of $71.95.

Institutional Trading of Xcel Energy

A number of hedge funds have recently modified their holdings of the company. Synovus Financial Corp raised its position in Xcel Energy by 17.7% in the third quarter. Synovus Financial Corp now owns 5,795 shares of the company’s stock worth $378,000 after purchasing an additional 873 shares in the last quarter. Wilmington Savings Fund Society FSB bought a new position in shares of Xcel Energy in the third quarter valued at about $1,124,000. Sanctuary Advisors LLC lifted its position in shares of Xcel Energy by 28.7% during the third quarter. Sanctuary Advisors LLC now owns 82,826 shares of the company’s stock worth $5,910,000 after purchasing an additional 18,489 shares in the last quarter. Stock Yards Bank & Trust Co. lifted its holdings in Xcel Energy by 12.6% during the 3rd quarter. Stock Yards Bank & Trust Co. now owns 5,984 shares of the company’s stock worth $391,000 after buying an additional 668 shares in the last quarter. Finally, Virtu Financial LLC lifted its stake in shares of Xcel Energy by 12.0% during the third quarter. Virtu Financial LLC now owns 4,347 shares of the company’s stock valued at $284,000 after acquiring an additional 466 shares during the period. 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.