Zacks Research Reduces Earnings Estimates for Xcel Energy

Xcel Energy Inc. (NASDAQ:XEL) – Analysts at Zacks Research lowered their FY2024 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 forecasts 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 $3.55 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 issued its earnings results 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). The firm 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 quarterly revenue was down .5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.23 earnings per share.

Several other research analysts also recently commented on the stock. UBS Group raised their price objective on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. Barclays raised their price target on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a report on Monday, October 21st. Morgan Stanley decreased their price objective on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating on the stock in a research note on Friday. Wells Fargo & Company raised their target price on Xcel Energy from $63.00 to $66.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 16th. Finally, KeyCorp upped their price target on Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday, November 1st. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $66.31.

Xcel Energy Price Performance

Shares of NASDAQ:XEL opened at $71.35 on Monday. The firm has a market capitalization of $40.97 billion, a PE ratio of 21.17, a P/E/G ratio of 2.92 and a beta of 0.38. The company has a quick ratio of 0.82, a current ratio of 0.93 and a debt-to-equity ratio of 1.42. The company has a 50-day moving average price of $65.42 and a two-hundred day moving average price of $59.82. Xcel Energy has a twelve month low of $46.79 and a twelve month high of $71.79.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Ashton Thomas Securities LLC purchased a new stake in Xcel Energy in the third quarter worth approximately $25,000. Transcendent Capital Group LLC purchased a new position in Xcel Energy in the 3rd quarter worth $33,000. TruNorth Capital Management LLC bought a new stake in Xcel Energy in the second quarter worth $30,000. American National Bank purchased a new stake in Xcel Energy during the second quarter valued at about $32,000. Finally, Kimelman & Baird LLC bought a new position in shares of Xcel Energy during the second quarter valued at about $35,000. 78.38% of the stock is currently owned by hedge funds and other institutional investors.

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.