Q3 EPS Estimates for Xcel Energy Decreased by Zacks Research

Xcel Energy Inc. (NASDAQ:XEL) – Analysts at Zacks Research cut their Q3 2024 earnings per share estimates for shares of Xcel Energy in a note issued to investors on Wednesday, October 30th. Zacks Research analyst R. Department now anticipates that the company will post earnings per share of $1.31 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.

Several other brokerages have also recently issued reports on XEL. Morgan Stanley lifted their target price on shares of Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a research note on Wednesday, September 25th. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price objective for the company in a research note on Monday, August 26th. Wells Fargo & Company increased their price objective on shares of Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. KeyCorp boosted their target price on Xcel Energy from $66.00 to $69.00 and gave the stock an “overweight” rating in a report on Monday, September 30th. Finally, Jefferies Financial Group started coverage on Xcel Energy in a report on Thursday, September 19th. They issued a “hold” rating and a $70.00 price target for the company. Eight analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, Xcel Energy has an average rating of “Hold” and a consensus price target of $65.54.

Xcel Energy Stock Up 6.0 %

XEL opened at $66.81 on Thursday. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. Xcel Energy has a twelve month low of $46.79 and a twelve month high of $67.73. The company has a market cap of $37.25 billion, a PE ratio of 19.94, a price-to-earnings-growth ratio of 2.83 and a beta of 0.39. The company has a 50-day moving average price of $63.48 and a 200 day moving average price of $58.16.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings results 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 company 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 was up .2% compared to the same quarter last year. During the same period in the prior year, the business posted $0.52 EPS.

Institutional Trading of Xcel Energy

Large investors have recently modified their holdings of the stock. ProShare Advisors LLC raised its holdings in Xcel Energy by 23.2% in the first quarter. ProShare Advisors LLC now owns 643,986 shares of the company’s stock valued at $34,614,000 after acquiring an additional 121,118 shares in the last quarter. Sumitomo Mitsui Trust Holdings Inc. raised its holdings in shares of Xcel Energy by 2.4% in the 1st quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 1,625,530 shares of the company’s stock valued at $87,372,000 after purchasing an additional 38,653 shares in the last quarter. Daiwa Securities Group Inc. lifted its position in shares of Xcel Energy by 24.8% during the 1st quarter. Daiwa Securities Group Inc. now owns 100,969 shares of the company’s stock worth $5,427,000 after purchasing an additional 20,068 shares during the last quarter. Forsta AP Fonden grew its stake in shares of Xcel Energy by 91.6% during the first quarter. Forsta AP Fonden now owns 190,600 shares of the company’s stock worth $10,245,000 after purchasing an additional 91,100 shares in the last quarter. Finally, Czech National Bank grew its stake in shares of Xcel Energy by 9.1% during the second quarter. Czech National Bank now owns 105,882 shares of the company’s stock worth $5,655,000 after purchasing an additional 8,790 shares in the last quarter. Hedge funds and other institutional investors 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.