FY2024 EPS Forecast for Xcel Energy Lowered by Analyst

Xcel Energy Inc. (NASDAQ:XEL) – Investment analysts at Zacks Research dropped their FY2024 earnings per share (EPS) estimates for 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 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 $3.54 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.

Other equities research analysts have also issued research reports about the stock. Barclays increased their price objective on shares of Xcel Energy from $67.00 to $71.00 and gave the stock an “overweight” rating in a research report on Tuesday. Morgan Stanley lowered their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a report on Friday, November 22nd. UBS Group boosted their price objective on Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research note on Friday, September 20th. KeyCorp upped their target price on Xcel Energy from $69.00 to $74.00 and gave the stock an “overweight” rating in a research report on Friday, November 1st. Finally, Wells Fargo & Company raised their target price on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a report on Wednesday, October 16th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $66.62.

Xcel Energy Trading Up 0.4 %

NASDAQ XEL opened at $71.87 on Monday. The firm has a market capitalization of $41.27 billion, a price-to-earnings ratio of 21.33, a PEG ratio of 2.92 and a beta of 0.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. Xcel Energy has a one year low of $46.79 and a one year high of $72.09. The company’s 50 day moving average price is $65.71 and its 200 day moving average price is $60.05.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, October 31st. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates 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 during the quarter, compared to analysts’ expectations 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.

Institutional Trading of Xcel Energy

Hedge funds have recently made changes to their positions in the stock. BOKF NA boosted its stake in Xcel Energy by 18.2% during the 1st quarter. BOKF NA now owns 24,678 shares of the company’s stock valued at $1,315,000 after acquiring an additional 3,806 shares during the last quarter. Tidal Investments LLC lifted its position in shares of Xcel Energy by 4.4% during the first quarter. Tidal Investments LLC now owns 28,641 shares of the company’s stock worth $1,539,000 after purchasing an additional 1,202 shares during the last quarter. LBP AM SA grew its stake in Xcel Energy by 1,137.6% in the first quarter. LBP AM SA now owns 89,661 shares of the company’s stock worth $4,819,000 after purchasing an additional 82,416 shares in the last quarter. Zimmer Partners LP increased its holdings in Xcel Energy by 1,765.0% in the first quarter. Zimmer Partners LP now owns 932,505 shares of the company’s stock valued at $50,122,000 after buying an additional 882,505 shares during the last quarter. Finally, Virtu Financial LLC acquired a new stake in Xcel Energy during the first quarter valued at approximately $994,000. Institutional investors and hedge funds 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.