Xcel Energy (NASDAQ:XEL) Issues Earnings Results

Xcel Energy (NASDAQ:XEL) released its quarterly earnings results on Thursday. The company reported $1.25 EPS for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01), Briefing.com reports. Xcel Energy had a return on equity of 10.99% and a net margin of 13.67%. The firm had revenue of $3.64 billion for the quarter, compared to analyst estimates of $3.93 billion. During the same quarter last year, the company earned $1.23 earnings per share. The firm’s revenue for the quarter was down .5% on a year-over-year basis.

Xcel Energy Stock Performance

Shares of Xcel Energy stock opened at $66.69 on Monday. 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 52 week low of $46.79 and a 52 week high of $68.36. The firm’s 50 day moving average is $63.61 and its two-hundred day moving average is $58.33. The firm has a market capitalization of $37.18 billion, a P/E ratio of 19.79, a P/E/G ratio of 2.94 and a beta of 0.38.

Wall Street Analyst Weigh In

XEL has been the topic of several research reports. Barclays increased their target price on Xcel Energy from $57.00 to $67.00 and gave the stock an “overweight” rating in a research note on Monday, October 21st. UBS Group increased their price target on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their price objective for the company from $71.00 to $76.00 in a report on Friday. Argus raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 target price on the stock in a research note on Monday, August 26th. Finally, KeyCorp raised their price target on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a research report on Friday. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $66.38.

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.