Xcel Energy (NASDAQ:XEL) Releases Quarterly Earnings Results, Misses Estimates By $0.06 EPS

Xcel Energy (NASDAQ:XEL) issued its quarterly earnings results on Thursday. The company reported $1.25 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.31 by ($0.06), Briefing.com reports. The business had revenue of $3.64 billion for the quarter, compared to analysts’ expectations of $3.93 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The business’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.23 EPS.

Xcel Energy Stock Down 0.1 %

Shares of NASDAQ XEL traded down $0.10 on Friday, hitting $66.71. The company had a trading volume of 6,808,586 shares, compared to its average volume of 4,168,878. The firm has a market capitalization of $37.19 billion, a P/E ratio of 20.11, a PEG ratio of 2.77 and a beta of 0.39. The business has a 50 day moving average of $63.48 and a two-hundred day moving average of $58.16. Xcel Energy has a 12-month low of $46.79 and a 12-month high of $68.29. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54.

Wall Street Analyst Weigh In

XEL has been the topic of a number of recent analyst reports. UBS Group increased their target price on Xcel Energy from $66.00 to $67.00 and gave the company a “neutral” rating in a research report on Friday, September 20th. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and upped their price objective for the company from $71.00 to $76.00 in a research note on Friday. Argus upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $68.00 price target on the stock in a report on Monday, August 26th. Barclays lifted their price target on shares of Xcel Energy from $57.00 to $67.00 and gave the company an “overweight” rating in a research report on Monday, October 21st. Finally, Morgan Stanley increased 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. Seven analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average 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.