Xcel Energy (NASDAQ:XEL) Updates FY24 Earnings Guidance

Xcel Energy (NASDAQ:XEL) updated its FY24 earnings guidance on Thursday. The company provided earnings per share guidance of $3.50-3.60 for the period, compared to the consensus earnings per share estimate of $3.56. Xcel Energy also updated its FY 2025 guidance to 3.750-3.850 EPS.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on XEL shares. Wells Fargo & Company increased their price target on Xcel Energy from $63.00 to $66.00 and gave the company an “equal weight” rating in a research note on Wednesday, October 16th. Jefferies Financial Group raised Xcel Energy from a “hold” rating to a “buy” rating and increased their target price 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 target price for the company in a research report on Monday, August 26th. Barclays increased 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, KeyCorp boosted their price objective on shares of Xcel Energy from $69.00 to $74.00 and gave the company an “overweight” rating in a report on Friday. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Xcel Energy has an average rating of “Moderate Buy” and a consensus target price of $66.38.

Xcel Energy Stock Down 0.2 %

NASDAQ XEL traded down $0.12 on Friday, reaching $66.69. The company had a trading volume of 6,860,953 shares, compared to its average volume of 3,615,531. The company’s fifty day moving average is $63.61 and its 200-day moving average is $58.29. The firm has a market capitalization of $37.18 billion, a price-to-earnings ratio of 19.79, a price-to-earnings-growth ratio of 2.94 and a beta of 0.38. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. Xcel Energy has a 1-year low of $46.79 and a 1-year high of $68.36.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06). 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 period in the prior year, the company earned $1.23 earnings per share. The firm’s quarterly revenue was down .5% on a year-over-year basis. On average, research analysts forecast that Xcel Energy will post 3.55 earnings per share for the current fiscal year.

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.