Xcel Energy (NASDAQ:XEL – Get Free Report) released its quarterly earnings results on Wednesday. The company reported $1.52 EPS for the quarter, topping the consensus estimate of $1.39 by $0.13, FiscalAI reports. Xcel Energy had a return on equity of 10.65% and a net margin of 15.28%. The company had revenue of $4.17 billion for the quarter, compared to analyst estimates of $4.26 billion. During the same quarter in the previous year, the company posted $1.24 earnings per share. The firm’s revenue was up 6.6% compared to the same quarter last year.
Xcel Energy Trading Up 2.5%
NASDAQ:XEL traded up $1.95 during trading hours on Thursday, hitting $79.12. The stock had a trading volume of 2,981,399 shares, compared to its average volume of 5,243,406. The company has a debt-to-equity ratio of 1.49, a quick ratio of 0.62 and a current ratio of 0.70. The company has a market cap of $49.42 billion, a price-to-earnings ratio of 21.66, a P/E/G ratio of 2.59 and a beta of 0.36. The business’s 50 day moving average is $74.67 and its 200-day moving average is $78.13. Xcel Energy has a one year low of $68.72 and a one year high of $84.23.
Wall Street Analyst Weigh In
Several research analysts have weighed in on XEL shares. Jefferies Financial Group restated a “buy” rating and set a $99.00 target price (down from $101.00) on shares of Xcel Energy in a research report on Tuesday, October 20th. Weiss Ratings lowered Xcel Energy from a “buy (b)” rating to a “buy (b-)” rating in a research note on Monday, October 19th. Morgan Stanley boosted their price objective on shares of Xcel Energy from $83.00 to $85.00 and gave the stock an “equal weight” rating in a research note on Wednesday, October 21st. HSBC started coverage on Xcel Energy in a report on Thursday, October 22nd. They set a “buy” rating and a $89.00 target price on the stock. Finally, Scotiabank assumed coverage on shares of Xcel Energy in a report on Tuesday, September 29th. They issued a “sector outperform” rating and a $77.00 price objective for the company. One equities research analyst has rated the stock with a Strong Buy rating, sixteen have assigned a Buy rating and one has issued a Hold rating to the stock. According to MarketBeat, Xcel Energy currently has an average rating of “Buy” and an average target price of $90.21.
View Our Latest Stock Report on XEL
Xcel Energy Company Profile
Xcel Energy Inc is a public utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers. Its operations include the generation, transmission, distribution, and sale of electricity, as well as the distribution and sale of natural gas.
The company serves customers across Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin through operating companies including Northern States Power, Public Service Company of Colorado, Southwestern Public Service Company, and NSP-Wisconsin.
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