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

Xcel Energy (NASDAQ:XEL) announced its earnings results on Thursday. The company reported $1.25 earnings per share for the quarter, missing the consensus estimate of $1.31 by ($0.06), Briefing.com reports. The firm had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.46% and a return on equity of 10.94%. Xcel Energy’s revenue was down .5% on a year-over-year basis. During the same quarter last year, the business earned $1.23 earnings per share.

Xcel Energy Stock Performance

Shares of XEL traded down $0.10 during mid-day trading on Friday, reaching $66.71. The company had a trading volume of 6,808,586 shares, compared to its average volume of 4,168,878. The stock has a 50 day moving average of $63.48 and a two-hundred day moving average of $58.16. The company has a quick ratio of 0.86, a current ratio of 0.97 and a debt-to-equity ratio of 1.54. The stock 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. Xcel Energy has a 52-week low of $46.79 and a 52-week high of $68.29.

Wall Street Analysts Forecast Growth

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

About Xcel Energy

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.