Xcel Energy Inc. (NASDAQ:XEL) has garnered a consensus rating of “Moderate Buy” from seventeen research firms actively monitoring the stock, according to MarketBeat. Analysts have varying recommendations, with one suggesting a sell, one advising hold, thirteen endorsing buy, and two advocating for a strong buy. The average target price for Xcel Energy shares stands at approximately $87.14, reflecting updated projections from analysts over the past year.
Several prominent brokerages have recently issued updated reports on Xcel Energy. On November 20, Morgan Stanley reiterated an “underperform” rating, setting a target price of $84.00. In contrast, Mizuho raised its price target from $83.00 to $87.00, while also assigning an “outperform” rating in a report dated October 27. KeyCorp increased its price objective from $79.00 to $85.00 and rated the company as “overweight” on October 15. Similarly, Barclays raised its target from $83.00 to $85.00 with an “overweight” rating on November 5. Jefferies Financial Group also increased its target price, from $84.00 to $92.00, and assigned a “buy” rating on October 16.
Current Stock Performance and Financial Overview
As of Wednesday, Xcel Energy shares opened at $77.18, reflecting a 0.8% decline. The stock has fluctuated between a one-year low of $62.58 and a high of $83.01. The company boasts a market capitalization of $45.66 billion and a price-to-earnings ratio of 23.53. Its price-to-earnings-growth ratio stands at 2.30, and the stock carries a beta of 0.45.
Xcel Energy’s recent earnings report, released on October 29, revealed earnings per share (EPS) of $1.24, which fell short of analysts’ expectations of $1.32 by $0.08. The company reported quarterly revenue of $3.92 billion, surpassing projections of $3.89 billion. Year-over-year, quarterly revenue increased by 7.4%, with a net margin of 13.46% and a return on equity of 10.45%. Analysts predict that Xcel Energy will report an EPS of $3.82 for the current fiscal year.
About Xcel Energy
Xcel Energy Inc., through its subsidiaries, is involved in the generation, purchasing, transmission, distribution, and sale of electricity. The company operates through several segments, including Regulated Electric Utility, Regulated Natural Gas Utility, and All Other. It generates electricity from a diverse mix of sources, including wind, nuclear, hydroelectric, biomass, solar, as well as fossil fuels like coal and natural gas.
This detailed analysis captures the current status of Xcel Energy in the stock market and its operational performance, providing investors with crucial insights into the company’s outlook.
