Xcel Energy (XEL) Posts Quarterly Earnings Results, Beats Expectations By $0.01 EPS
Xcel Energy (NYSE:XEL) announced its earnings results on Friday. The company reported $0.30 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.29 by $0.01, StockRatingsNetwork.com reports. The company had revenue of $2.73 billion for the quarter, compared to the consensus estimate of $2.70 billion.
Xcel Energy (NYSE:XEL) opened at 28.73 on Friday. Xcel Energy has a one year low of $26.90 and a one year high of $31.79. The stock has a 50-day moving average of $28.03 and a 200-day moving average of $28.35. The company has a market cap of $14.297 billion and a P/E ratio of 14.88.
A number of analysts have recently weighed in on XEL shares. Analysts at ISI Group upgraded shares of Xcel Energy from a “neutral” rating to a “buy” rating in a research note to investors on Tuesday, January 14th. On the ratings front, analysts at Barclays cut their price target on shares of Xcel Energy from $33.00 to $30.00 in a research note to investors on Monday, January 6th. They now have an “equal weight” rating on the stock. Finally, analysts at Jefferies Group cut their price target on shares of Xcel Energy from $33.00 to $30.50 in a research note to investors on Monday, January 6th. One equities research analyst has rated the stock with a sell rating, eight have given a hold rating and two have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and an average price target of $30.75.
Xcel Energy Inc is a holding company with subsidiaries engaged primarily in the utility business. During the year ended December 31, 2012, the Company’s operations included the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states.
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