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Market Overview

Xcel Energy: Q4 Earnings Insights

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Shares of Xcel Energy (NASDAQ:XEL) remained unaffected after the company reported Q4 results.

Quarterly Results

Earnings per share were down 3.57% over the past year to $0.54, which were in line with the estimate of $0.54.

Revenue of $2,947,000,000 rose by 5.33% from the same period last year, which missed the estimate of $3,080,000,000.

Outlook

The upcoming fiscal year's EPS expected to be between $2.90 and $3.00.

How To Listen To The Conference Call

Date: Jan 28, 2021

Time: 10:00 AM

ET Webcast URL: https://78449.choruscall.com/dataconf/productusers/xel/mediaframe/42850/indexr.html

Technicals

Company's 52-week high was at $76.44

52-week low: $46.58

Price action over last quarter: down 8.87%

Company Description

Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy providers in the U.S. with 28% of its electricity sales coming from renewable energy in 2019.

 

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Posted-In: BZI-RecapsEarnings News

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