Brokers Issue Forecasts for Xcel Energy Inc’s FY2019 Earnings (XEL)
Xcel Energy Inc (NYSE:XEL) – Stock analysts at Jefferies Group issued their FY2019 earnings per share (EPS) estimates for shares of Xcel Energy in a research note issued on Thursday, according to Zacks Investment Research. Jefferies Group analyst A. Crowdell expects that the utilities provider will post earnings per share of $2.60 for the year. Jefferies Group currently has a “Hold” rating and a $46.00 price objective on the stock.
A number of other brokerages also recently weighed in on XEL. Zacks Investment Research downgraded Xcel Energy from a “hold” rating to a “sell” rating in a research note on Wednesday, April 12th. Deutsche Bank AG upped their price objective on Xcel Energy from $44.00 to $45.00 and gave the stock a “hold” rating in a research note on Tuesday, April 11th. Royal Bank of Canada restated a “hold” rating and set a $45.00 price objective on shares of Xcel Energy in a research note on Friday, March 17th. Finally, Mizuho began coverage on Xcel Energy in a research note on Wednesday. They set a “neutral” rating and a $44.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. The stock has an average rating of “Hold” and a consensus price target of $45.67.
Shares of Xcel Energy (NYSE:XEL) traded up 0.40% during mid-day trading on Friday, hitting $44.83. 1,937,679 shares of the stock traded hands. Xcel Energy has a one year low of $38.00 and a one year high of $45.42. The stock has a 50 day moving average price of $44.24 and a 200-day moving average price of $41.51. The company has a market cap of $22.74 billion, a P/E ratio of 20.30 and a beta of 0.09.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, February 2nd. The utilities provider reported $0.45 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.01. Xcel Energy had a net margin of 10.11% and a return on equity of 10.41%. The company had revenue of $2.79 billion for the quarter, compared to analysts’ expectations of $3.18 billion. During the same quarter in the prior year, the company posted $0.41 earnings per share. Xcel Energy’s revenue for the quarter was up 5.6% compared to the same quarter last year.
The company also recently disclosed a quarterly dividend, which was paid on Thursday, April 20th. Stockholders of record on Wednesday, March 15th were issued a $0.36 dividend. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.34. The ex-dividend date of this dividend was Monday, March 13th. This represents a $1.44 annualized dividend and a dividend yield of 3.21%. Xcel Energy’s dividend payout ratio is 61.54%.
In related news, Director James T. Prokopanko bought 1,000 shares of Xcel Energy stock in a transaction dated Tuesday, February 7th. The stock was acquired at an average cost of $41.45 per share, with a total value of $41,450.00. Following the completion of the acquisition, the director now directly owns 1,000 shares in the company, valued at approximately $41,450. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.20% of the company’s stock.
Large investors have recently made changes to their positions in the stock. Macquarie Group Ltd. raised its position in Xcel Energy by 3.0% in the second quarter. Macquarie Group Ltd. now owns 182,773 shares of the utilities provider’s stock valued at $8,184,000 after buying an additional 5,298 shares during the last quarter. Evercore Wealth Management LLC raised its position in Xcel Energy by 6.4% in the second quarter. Evercore Wealth Management LLC now owns 3,764 shares of the utilities provider’s stock valued at $169,000 after buying an additional 226 shares during the last quarter. Eqis Capital Management Inc. raised its position in Xcel Energy by 11.7% in the third quarter. Eqis Capital Management Inc. now owns 5,901 shares of the utilities provider’s stock valued at $243,000 after buying an additional 620 shares during the last quarter. Advisory Services Network LLC raised its position in Xcel Energy by 11.9% in the third quarter. Advisory Services Network LLC now owns 6,747 shares of the utilities provider’s stock valued at $278,000 after buying an additional 716 shares during the last quarter. Finally, Raymond James Trust N.A. raised its position in Xcel Energy by 13.2% in the third quarter. Raymond James Trust N.A. now owns 5,325 shares of the utilities provider’s stock valued at $219,000 after buying an additional 621 shares during the last quarter. 70.91% of the stock is owned by institutional investors and hedge funds.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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