Xcel Energy Inc. (XEL) Scheduled to Post Earnings on Thursday
Xcel Energy Inc. (NYSE:XEL) is scheduled to be releasing its earnings data before the market opens on Thursday, October 26th. Analysts expect Xcel Energy to post earnings of $0.94 per share for the quarter. Xcel Energy has set its FY17 guidance at $2.25-2.35 EPS.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.43 by $0.02. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.63 billion. Xcel Energy had a return on equity of 10.42% and a net margin of 10.08%. The business’s revenue was up 5.8% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. On average, analysts expect Xcel Energy to post $2.20 EPS for the current fiscal year and $2.45 EPS for the next fiscal year.
Xcel Energy Inc. (NYSE XEL) opened at 48.73 on Thursday. The company has a market capitalization of $24.74 billion, a P/E ratio of 21.51 and a beta of 0.19. Xcel Energy Inc. has a 1-year low of $38.00 and a 1-year high of $50.56. The firm has a 50-day moving average price of $48.49 and a 200-day moving average price of $47.10.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, October 20th. Stockholders of record on Friday, September 15th will be paid a $0.36 dividend. This represents a $1.44 annualized dividend and a dividend yield of 2.96%. The ex-dividend date is Thursday, September 14th. Xcel Energy’s dividend payout ratio (DPR) is presently 63.44%.
XEL has been the subject of several analyst reports. BidaskClub raised Xcel Energy from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Morgan Stanley increased their price target on Xcel Energy from $45.00 to $46.00 and gave the company an “equal weight” rating in a research report on Thursday, August 10th. Jefferies Group LLC reaffirmed a “hold” rating and set a $50.00 price target on shares of Xcel Energy in a research report on Thursday, August 31st. Royal Bank Of Canada reaffirmed a “hold” rating and set a $48.00 price target on shares of Xcel Energy in a research report on Tuesday, October 10th. Finally, Mizuho reaffirmed a “hold” rating and set a $46.00 price target on shares of Xcel Energy in a research report on Friday, September 29th. Eight analysts have rated the stock with a hold rating, two have given a buy rating and one has assigned a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.67.
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In other Xcel Energy news, EVP Kent T. Larson sold 10,000 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $47.25, for a total transaction of $472,500.00. Following the completion of the transaction, the executive vice president now directly owns 80,221 shares of the company’s stock, valued at $3,790,442.25. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Daniel Yohannes acquired 1,000 shares of Xcel Energy stock in a transaction on Tuesday, September 5th. The shares were purchased at an average cost of $49.53 per share, with a total value of $49,530.00. Following the completion of the acquisition, the director now owns 1,000 shares of the company’s stock, valued at approximately $49,530. The disclosure for this purchase can be found here. Company insiders own 0.22% of the company’s stock.
Xcel Energy Company Profile
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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