Xcel Energy Inc. (NYSE:XEL) issued its quarterly earnings results on Thursday, October 26th. The utilities provider reported $0.97 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.92 by $0.05, Bloomberg Earnings reports. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The business had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. During the same period in the prior year, the firm posted $0.90 earnings per share. The business’s quarterly revenue was down .8% on a year-over-year basis. Xcel Energy updated its FY17 guidance to $2.27-2.32 EPS and its FY18 guidance to $2.37-2.47 EPS.
Shares of Xcel Energy (NYSE XEL) traded down $0.31 during trading hours on Friday, hitting $50.20. 3,296,400 shares of the company’s stock were exchanged, compared to its average volume of 2,586,366. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.27. Xcel Energy has a 52 week low of $38.20 and a 52 week high of $50.57. The firm has a market capitalization of $25,647.10, a PE ratio of 21.58, a price-to-earnings-growth ratio of 4.00 and a beta of 0.21.
The firm also recently announced a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were issued a dividend of $0.36 per share. The ex-dividend date was Thursday, September 14th. This represents a $1.44 dividend on an annualized basis and a dividend yield of 2.87%. Xcel Energy’s dividend payout ratio (DPR) is 61.54%.
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A number of research firms have commented on XEL. ValuEngine upgraded shares of Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday. SunTrust Banks, Inc. reaffirmed a “hold” rating and set a $47.00 price objective on shares of Xcel Energy in a research report on Tuesday, October 24th. Bank of America Corporation started coverage on shares of Xcel Energy in a research report on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective for the company. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Friday, October 13th. Finally, J P Morgan Chase & Co raised their price target on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. Nine equities research analysts have rated the stock with a hold rating, four have assigned a buy rating and one has issued a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $48.91.
In other news, Director Timothy V. Wolf sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $49.48, for a total transaction of $148,440.00. Following the completion of the transaction, the director now owns 3,700 shares in the company, valued at approximately $183,076. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the firm’s stock in a transaction dated Monday, November 6th. The stock was sold at an average price of $49.66, for a total transaction of $1,002,486.42. Following the completion of the transaction, the insider now owns 48,424 shares of the company’s stock, valued at $2,404,735.84. The disclosure for this sale can be found here. 0.22% of the stock is owned by company insiders.
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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