Xcel Energy Inc. (XEL) Releases FY18 Earnings Guidance

Xcel Energy Inc. (NYSE:XEL) updated its FY18 earnings guidance on Thursday. The company provided earnings per share (EPS) guidance of $2.37-2.47 for the period, compared to the Thomson Reuters consensus estimate of $2.46. Xcel Energy also updated its FY17 guidance to $2.27-2.32 EPS.

A number of equities research analysts have recently weighed in on the stock. SunTrust Banks, Inc. restated a hold rating and issued a $47.00 price target on shares of Xcel Energy in a research note on Tuesday, October 24th. Morgan Stanley lifted their target price on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an equal weight rating in a research report on Friday, September 8th. BMO Capital Markets lifted their target price on shares of Xcel Energy from $46.00 to $47.00 and gave the stock a market perform rating in a research report on Friday, July 28th. J P Morgan Chase & Co lifted their target price on shares of Xcel Energy from $51.00 to $53.00 and gave the stock an overweight rating in a research report on Thursday, October 12th. Finally, BidaskClub upgraded shares of Xcel Energy from a buy rating to a strong-buy rating in a research report on Wednesday, August 23rd. Nine investment analysts have rated the stock with a hold rating, four have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. Xcel Energy has a consensus rating of Hold and a consensus target price of $48.91.

Shares of Xcel Energy Inc. (NYSE:XEL) opened at $50.20 on Friday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. Xcel Energy Inc. has a one year low of $38.20 and a one year high of $50.57. The company has a market cap of $25,647.10, a price-to-earnings ratio of 21.58, a price-to-earnings-growth ratio of 4.00 and a beta of 0.21.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.92 by $0.05. The business had revenue of $3.02 billion for the quarter, compared to analyst estimates of $3.27 billion. Xcel Energy had a return on equity of 10.63% and a net margin of 10.40%. The company’s revenue was down .8% on a year-over-year basis. During the same period in the prior year, the company earned $0.90 earnings per share. equities research analysts forecast that Xcel Energy Inc. will post 2.31 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, October 20th. Shareholders of record on Friday, September 15th were given 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 yield of 2.87%. Xcel Energy’s dividend payout ratio is currently 61.54%.

In other news, Director Daniel Yohannes bought 1,000 shares of the firm’s stock in a transaction dated Tuesday, September 5th. The shares were acquired at an average price of $49.53 per share, for a total transaction of $49,530.00. Following the completion of the transaction, the director now directly owns 1,000 shares in the company, valued at approximately $49,530. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Mark E. Stoering sold 20,187 shares of the firm’s stock in a transaction that occurred on Monday, November 6th. The shares were sold at an average price of $49.66, for a total value of $1,002,486.42. Following the completion of the transaction, the insider now owns 48,424 shares in the company, valued at approximately $2,404,735.84. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

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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.

Earnings History and Estimates for Xcel Energy (NYSE:XEL)

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