Xcel Energy (NYSE:XEL) released its quarterly earnings data on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01), Bloomberg Earnings reports. The firm had revenue of $2.80 billion during the quarter, compared to analyst estimates of $2.84 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The business’s quarterly revenue was up .0% compared to the same quarter last year. During the same period in the prior year, the company earned $0.45 EPS. Xcel Energy updated its FY18 guidance to $2.37-2.47 EPS.
Shares of Xcel Energy (XEL) traded up $0.20 on Wednesday, reaching $43.96. The company had a trading volume of 3,409,800 shares, compared to its average volume of 3,581,768. Xcel Energy has a 52 week low of $41.16 and a 52 week high of $52.22. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27. The stock has a market cap of $22,011.52, a price-to-earnings ratio of 19.45, a P/E/G ratio of 3.18 and a beta of 0.12.
The company also recently disclosed a quarterly dividend, which was paid on Saturday, January 20th. Investors of record on Thursday, December 28th were issued a $0.36 dividend. This represents a $1.44 annualized dividend and a yield of 3.28%. The ex-dividend date was Wednesday, December 27th. Xcel Energy’s dividend payout ratio (DPR) is currently 63.72%.
A number of research firms have weighed in on XEL. Zacks Investment Research downgraded shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, December 12th. SunTrust Banks restated a “hold” rating and set a $48.00 price target on shares of Xcel Energy in a report on Monday, December 4th. Morgan Stanley increased their price target on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Bank of America started coverage on Xcel Energy in a research note on Tuesday, October 24th. They set a “buy” rating and a $53.00 price objective on the stock. Nine research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Hold” and a consensus price target of $48.00.
In other Xcel Energy news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the firm’s stock in a transaction dated Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the transaction, the executive vice president now owns 81,371 shares in the company, valued at approximately $4,155,616.97. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.22% of the stock is owned by company insiders.
Several institutional investors and hedge funds have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Xcel Energy by 1.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,059,594 shares of the utilities provider’s stock worth $48,615,000 after buying an additional 12,289 shares during the last quarter. Stifel Financial Corp lifted its position in Xcel Energy by 4.2% in the 2nd quarter. Stifel Financial Corp now owns 80,225 shares of the utilities provider’s stock worth $3,691,000 after buying an additional 3,254 shares during the last quarter. Janus Henderson Group PLC lifted its position in Xcel Energy by 3,077.7% in the 2nd quarter. Janus Henderson Group PLC now owns 2,269,284 shares of the utilities provider’s stock worth $104,115,000 after buying an additional 2,197,872 shares during the last quarter. Sciencast Management LP bought a new stake in Xcel Energy in the 2nd quarter worth approximately $243,000. Finally, Cubist Systematic Strategies LLC lifted its position in Xcel Energy by 22.5% in the 2nd quarter. Cubist Systematic Strategies LLC now owns 26,459 shares of the utilities provider’s stock worth $1,214,000 after buying an additional 4,863 shares during the last quarter. Hedge funds and other institutional investors own 73.96% 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.
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