Xcel Energy Inc. (XEL) Issues FY14 Earnings Guidance
Xcel Energy Inc. (NYSE:XEL) issued an update on its FY14 earnings guidance on Thursday morning. The company provided EPS guidance of $1.90-2.05 for the period, compared to the Thomson Reuters consensus EPS estimate of $1.99, ARN reports.
Shares of Xcel Energy Inc. (NYSE:XEL) traded down 0.67% during mid-day trading on Thursday, hitting $28.875. The stock had a trading volume of 646,500 shares. Xcel Energy Inc. has a one year low of $25.84 and a one year high of $31.79. The stock’s 50-day moving average is $28.51 and its 200-day moving average is $29.29. The company has a market cap of $14.367 billion and a price-to-earnings ratio of 14.70.
Xcel Energy (NYSE:XEL) last announced its earnings results on Thursday, October 24th. The company reported $0.77 earnings per share for the quarter, beating the analysts’ consensus estimate of $0.75 by $0.02. The company had revenue of $2.82 billion for the quarter, compared to the consensus estimate of $2.98 billion. During the same quarter in the prior year, the company posted $0.81 earnings per share. The company’s quarterly revenue was up 3.6% on a year-over-year basis. Analysts expect that Xcel Energy Inc. will post $1.91 EPS for the current fiscal year.
A number of research firms have recently commented on XEL. Analysts at Zacks reiterated a neutral rating on shares of Xcel Energy in a research note to investors on Wednesday, September 11th. They now have a $29.00 price target on the stock. On a related note, analysts at Jefferies Group upgraded shares of Xcel Energy from a hold rating to a buy rating in a research note to investors on Wednesday, September 11th. They now have a $31.00 price target on the stock, down previously from $32.50. Finally, analysts at JPMorgan Chase & Co. downgraded shares of Xcel Energy from a neutral rating to an underweight rating in a research note to investors on Tuesday, August 20th. They now have a $27.00 price target on the stock. One analyst has rated the stock with a sell rating, eight have given a hold rating and three have assigned a buy rating to the company. The company currently has a consensus rating of Hold and an average price target of $31.00.
Xcel Energy Inc is a holding company with subsidiaries engaged primarily in the utility business. During the year ended December 31, 2012, the Company’s operations included the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states.