Xcel Energy Inc (XEL) Issues FY14 Earnings Guidance
Xcel Energy Inc (NYSE:XEL) updated its FY14 earnings guidance on Thursday. The company provided earnings per share guidance of $1.90-2.05 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.01, American Banking and Market News reports.
On a related note, analysts at Jefferies Group reiterated a buy rating on shares of Xcel Energy in a research note on Friday, August 1st. They now have a $34.50 price target on the stock, down previously from $36.00. Two investment analysts have rated the stock with a sell rating and one has assigned a buy rating to the company’s stock. Xcel Energy currently has a consensus rating of Hold and a consensus target price of $31.30.
Xcel Energy Inc (NYSE:XEL) traded down 0.38% during mid-day trading on Thursday, hitting $31.8101. 324,120 shares of the company’s stock traded hands. Xcel Energy Inc has a 52 week low of $26.90 and a 52 week high of $32.37. The stock’s 50-day moving average is $31.22 and its 200-day moving average is $30.88. The company has a market cap of $16.076 billion and a P/E ratio of 16.47.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, July 31st. The company reported $0.39 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.41 by $0.02. The company had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.64 billion. During the same quarter in the previous year, the company posted $0.40 earnings per share. The company’s revenue for the quarter was up 4.1% on a year-over-year basis. On average, analysts predict that Xcel Energy Inc will post $2.01 earnings per share for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Monday, October 20th. Stockholders of record on Thursday, September 18th will be given a dividend of $0.30 per share. This represents a $1.20 dividend on an annualized basis and a yield of 3.76%. The ex-dividend date of this dividend is Tuesday, September 16th.
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.
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