Xcel Energy Inc. (XEL) Expected to Post Q3 2016 Earnings of $0.86 Per Share
Xcel Energy Inc. (NYSE:XEL) – Analysts at KeyCorp issued their Q3 2016 earnings estimates for shares of Xcel Energy in a note issued to investors on Monday. KeyCorp analyst P. Ridzon anticipates that the firm will post earnings per share of $0.86 for the quarter.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing analysts’ consensus estimates of $0.40 by $0.01. The business earned $2.50 billion during the quarter, compared to the consensus estimate of $2.52 billion. Xcel Energy had a return on equity of 10.10% and a net margin of 9.92%. The business’s revenue was down .6% on a year-over-year basis. During the same period last year, the company earned $0.39 EPS.
A number of other equities analysts have also issued reports on XEL. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $44.00 target price for the company in a research note on Wednesday, October 12th. Argus restated a “buy” rating and issued a $48.00 target price on shares of Xcel Energy in a research note on Monday, September 26th. SunTrust Banks Inc. raised their target price on Xcel Energy from $41.00 to $42.00 and gave the stock a “neutral” rating in a research note on Monday, September 26th. JPMorgan Chase & Co. set a $49.00 target price on Xcel Energy and gave the stock a “buy” rating in a research note on Thursday, September 8th. Finally, Jefferies Group raised their target price on Xcel Energy from $42.00 to $45.00 and gave the stock a “hold” rating in a research note on Thursday, August 4th. Five analysts have rated the stock with a hold rating and four have assigned a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of C$43.25.
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Xcel Energy (NYSE:XEL) traded down 0.69% during trading on Wednesday, hitting $40.26. The stock had a trading volume of 1,009,288 shares. Xcel Energy has a 52-week low of $34.33 and a 52-week high of $45.42. The company has a market cap of $20.45 billion, a price-to-earnings ratio of 19.09 and a beta of 0.13. The firm’s 50-day moving average price is $41.14 and its 200-day moving average price is $41.89.
The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be given a dividend of $0.34 per share. This represents a $1.36 dividend on an annualized basis and a dividend yield of 3.35%. The ex-dividend date is Tuesday, September 13th. Xcel Energy’s dividend payout ratio (DPR) is presently 64.46%.
In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the firm’s stock in a transaction dated Friday, August 26th. The stock was sold at an average price of C$41.66, for a total transaction of C$495,754.00. Following the sale, the executive vice president now directly owns 79,404 shares in the company, valued at approximately C$3,307,970.64. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.20% of the company’s stock.
Several large investors have recently bought and sold shares of the stock. NN Investment Partners Holdings N.V. purchased a new stake in Xcel Energy during the first quarter valued at about $1,371,000. M&T Bank Corp boosted its stake in Xcel Energy by 12.9% in the first quarter. M&T Bank Corp now owns 69,645 shares of the company’s stock valued at $2,913,000 after buying an additional 7,944 shares during the last quarter. Canada Pension Plan Investment Board boosted its stake in Xcel Energy by 149.6% in the first quarter. Canada Pension Plan Investment Board now owns 530,580 shares of the company’s stock valued at $22,189,000 after buying an additional 318,000 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. purchased a new stake in Xcel Energy during the first quarter valued at about $1,038,000. Finally, State Street Corp boosted its stake in Xcel Energy by 7.4% in the first quarter. State Street Corp now owns 25,730,566 shares of the company’s stock valued at $1,076,045,000 after buying an additional 1,768,675 shares during the last quarter. Hedge funds and other institutional investors own 70.93% of the company’s stock.
About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include activity of four utility subsidiaries that serve electric and natural gas customers. Its segments are regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico.
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