Xcel Energy Inc. (XEL) Set to Announce Earnings on Thursday
Xcel Energy Inc. (NYSE:XEL) is scheduled to be posting its quarterly earnings results before the market opens on Thursday, July 27th. Xcel Energy has set its FY17 guidance at $2.25-2.35 EPS.
Xcel Energy (NYSE:XEL) last posted its quarterly earnings results on Thursday, April 27th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.50 by $0.03. Xcel Energy had a return on equity of 10.24% and a net margin of 9.94%. The firm had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.94 billion. During the same period last year, the company posted $0.47 earnings per share. The business’s revenue was up 6.3% compared to the same quarter last year. On average, analysts expect Xcel Energy to post $2.20 EPS for the current fiscal year and $2.46 EPS for the next fiscal year.
Shares of Xcel Energy Inc. (NYSE:XEL) opened at 46.62 on Thursday. Xcel Energy Inc. has a 52-week low of $38.00 and a 52-week high of $48.50. The firm’s 50-day moving average is $46.84 and its 200 day moving average is $44.36. The company has a market capitalization of $23.67 billion, a price-to-earnings ratio of 21.15 and a beta of 0.19.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th will be issued a dividend of $0.36 per share. This represents a $1.44 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date is Tuesday, June 13th. Xcel Energy’s dividend payout ratio is 65.16%.
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A number of equities analysts have issued reports on XEL shares. Jefferies Group LLC lifted their price objective on shares of Xcel Energy from $44.00 to $46.00 and gave the stock a “hold” rating in a report on Thursday, March 23rd. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a report on Tuesday, April 4th. Deutsche Bank AG lifted their price objective on shares of Xcel Energy from $44.00 to $45.00 and gave the stock a “hold” rating in a report on Tuesday, April 11th. Mizuho started coverage on shares of Xcel Energy in a report on Wednesday, April 19th. They set a “neutral” rating and a $44.00 price objective on the stock. Finally, Barclays PLC reaffirmed an “equal weight” rating and set a $47.00 price objective (up from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Nine research analysts have rated the stock with a hold rating and two have issued a buy rating to the company. The stock has an average rating of “Hold” and an average target price of $46.70.
About Xcel Energy
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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