Analysts Set Expectations for Xcel Energy Inc.’s FY2017 Earnings (XEL)
Xcel Energy Inc. (NYSE:XEL) – Equities researchers at SunTrust Banks decreased their FY2017 earnings per share estimates for Xcel Energy in a note issued to investors on Thursday. SunTrust Banks analyst A. Agha now expects that the utilities provider will post earnings per share of $2.31 for the year, down from their prior forecast of $2.33. SunTrust Banks has a “Hold” rating and a $47.00 price objective on the stock. SunTrust Banks also issued estimates for Xcel Energy’s Q3 2018 earnings at $1.02 EPS, Q4 2018 earnings at $0.43 EPS, FY2018 earnings at $2.43 EPS, Q2 2019 earnings at $0.50 EPS, Q3 2019 earnings at $1.08 EPS and FY2019 earnings at $2.57 EPS.
XEL has been the topic of several other reports. Morgan Stanley upped their target price on shares of Xcel Energy from $46.00 to $48.00 and gave the company an “equal weight” rating in a research report on Friday, September 8th. BMO Capital Markets upped their target price on shares of Xcel Energy from $46.00 to $47.00 and gave the company a “market perform” rating in a research report on Friday, July 28th. J P Morgan Chase & Co upped their target price on shares of Xcel Energy from $51.00 to $53.00 and gave the company an “overweight” rating in a research report on Thursday, October 12th. BidaskClub cut shares of Xcel Energy from a “buy” rating to a “hold” rating in a research report on Thursday, July 6th. Finally, Zacks Investment Research cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Tuesday, September 26th. Nine research analysts have rated the stock with a hold rating, three have assigned a buy rating and one has given a strong buy rating to the company’s stock. Xcel Energy has a consensus rating of “Hold” and an average target price of $48.91.
Xcel Energy (XEL) opened at 49.21 on Monday. The stock has a 50 day moving average price of $48.46 and a 200 day moving average price of $47.32. The stock has a market cap of $24.99 billion, a P/E ratio of 21.73 and a beta of 0.19. Xcel Energy has a 12-month low of $38.00 and a 12-month high of $50.56.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, October 26th. The utilities provider reported $0.97 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.92 by $0.05. The firm had revenue of $3.02 billion for the quarter, compared to the consensus estimate of $3.27 billion. Xcel Energy had a return on equity of 10.71% and a net margin of 10.40%. The company’s quarterly revenue was down .8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.90 earnings per share.
Several large investors have recently modified their holdings of the company. Victory Capital Management Inc. increased its position in shares of Xcel Energy by 0.5% during the third quarter. Victory Capital Management Inc. now owns 3,312,276 shares of the utilities provider’s stock worth $156,737,000 after acquiring an additional 15,085 shares during the period. Crossmark Global Holdings Inc. purchased a new position in shares of Xcel Energy during the third quarter worth approximately $2,348,000. Raymond James Financial Services Advisors Inc. increased its position in shares of Xcel Energy by 4.3% during the third quarter. Raymond James Financial Services Advisors Inc. now owns 116,498 shares of the utilities provider’s stock worth $5,513,000 after acquiring an additional 4,785 shares during the period. First Quadrant L P CA increased its position in shares of Xcel Energy by 0.3% during the third quarter. First Quadrant L P CA now owns 622,285 shares of the utilities provider’s stock worth $29,447,000 after acquiring an additional 1,816 shares during the period. Finally, Aperio Group LLC increased its position in shares of Xcel Energy by 7.3% during the third quarter. Aperio Group LLC now owns 319,934 shares of the utilities provider’s stock worth $15,139,000 after acquiring an additional 21,886 shares during the period. 72.51% of the stock is currently owned by institutional investors and hedge funds.
In other news, Director Daniel Yohannes acquired 1,000 shares of Xcel Energy stock in a transaction that occurred on Tuesday, September 5th. The shares were bought at an average cost of $49.53 per share, with a total value of $49,530.00. Following the transaction, the director now directly owns 1,000 shares of the company’s stock, valued at approximately $49,530. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 0.22% of the company’s stock.
The company also recently disclosed a quarterly dividend, which was paid on Friday, October 20th. Investors of record on Friday, September 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, September 14th. Xcel Energy’s dividend payout ratio (DPR) is currently 61.54%.
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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