The Xcel Energy Inc. (XEL) Releases FY17 Earnings Guidance

The Xcel Energy Inc. (XEL) Releases FY17 Earnings Guidance

Xcel Energy Inc. (NYSE:XEL) updated its FY17 earnings guidance on Thursday. The company provided earnings per share guidance of $2.25-2.35 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.32.

Several brokerages have recently issued reports on XEL. Jefferies Group raised their price target on shares of Xcel Energy from $42.00 to $45.00 and gave the stock a hold rating in a research note on Thursday, August 4th. Zacks Investment Research upgraded shares of Xcel Energy from a sell rating to a hold rating in a research note on Thursday, September 1st. SunTrust Banks Inc. raised their price target on shares of 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 price target on shares of Xcel Energy and gave the stock a buy rating in a research note on Thursday, September 8th. Finally, Argus restated a buy rating and set a $48.00 price target on shares of Xcel Energy in a research note on Monday, September 26th. Six analysts have rated the stock with a hold rating and three have given a buy rating to the company’s stock. Xcel Energy has an average rating of Hold and an average target price of C$43.25.

Xcel Energy Inc. (NYSE:XEL) opened at 40.68 on Monday. The company has a market capitalization of $20.66 billion, a P/E ratio of 19.29 and a beta of 0.13. The firm has a 50-day moving average of $40.84 and a 200 day moving average of $41.84. Xcel Energy Inc. has a one year low of $34.33 and a one year high of $45.42.

Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, October 27th. The company reported $0.90 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.87 by $0.03. The firm had revenue of $3.04 billion for the quarter, compared to the consensus estimate of $3.33 billion. Xcel Energy had a net margin of 10.08% and a return on equity of 10.37%. The business’s revenue was up 4.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.84 earnings per share. On average, equities analysts forecast that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th were paid a $0.34 dividend. The ex-dividend date of this dividend was Tuesday, September 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.34%. Xcel Energy’s dividend payout ratio is presently 62.67%.

In other news, EVP Marvin E. Jr. Mcdaniel sold 11,900 shares of the company’s stock in a transaction that occurred on Friday, August 26th. The shares were sold at an average price of C$41.66, for a total value of C$495,754.00. Following the transaction, the executive vice president now owns 79,404 shares in the company, valued at C$3,307,970.64. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.20% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in XEL. Ameritas Investment Partners Inc. boosted its position in Xcel Energy by 4.7% in the second quarter. Ameritas Investment Partners Inc. now owns 10,042 shares of the company’s stock valued at $450,000 after buying an additional 449 shares during the last quarter. Advantus Capital Management Inc boosted its position in Xcel Energy by 1.0% in the second quarter. Advantus Capital Management Inc now owns 49,307 shares of the company’s stock valued at $2,208,000 after buying an additional 477 shares during the last quarter. Reliance Trust Co. of Delaware boosted its position in Xcel Energy by 8.9% in the second quarter. Reliance Trust Co. of Delaware now owns 7,592 shares of the company’s stock valued at $340,000 after buying an additional 621 shares during the last quarter. Bank of Nova Scotia boosted its position in Xcel Energy by 6.6% in the second quarter. Bank of Nova Scotia now owns 10,120 shares of the company’s stock valued at $453,000 after buying an additional 630 shares during the last quarter. Finally, Comerica Bank boosted its position in Xcel Energy by 0.4% in the second quarter. Comerica Bank now owns 173,933 shares of the company’s stock valued at $7,419,000 after buying an additional 709 shares during the last quarter. 70.93% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy Company Profile

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