Brokers Set Expectations for Xcel Energy Inc.’s Q2 2017 Earnings (NYSE:XEL)
Xcel Energy Inc. (NYSE:XEL) – Investment analysts at KeyCorp lifted their Q2 2017 EPS estimates for shares of Xcel Energy in a report issued on Monday. KeyCorp analyst P. Ridzon now anticipates that the utilities provider will post earnings of $0.42 per share for the quarter, up from their previous estimate of $0.40. KeyCorp also issued estimates for Xcel Energy’s FY2018 earnings at $2.45 EPS.
XEL has been the subject of a number of other reports. Zacks Investment Research cut Xcel Energy from a “hold” rating to a “sell” rating in a report on Wednesday, April 12th. Deutsche Bank AG boosted their price target on Xcel Energy from $45.00 to $46.00 and gave the stock a “hold” rating in a report on Friday, April 28th. Jefferies Group LLC reissued a “hold” rating and issued a $46.00 price target on shares of Xcel Energy in a report on Thursday, April 27th. Barclays PLC reissued an “equal weight” rating and issued a $47.00 price target (up from $44.00) on shares of Xcel Energy in a report on Sunday, April 23rd. Finally, BidaskClub cut Xcel Energy from a “buy” rating to a “hold” rating in a report on Thursday, July 6th. Nine equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. Xcel Energy currently has a consensus rating of “Hold” and a consensus price target of $46.70.
Shares of Xcel Energy (XEL) opened at 47.66 on Wednesday. Xcel Energy has a 52 week low of $38.00 and a 52 week high of $48.50. The stock’s 50 day moving average price is $46.72 and its 200-day moving average price is $44.56. The stock has a market cap of $24.20 billion, a price-to-earnings ratio of 21.62 and a beta of 0.19.
Xcel Energy (NYSE:XEL) last posted its earnings results on Thursday, July 27th. The utilities provider reported $0.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.43 by $0.02. Xcel Energy had a return on equity of 10.24% and a net margin of 9.94%. The company had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.63 billion. During the same quarter in the previous year, the firm earned $0.39 earnings per share. The firm’s quarterly revenue was up 5.8% compared to the same quarter last year.
Several large investors have recently made changes to their positions in XEL. Carroll Financial Associates Inc. increased its stake in Xcel Energy by 14.5% in the second quarter. Carroll Financial Associates Inc. now owns 2,365 shares of the utilities provider’s stock worth $108,000 after buying an additional 300 shares during the period. Founders Capital Management purchased a new stake in Xcel Energy during the first quarter worth about $124,000. Reilly Financial Advisors LLC increased its stake in Xcel Energy by 5.8% in the first quarter. Reilly Financial Advisors LLC now owns 2,901 shares of the utilities provider’s stock worth $129,000 after buying an additional 160 shares during the period. Sharkey Howes & Javer increased its stake in Xcel Energy by 0.5% in the first quarter. Sharkey Howes & Javer now owns 2,994 shares of the utilities provider’s stock worth $133,000 after buying an additional 16 shares during the period. Finally, Independent Portfolio Consultants Inc. increased its stake in Xcel Energy by 89.9% in the second quarter. Independent Portfolio Consultants Inc. now owns 3,134 shares of the utilities provider’s stock worth $144,000 after buying an additional 1,484 shares during the period. 72.07% of the stock is owned by institutional investors and hedge funds.
The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 20th. Stockholders of record on Thursday, June 15th were given a $0.36 dividend. This represents a $1.44 dividend on an annualized basis and a dividend yield of 3.02%. The ex-dividend date of this dividend was Tuesday, June 13th. Xcel Energy’s dividend payout ratio is currently 65.16%.
Xcel Energy Company Profile
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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