Xcel Energy Inc (XEL) Forecasted to Post FY2018 Earnings of $2.47 Per Share
Xcel Energy Inc (NYSE:XEL) – Equities research analysts at SunTrust Banks lifted their FY2018 earnings per share estimates for shares of Xcel Energy in a research report issued on Thursday, October 25th. SunTrust Banks analyst A. Agha now anticipates that the utilities provider will post earnings per share of $2.47 for the year, up from their prior forecast of $2.46. SunTrust Banks also issued estimates for Xcel Energy’s Q1 2019 earnings at $0.60 EPS, Q2 2019 earnings at $0.55 EPS, Q3 2019 earnings at $1.01 EPS, Q4 2019 earnings at $0.44 EPS, FY2019 earnings at $2.60 EPS, Q1 2020 earnings at $0.63 EPS, Q2 2020 earnings at $0.58 EPS, Q3 2020 earnings at $1.07 EPS and FY2020 earnings at $2.75 EPS.
Several other equities research analysts have also commented on XEL. Zacks Investment Research upgraded shares of Xcel Energy from a “sell” rating to a “hold” rating in a research report on Monday, July 16th. Morgan Stanley boosted their target price on shares of Xcel Energy from $46.00 to $49.00 and gave the stock an “overweight” rating in a research report on Monday, July 16th. Finally, Barclays assumed coverage on shares of Xcel Energy in a research report on Tuesday, July 10th. They set an “overweight” rating and a $53.00 target price on the stock. Five investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $48.22.
Xcel Energy (NYSE:XEL) last issued its earnings results on Thursday, October 25th. The utilities provider reported $0.96 EPS for the quarter, missing the consensus estimate of $0.98 by ($0.02). The company had revenue of $3.05 billion for the quarter, compared to analysts’ expectations of $3.08 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%.
Large investors have recently added to or reduced their stakes in the company. Cerebellum GP LLC raised its stake in shares of Xcel Energy by 117.8% during the 3rd quarter. Cerebellum GP LLC now owns 2,629 shares of the utilities provider’s stock worth $124,000 after buying an additional 1,422 shares during the last quarter. TRUE Private Wealth Advisors acquired a new position in Xcel Energy in the 3rd quarter valued at about $127,000. Whittier Trust Co. of Nevada Inc. raised its stake in Xcel Energy by 105.3% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 4,774 shares of the utilities provider’s stock valued at $154,000 after purchasing an additional 2,449 shares during the last quarter. Peoples Financial Services CORP. acquired a new position in Xcel Energy in the 3rd quarter valued at about $160,000. Finally, Centaurus Financial Inc. acquired a new position in Xcel Energy in the 2nd quarter valued at about $166,000. 73.96% of the stock is owned by institutional investors and hedge funds.
In other news, Director Lynn Casey purchased 1,000 shares of the business’s stock in a transaction dated Wednesday, September 5th. The stock was acquired at an average price of $48.89 per share, with a total value of $48,890.00. Following the purchase, the director now directly owns 3,131 shares of the company’s stock, valued at approximately $153,074.59. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Judy M. Poferl sold 7,182 shares of Xcel Energy stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.67, for a total value of $349,547.94. Following the transaction, the senior vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The disclosure for this sale can be found here. Insiders own 0.22% of the company’s stock.
The company also recently declared a quarterly dividend, which was paid on Saturday, October 20th. Stockholders of record on Friday, September 14th were paid a dividend of $0.38 per share. This represents a $1.52 annualized dividend and a dividend yield of 3.13%. The ex-dividend date of this dividend was Thursday, September 13th.
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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