Xcel Energy (NYSE:XEL) will be posting its quarterly earnings results before the market opens on Thursday, October 24th. Analysts expect Xcel Energy to post earnings of $1.05 per share for the quarter. Xcel Energy has set its FY 2019 guidance at $2.55-2.65 EPS and its FY19 guidance at $2.55-2.65 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.
Xcel Energy (NYSE:XEL) last released its quarterly earnings data on Thursday, August 1st. The utilities provider reported $0.46 EPS for the quarter, missing the Zacks’ consensus estimate of $0.53 by ($0.07). The business had revenue of $2.58 billion for the quarter, compared to the consensus estimate of $2.84 billion. The company’s revenue was down 3.0% compared to the same quarter last year. During the same period last year, the firm posted $0.52 EPS.
XEL stock opened at $64.21 on Wednesday. Xcel Energy has a 12 month low of $47.44 and a 12 month high of $66.05. The firm has a 50-day moving average of $64.15 and a two-hundred day moving average of $60.44.
The firm also recently disclosed a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, September 13th were issued a $0.405 dividend. The ex-dividend date was Thursday, September 12th. This represents a $1.62 dividend on an annualized basis and a yield of 2.52%.
XEL has been the subject of several analyst reports. SunTrust Banks set a $63.00 price target on shares of Xcel Energy and gave the company a “hold” rating in a research note on Tuesday, September 3rd. Mizuho increased their price target on shares of Xcel Energy from $50.00 to $64.00 and gave the company a “neutral” rating in a research note on Thursday, October 10th. Zacks Investment Research raised shares of Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 price target for the company in a research note on Monday, August 26th. KeyCorp increased their price target on shares of Xcel Energy from $67.00 to $73.00 and gave the company an “overweight” rating in a research note on Monday. Finally, Barclays cut shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price target for the company. in a research note on Tuesday, August 13th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have issued a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $64.20.
In related news, insider Christopher B. Clark sold 2,000 shares of the stock in a transaction that occurred on Friday, August 30th. The shares were sold at an average price of $64.25, for a total transaction of $128,500.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Scott M. Wilensky sold 15,000 shares of the stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $61.71, for a total transaction of $925,650.00. The disclosure for this sale can be found here. In the last three months, insiders sold 49,382 shares of company stock valued at $3,133,045. Corporate insiders own 0.22% of the company’s stock.
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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