Xcel Energy Inc. (NYSE:XEL) is scheduled to post its quarterly earnings results before the market opens on Thursday, July 27th. Xcel Energy has set its FY17 guidance at $2.25-2.35 EPS.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, April 27th. The utilities provider reported $0.47 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.50 by $0.03. Xcel Energy had a net margin of 9.94% and a return on equity of 10.24%. The firm had revenue of $2.95 billion during the quarter, compared to the consensus estimate of $2.94 billion. During the same quarter in the prior year, the firm posted $0.47 earnings per share. The company’s revenue was up 6.3% on a year-over-year basis. On average, analysts expect Xcel Energy to post $2.20 EPS for the current fiscal year and $2.46 EPS for the next fiscal year.
Shares of Xcel Energy Inc. (NYSE XEL) opened at 46.62 on Thursday. The company has a market capitalization of $23.67 billion, a PE ratio of 21.15 and a beta of 0.19. Xcel Energy Inc. has a 52 week low of $38.00 and a 52 week high of $48.50. The company has a 50-day moving average price of $46.84 and a 200-day moving average price of $44.36.
The company also recently announced a quarterly dividend, which will be paid on Thursday, July 20th. Shareholders of record on Thursday, June 15th will be given a $0.36 dividend. The ex-dividend date is Tuesday, June 13th. This represents a $1.44 annualized dividend and a yield of 3.09%. Xcel Energy’s payout ratio is 65.16%.
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XEL has been the topic of several research reports. Mizuho initiated coverage on Xcel Energy in a research report on Wednesday, April 19th. They issued a “neutral” rating and a $44.00 target price on the stock. Deutsche Bank AG raised their price objective on Xcel Energy from $45.00 to $46.00 and gave the stock a “hold” rating in a research note on Friday, April 28th. Zacks Investment Research raised Xcel Energy from a “hold” rating to a “buy” rating and set a $50.00 price objective on the stock in a research note on Tuesday, April 4th. Jefferies Group LLC raised their price objective on Xcel Energy from $44.00 to $46.00 and gave the stock a “hold” rating in a research note on Thursday, March 23rd. Finally, Argus raised their price objective on Xcel Energy from $50.00 to $53.00 and gave the stock a “buy” rating in a research note on Wednesday, June 14th. Nine investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. Xcel Energy has a consensus rating of “Hold” and an average price target of $46.70.
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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