Xcel Energy (XEL) Posts Earnings Results, Beats Estimates By $0.06 EPS

Xcel Energy (NYSE:XEL) posted its quarterly earnings data on Thursday. The utilities provider reported $0.57 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.51 by $0.06, MarketWatch Earnings reports. The company had revenue of $2.95 billion for the quarter, compared to the consensus estimate of $2.98 billion. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm’s revenue was up .2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.47 earnings per share. Xcel Energy updated its FY18 guidance to $2.37-2.47 EPS.

NYSE XEL traded up $0.71 on Thursday, reaching $46.48. 2,817,253 shares of the stock were exchanged, compared to its average volume of 3,694,437. Xcel Energy has a one year low of $41.51 and a one year high of $52.22. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87.

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The company also recently announced a quarterly dividend, which was paid on Friday, April 20th. Shareholders of record on Thursday, March 15th were paid a dividend of $0.38 per share. This is a boost from Xcel Energy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend was Wednesday, March 14th. This represents a $1.52 dividend on an annualized basis and a yield of 3.27%.

A number of research firms recently issued reports on XEL. JPMorgan Chase raised their price objective on shares of Xcel Energy from $46.00 to $48.00 and gave the stock an “overweight” rating in a report on Wednesday, March 28th. SunTrust Banks set a $43.00 price objective on shares of Xcel Energy and gave the stock a “hold” rating in a report on Monday, February 12th. Royal Bank of Canada reissued a “hold” rating and issued a $49.00 price objective on shares of Xcel Energy in a report on Thursday, February 1st. Bank of America dropped their price objective on shares of Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Finally, UBS began coverage on shares of Xcel Energy in a report on Friday, February 2nd. They issued a “neutral” rating and a $47.00 price objective on the stock. Six research analysts have rated the stock with a hold rating, seven have assigned a buy rating and one has assigned a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $47.83.

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.

Earnings History for Xcel Energy (NYSE:XEL)

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