$0.59 Earnings Per Share Expected for Xcel Energy Inc (NYSE:XEL) This Quarter

Wall Street analysts expect that Xcel Energy Inc (NYSE:XEL) will report earnings of $0.59 per share for the current fiscal quarter, according to Zacks. Two analysts have issued estimates for Xcel Energy’s earnings. The highest EPS estimate is $0.61 and the lowest is $0.53. Xcel Energy reported earnings per share of $0.46 in the same quarter last year, which suggests a positive year-over-year growth rate of 28.3%. The company is expected to report its next earnings report on Thursday, August 6th.

According to Zacks, analysts expect that Xcel Energy will report full-year earnings of $2.76 per share for the current year, with EPS estimates ranging from $2.75 to $2.78. For the next financial year, analysts expect that the company will post earnings of $2.96 per share, with EPS estimates ranging from $2.94 to $3.01. Zacks Investment Research’s EPS calculations are a mean average based on a survey of sell-side analysts that follow Xcel Energy.

Xcel Energy (NYSE:XEL) last released its quarterly earnings results on Thursday, May 7th. The utilities provider reported $0.56 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.59 by ($0.03). The firm had revenue of $2.81 billion for the quarter, compared to analyst estimates of $3.27 billion. During the same quarter in the prior year, the business earned $0.61 earnings per share. Xcel Energy’s revenue was down 10.5% compared to the same quarter last year.

XEL has been the topic of a number of recent research reports. Wells Fargo & Co cut shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $70.00 price objective on the stock. in a research note on Friday, April 24th. They noted that the move was a valuation call. Mizuho raised their price objective on shares of Xcel Energy from $53.00 to $63.00 and gave the company a “neutral” rating in a research note on Wednesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of Xcel Energy from $69.00 to $64.00 and set an “overweight” rating on the stock in a research note on Friday, March 27th. Morgan Stanley lifted their price target on shares of Xcel Energy from $55.00 to $56.00 and gave the stock an “underweight” rating in a research report on Wednesday, June 17th. Finally, Barclays reduced their price target on shares of Xcel Energy from $70.00 to $54.00 and set an “equal weight” rating on the stock in a research report on Thursday, March 26th. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating and two have issued a buy rating to the stock. The stock currently has an average rating of “Hold” and a consensus price target of $63.57.

In related news, CEO Benjamin G. S. Fowke III sold 104,796 shares of the firm’s stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $65.84, for a total transaction of $6,899,768.64. Following the sale, the chief executive officer now directly owns 461,531 shares in the company, valued at $30,387,201.04. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 0.22% of the company’s stock.

Several large investors have recently modified their holdings of XEL. Procyon Private Wealth Partners LLC acquired a new stake in shares of Xcel Energy during the fourth quarter worth $25,000. TFO TDC LLC acquired a new stake in Xcel Energy in the 1st quarter valued at $28,000. Princeton Global Asset Management LLC increased its stake in Xcel Energy by 106.4% in the 1st quarter. Princeton Global Asset Management LLC now owns 485 shares of the utilities provider’s stock valued at $29,000 after buying an additional 250 shares during the last quarter. Harel Insurance Investments & Financial Services Ltd. acquired a new stake in Xcel Energy in the 1st quarter valued at $34,000. Finally, Twin Tree Management LP acquired a new stake in Xcel Energy in the 1st quarter valued at $36,000. Institutional investors and hedge funds own 73.96% of the company’s stock.

XEL stock traded up $0.15 during midday trading on Tuesday, reaching $62.46. The company’s stock had a trading volume of 2,652,200 shares, compared to its average volume of 3,775,838. Xcel Energy has a 52 week low of $46.58 and a 52 week high of $72.14. The business’s 50-day simple moving average is $62.84 and its 200-day simple moving average is $64.00.

The business also recently disclosed a quarterly dividend, which will be paid on Monday, July 20th. Investors of record on Monday, June 15th will be issued a dividend of $0.43 per share. The ex-dividend date is Friday, June 12th. This represents a $1.72 dividend on an annualized basis and a dividend yield of 2.75%.

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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Earnings History and Estimates for Xcel Energy (NYSE:XEL)

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