$0.53 EPS Expected for Xcel Energy Inc (NYSE:XEL) This Quarter

Analysts predict that Xcel Energy Inc (NYSE:XEL) will announce $0.53 earnings per share (EPS) for the current quarter, Zacks reports. Two analysts have made estimates for Xcel Energy’s earnings. The lowest EPS estimate is $0.49 and the highest is $0.54. Xcel Energy posted earnings per share of $0.42 in the same quarter last year, which indicates a positive year over year growth rate of 26.2%. The company is expected to announce its next quarterly earnings report on Thursday, January 30th.

On average, analysts expect that Xcel Energy will report full year earnings of $2.62 per share for the current financial year, with EPS estimates ranging from $2.60 to $2.65. For the next financial year, analysts forecast that the firm will post earnings of $2.79 per share, with EPS estimates ranging from $2.75 to $2.82. Zacks’ earnings per share averages are a mean average based on a survey of research analysts that cover Xcel Energy.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, October 24th. The utilities provider reported $1.01 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.03 by ($0.02). The company had revenue of $3.01 billion during the quarter, compared to analysts’ expectations of $3.55 billion. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.96 EPS.

Several equities analysts recently issued reports on XEL shares. Mizuho boosted their price target on Xcel Energy from $50.00 to $64.00 and gave the company a “neutral” rating in a research report on Thursday, October 10th. Barclays cut Xcel Energy from an “overweight” rating to an “equal weight” rating and set a $64.00 price target on the stock. in a research report on Tuesday, August 13th. They noted that the move was a valuation call. SunTrust Banks set a $63.00 price target on Xcel Energy and gave the company a “hold” rating in a research report on Tuesday, September 3rd. Zacks Investment Research upgraded Xcel Energy from a “sell” rating to a “hold” rating and set a $66.00 price target on the stock in a research report on Monday, August 26th. Finally, UBS Group boosted their price target on Xcel Energy from $63.00 to $66.00 and gave the company a “neutral” rating in a research report on Friday, September 6th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of “Hold” and an average target price of $64.20.

XEL stock traded down $0.25 during trading on Thursday, hitting $60.08. The company had a trading volume of 4,112,473 shares, compared to its average volume of 3,280,488. Xcel Energy has a 1-year low of $47.70 and a 1-year high of $66.05. The firm has a 50-day moving average price of $63.69 and a 200-day moving average price of $61.05.

The firm also recently announced a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, September 13th were given a dividend of $0.405 per share. This represents a $1.62 annualized dividend and a yield of 2.70%. The ex-dividend date was Thursday, September 12th.

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In other Xcel Energy news, insider Mark E. Stoering sold 4,882 shares of the business’s stock in a transaction that occurred on Friday, September 6th. The stock was sold at an average price of $64.87, for a total transaction of $316,695.34. Following the transaction, the insider now owns 51,797 shares in the company, valued at approximately $3,360,071.39. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Scott M. Wilensky sold 15,000 shares of the business’s stock in a transaction that occurred on Friday, August 16th. The stock was sold at an average price of $61.71, for a total value of $925,650.00. The disclosure for this sale can be found here. Insiders have sold a total of 49,382 shares of company stock worth $3,133,045 in the last quarter. 0.22% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in XEL. DNB Asset Management AS increased its position in Xcel Energy by 43.3% during the 2nd quarter. DNB Asset Management AS now owns 131,400 shares of the utilities provider’s stock worth $7,817,000 after purchasing an additional 39,700 shares during the period. WINTON GROUP Ltd grew its holdings in shares of Xcel Energy by 3.8% in the 2nd quarter. WINTON GROUP Ltd now owns 914,892 shares of the utilities provider’s stock worth $54,427,000 after acquiring an additional 33,338 shares during the period. Townsend & Associates Inc grew its holdings in shares of Xcel Energy by 0.6% in the 2nd quarter. Townsend & Associates Inc now owns 28,904 shares of the utilities provider’s stock worth $1,755,000 after acquiring an additional 166 shares during the period. Iowa State Bank acquired a new stake in shares of Xcel Energy in the 2nd quarter worth approximately $202,000. Finally, Scout Investments Inc. grew its holdings in shares of Xcel Energy by 196.1% in the 2nd quarter. Scout Investments Inc. now owns 1,967,843 shares of the utilities provider’s stock worth $117,067,000 after acquiring an additional 1,303,156 shares during the period. Institutional investors own 73.96% 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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Earnings History and Estimates for Xcel Energy (NYSE:XEL)

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