Xcel Energy (XEL) Scheduled to Post Quarterly Earnings on Thursday

Xcel Energy (NYSE:XEL) is set to announce its earnings results before the market opens on Thursday, October 24th. Analysts expect the company to announce 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.Investors interested in registering for the company’s conference call can do so using this link.

Xcel Energy (NYSE:XEL) last announced its earnings results 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 company had revenue of $2.58 billion during the quarter, compared to the consensus estimate of $2.84 billion. The business’s revenue for the quarter was down 3.0% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.52 earnings per share.

NYSE:XEL opened at $64.21 on Wednesday. The business’s 50-day simple moving average is $64.15 and its two-hundred day simple moving average is $60.44. Xcel Energy has a 52 week low of $47.44 and a 52 week high of $66.05.

The firm also recently declared a quarterly dividend, which was paid on Sunday, October 20th. Shareholders of record on Friday, September 13th were issued a dividend of $0.405 per share. The ex-dividend date was Thursday, September 12th. This represents a $1.62 dividend on an annualized basis and a yield of 2.52%.

In other Xcel Energy news, EVP Kent T. Larson sold 25,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $64.25, for a total value of $1,606,250.00. Following the sale, the executive vice president now directly owns 75,354 shares of the company’s stock, valued at $4,841,494.50. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Christopher B. Clark sold 2,000 shares of the company’s stock in a transaction on Friday, August 30th. The shares were sold at an average price of $64.25, for a total transaction of $128,500.00. The disclosure for this sale can be found here. Insiders have sold 49,382 shares of company stock worth $3,133,045 over the last three months. Corporate insiders own 0.22% of the company’s stock.

A number of equities research analysts have commented on XEL shares. UBS Group raised their price target on Xcel Energy from $63.00 to $66.00 and gave the company a “neutral” rating in a report on Friday, September 6th. SunTrust Banks set a $63.00 price target on Xcel Energy and gave the company a “hold” rating in a report on Tuesday, September 3rd. 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 report on Tuesday, August 13th. They noted that the move was a valuation call. Mizuho raised their price target on Xcel Energy from $50.00 to $64.00 and gave the company a “neutral” rating in a report on Thursday, October 10th. Finally, Bank of America cut Xcel Energy from a “neutral” rating to an “underperform” rating and set a $62.00 price target on the stock. in a report on Monday, September 30th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company’s stock. Xcel Energy currently has a consensus rating of “Hold” and an average target price of $64.20.

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.

See Also: Market Timing

Earnings History for Xcel Energy (NYSE:XEL)

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