Xcel Energy Inc (NYSE:XEL) – Equities researchers at KeyCorp issued their Q3 2018 EPS estimates for Xcel Energy in a note issued to investors on Thursday, October 18th. KeyCorp analyst P. Ridzon expects that the utilities provider will post earnings per share of $0.96 for the quarter.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, July 26th. The utilities provider reported $0.52 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.47 by $0.05. Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm had revenue of $2.66 billion during the quarter, compared to the consensus estimate of $2.71 billion. During the same quarter in the previous year, the firm posted $0.45 EPS. The company’s revenue for the quarter was up .5% compared to the same quarter last year.

A number of other equities research analysts also recently issued reports on the stock. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $53.00 price objective for the company in a research report on Thursday, September 27th. Morgan Stanley downgraded shares of Xcel Energy from an “overweight” rating to an “equal weight” rating and cut their price objective for the company from $52.00 to $50.00 in a research report on Friday, September 21st. Barclays assumed coverage on shares of Xcel Energy in a report on Tuesday, July 10th. They issued an “overweight” rating and a $53.00 target price for the company. Finally, Bank of America reaffirmed a “neutral” rating on shares of Xcel Energy in a report on Wednesday, June 27th. Five investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average price target of $48.22.

Shares of XEL stock opened at $49.13 on Monday. Xcel Energy has a 1 year low of $41.51 and a 1 year high of $52.22. The company has a debt-to-equity ratio of 1.27, a current ratio of 0.87 and a quick ratio of 0.68.

A number of institutional investors have recently modified their holdings of XEL. State Treasurer State of Michigan lifted its stake in Xcel Energy by 0.7% in the 2nd quarter. State Treasurer State of Michigan now owns 150,634 shares of the utilities provider’s stock worth $6,881,000 after purchasing an additional 1,100 shares in the last quarter. DNB Asset Management AS lifted its stake in Xcel Energy by 4.0% in the 3rd quarter. DNB Asset Management AS now owns 28,400 shares of the utilities provider’s stock worth $1,341,000 after purchasing an additional 1,100 shares in the last quarter. BB&T Securities LLC lifted its stake in Xcel Energy by 25.2% in the 2nd quarter. BB&T Securities LLC now owns 5,700 shares of the utilities provider’s stock worth $260,000 after purchasing an additional 1,146 shares in the last quarter. Raymond James Trust N.A. lifted its stake in Xcel Energy by 16.8% in the 3rd quarter. Raymond James Trust N.A. now owns 8,422 shares of the utilities provider’s stock worth $398,000 after purchasing an additional 1,213 shares in the last quarter. Finally, GWM Advisors LLC lifted its stake in Xcel Energy by 7.8% in the 2nd quarter. GWM Advisors LLC now owns 17,265 shares of the utilities provider’s stock worth $798,000 after purchasing an additional 1,251 shares in the last quarter. 73.96% of the stock is owned by institutional investors.

In other news, Director Lynn Casey bought 1,000 shares of the company’s stock in a transaction that occurred on Wednesday, September 5th. The stock was bought at an average price of $48.89 per share, with a total value of $48,890.00. Following the acquisition, the director now owns 3,131 shares of the company’s stock, valued at approximately $153,074.59. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Judy M. Poferl sold 7,182 shares of the company’s stock in a transaction on Friday, September 7th. The stock was sold at an average price of $48.67, for a total transaction of $349,547.94. Following the completion of the transaction, the senior vice president now directly owns 25,460 shares of the company’s stock, valued at approximately $1,239,138.20. The disclosure for this sale can be found here. Corporate insiders own 0.22% of the company’s stock.

The company also recently announced a quarterly dividend, which was paid on Saturday, October 20th. Investors of record on Friday, September 14th were issued a $0.38 dividend. This represents a $1.52 annualized dividend and a yield of 3.09%. The ex-dividend date of this dividend was Thursday, September 13th.

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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