Xcel Energy (XEL) Scheduled to Post Earnings on Thursday
Xcel Energy (NYSE:XEL) will release its earnings data before the market opens on Thursday, April 25th. Analysts expect Xcel Energy to post earnings of $0.61 per share for the quarter. Xcel Energy has set its FY19 guidance at $2.55-2.65 EPS.
Xcel Energy (NYSE:XEL) last issued its quarterly earnings data on Thursday, January 31st. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, meeting the Thomson Reuters’ consensus estimate of $0.42. The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.86 billion.
Shares of XEL opened at $54.78 on Tuesday. Xcel Energy has a 52-week low of $41.99 and a 52-week high of $57.51.
Separately, Zacks Investment Research downgraded Xcel Energy from a “buy” rating to a “hold” rating in a research report on Monday, March 18th. Four equities research analysts have rated the stock with 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 a consensus target price of $52.50.
In other news, EVP Scott M. Wilensky sold 15,004 shares of the business’s stock in a transaction on Wednesday, February 13th. The stock was sold at an average price of $53.07, for a total transaction of $796,262.28. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the business’s stock in a transaction on Wednesday, March 6th. The stock was sold at an average price of $55.13, for a total value of $4,134,750.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 98,957 shares of company stock valued at $5,431,127. Corporate insiders own 0.22% 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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