Xcel Energy (NYSE:XEL) Updates FY20 Earnings Guidance

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Xcel Energy (NYSE:XEL) updated its FY20 earnings guidance on Thursday. The company provided earnings per share guidance of $2.73-2.83 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $2.76. Xcel Energy also updated its FY 2020
Pre-Market guidance to 2.73-2.83 EPS.

Several research firms have issued reports on XEL. KeyCorp increased their price objective on Xcel Energy from $66.00 to $74.00 and gave the stock an overweight rating in a research report on Tuesday, July 21st. Wells Fargo & Co cut Xcel Energy from an overweight rating to an equal weight rating and set a $70.00 price target for the company. in a research report on Friday, April 24th. They noted that the move was a valuation call. Morgan Stanley raised their price target on Xcel Energy from $56.00 to $59.00 and gave the company an underweight rating in a research report on Friday, July 17th. Royal Bank of Canada restated a hold rating and issued a $62.00 price target on shares of Xcel Energy in a research report on Wednesday, April 8th. Finally, Mizuho raised their price target on Xcel Energy from $53.00 to $63.00 and gave the company a neutral rating in a research report on Wednesday, April 15th. Two investment analysts have rated the stock with a sell rating, ten have issued a hold rating and two have assigned a buy rating to the company. The stock presently has a consensus rating of Hold and a consensus target price of $64.36.

Shares of NYSE:XEL opened at $69.04 on Friday. The stock’s 50-day moving average price is $64.87 and its two-hundred day moving average price is $64.40. Xcel Energy has a 12-month low of $46.58 and a 12-month high of $72.14.

Xcel Energy (NYSE:XEL) last issued its quarterly earnings results on Thursday, July 30th. The utilities provider reported $0.54 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.47 by $0.07. The business had revenue of $2.59 billion during the quarter, compared to analyst estimates of $2.76 billion.

The firm also recently declared a quarterly dividend, which was paid on Monday, July 20th. Shareholders of record on Monday, June 15th were paid a $0.43 dividend. This represents a $1.72 dividend on an annualized basis and a yield of 2.49%. The ex-dividend date of this dividend was Friday, June 12th.

In other Xcel Energy news, CEO Benjamin G. S. Fowke III sold 104,796 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $65.84, for a total value of $6,899,768.64. Following the sale, the chief executive officer now directly owns 461,531 shares of the company’s stock, valued at approximately $30,387,201.04. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 0.22% of the stock is currently owned by company insiders.

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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