Xcel Energy Inc (NYSE:XEL) – Equities researchers at SunTrust Banks issued their Q1 2020 earnings per share (EPS) estimates for Xcel Energy in a research note issued to investors on Thursday, April 12th. SunTrust Banks analyst A. Agha forecasts that the utilities provider will earn $0.55 per share for the quarter. SunTrust Banks has a “Hold” rating and a $43.00 price target on the stock. SunTrust Banks also issued estimates for Xcel Energy’s FY2020 earnings at $2.70 EPS.
Other equities analysts have also issued reports about the company. JPMorgan Chase boosted their price target on Xcel Energy from $46.00 to $48.00 and gave the company an “overweight” rating in a research note on Wednesday, March 28th. Royal Bank of Canada reissued a “hold” rating and issued a $49.00 price target on shares of Xcel Energy in a research note on Thursday, February 1st. Bank of America dropped their price target on Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a research note on Thursday, February 8th. UBS assumed coverage on Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 price target on the stock. Finally, Zacks Investment Research raised Xcel Energy from a “sell” rating to a “hold” rating in a research note on Monday, January 15th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the stock. The stock presently has a consensus rating of “Hold” and a consensus price target of $47.42.
Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The company had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. During the same quarter in the previous year, the company earned $0.45 earnings per share. The business’s revenue was up .0% on a year-over-year basis.
The company also recently announced a quarterly dividend, which will be paid on Friday, April 20th. Stockholders of record on Thursday, March 15th will be given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a dividend yield of 3.45%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36. The ex-dividend date of this dividend is Wednesday, March 14th.
Several large investors have recently modified their holdings of XEL. Boston Partners raised its position in shares of Xcel Energy by 43.7% during the fourth quarter. Boston Partners now owns 5,126,143 shares of the utilities provider’s stock worth $246,619,000 after purchasing an additional 1,557,929 shares during the period. APG Asset Management N.V. raised its position in shares of Xcel Energy by 106.4% during the fourth quarter. APG Asset Management N.V. now owns 2,573,556 shares of the utilities provider’s stock worth $103,109,000 after purchasing an additional 1,326,900 shares during the period. Goldman Sachs Group Inc. raised its position in shares of Xcel Energy by 41.3% during the fourth quarter. Goldman Sachs Group Inc. now owns 3,980,432 shares of the utilities provider’s stock worth $191,499,000 after purchasing an additional 1,164,088 shares during the period. Old Mutual Global Investors UK Ltd. acquired a new position in shares of Xcel Energy during the fourth quarter worth approximately $44,901,000. Finally, Two Sigma Investments LP raised its position in shares of Xcel Energy by 122.1% during the fourth quarter. Two Sigma Investments LP now owns 1,363,000 shares of the utilities provider’s stock worth $65,574,000 after purchasing an additional 749,343 shares during the period. 73.96% of the stock is currently owned by institutional investors.
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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