Xcel Unveils Another Step-Up in Renewable Energy Investment
We are reaffirming our $34 fair value estimate, narrow moat, and stable moat trend ratings after Xcel Energy reported earnings per share of $0.90 for the third quarter. Management tightened its full-year EPS guidance range to $2.17-$2.22, in line with our estimate, and initiated 2017 EPS guidance at $2.25-$2.35, also in line with our forecast.Already one of the nation's largest renewable energy companies, Xcel designated $1.5 billion of potential renewable energy investments in its updated five...
Xcel Energy is a regulated electric and natural gas delivery company which serves customers in mid-western and western states, including portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. The company's reportable segments include: regulated electric utility, which generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico; regulated natural gas utility, which transports, stores and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado; and other, which includes steam revenue and appliance repair services.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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