Report
Travis Miller
EUR 100.00 For Business Accounts Only

Xcel's work with Colorado regulators is an important piece of its growth plan.

We are reaffirming our $40 fair value estimate and narrow-moat rating for Xcel Energy after the company announced earnings $0.57 per share in the first quarter, up from $0.47 in the first quarter of 2017. Normal winter weather following a warm 2017 winter added $0.04 per share year over year. Management reaffirmed its 2018 earnings per share guidance at $2.37-$2.47, in line with our estimate.
The most important regulatory decision we await is in Colorado, where Xcel is seeking a four-year electr...
Underlying
Xcel Energy Inc.

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.

Provider
Morningstar
Morningstar

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.

We have operations in 27 countries.

Analysts
Travis Miller

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