Xcel's Regulatory Activity in 2018 Should Support Earnings Growth Target
We are reaffirming our $39 fair value estimate and narrow moat and stable moat trend ratings for Xcel Energy after the company announced earnings per share of $2.30 in 2017 on an operating basis, in line with our estimate.Management reaffirmed its 2018 earnings per share guidance at $2.37-$2.47. Our estimate is at the high end of that range primarily because of our expectation that Xcel receives favorable outcomes in four pending rate cases. The most important of those are the Colorado electric...
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