Reported Earnings • Jul 31
Second quarter 2026 earnings released: EPS: US$0.94 (vs US$0.76 in 2Q 2025) Second quarter 2026 results: EPS: US$0.94 (up from US$0.76 in 2Q 2025). Revenue: US$3.12b (down 5.1% from 2Q 2025). Net income: US$586.0m (up 32% from 2Q 2025). Profit margin: 19% (up from 14% in 2Q 2025). The increase in margin was driven by lower expenses. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 7% per year. Ankündigung • Jul 31
Xcel Energy Inc. Declares Quarterly Dividend on Its Common Stock, Payable on October 20, 2026 Xcel Energy Inc. declared a quarterly dividend on its common stock of 59.25 cents per share. The dividends are payable October 20, 2026, to shareholders of record on September 15, 2026. Ankündigung • Jul 30
Xcel Energy Inc. Reaffirms Earnings Guidance for the Year 2026 Xcel Energy Inc. reaffirmed earnings guidance for the year 2026. For the year, the company expects ongoing earnings per share guidance of $4.04 to $4.16. Ankündigung • Jul 29
Xcel Energy Announces Appointment of Peter Carter to Board of Directors, Effective July 29, 2026 Xcel Energy announced that Peter Carter,age 63, had been elected to its board of directors, effective July 29, 2026. Carter serves as the president of Delta Air Lines, where he drives the company’s enterprise strategy, global policy matters and global market position. He plays a central role in shaping and protecting Delta’s ability to compete, grow and innovate. Under Peter’s leadership, Delta collaborates with industry stakeholders to deliver a more sustainable future of travel; works closely with international partners to strengthen joint ventures and alliances; and ensures customers benefit from seamless global connectivity and a high-quality experience across Delta’s global network. Prior to assuming the role of president, Carter served as Delta’s chief external affairs officer, chief legal officer and corporate secretary. Before joining the company in 2015, Carter was a partner with the Dorsey & Whitney law firm for 23 years. Carter will serve on the Audit committee and the Governance, Compensation and Nominating committee. Carter holds a Juris Doctor degree from the University of Minnesota Law School and a Bachelor of Arts degree from the University of Notre Dame. Ankündigung • Jul 09
Xcel Energy Inc. to Report Q2, 2026 Results on Jul 30, 2026 Xcel Energy Inc. announced that they will report Q2, 2026 results Pre-Market on Jul 30, 2026 Upcoming Dividend • Jun 08
Upcoming dividend of US$0.59 per share Eligible shareholders must have bought the stock before 15 June 2026. Payment date: 20 July 2026. Payout ratio is a comfortable 66% but the company is not cash flow positive. Trailing yield: 3.1%. Lower than top quartile of Austrian dividend payers (4.0%). Lower than average of industry peers (3.7%). Declared Dividend • May 25
First quarter dividend of US$0.59 announced Shareholders will receive a dividend of US$0.59. Ex-date: 15th June 2026 Payment date: 20th July 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 33% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 22
Xcel Energy Inc. announces Quarterly dividend, payable on July 20, 2026 Xcel Energy Inc. announced Quarterly dividend of USD 0.5925 per share payable on July 20, 2026, ex-date on June 15, 2026 and record date on June 15, 2026. Ankündigung • Apr 08
Xcel Energy Inc., Annual General Meeting, May 20, 2026 Xcel Energy Inc., Annual General Meeting, May 20, 2026. Ankündigung • Apr 02
Xcel Energy Inc. to Report Q1, 2026 Results on Apr 30, 2026 Xcel Energy Inc. announced that they will report Q1, 2026 results Pre-Market on Apr 30, 2026 Declared Dividend • Mar 02
Fourth quarter dividend of US$0.59 announced Shareholders will receive a dividend of US$0.59. Ex-date: 13th March 2026 Payment date: 20th April 2026 Dividend yield will be 2.9%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (66% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 5.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 32% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 28
Full year 2025 earnings released: EPS: US$3.44 (vs US$3.44 in FY 2024) Full year 2025 results: EPS: US$3.44. Revenue: US$14.7b (up 9.1% from FY 2024). Net income: US$2.02b (up 4.2% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Electric Utilities industry in Europe. Ankündigung • Feb 26
Xcel Energy Inc. Raises 2026 Quarterly Dividend on Common Stock, Payable on April 20, 2026 The Board of Directors of Xcel Energy Inc. raised the quarterly dividend on the company’s common stock from 57 cents per share to 59.25 cents per share, which is equivalent to an annual rate of $2.37 per share. The dividends are payable April 20, 2026, to shareholders of record on March 13, 2026. Ankündigung • Feb 24
Xcel Energy Appoints Rob Cain as Senior Vice President and Chief Technology Officer, Effective February 23, 2026 Xcel Energy announced that Rob Cain has been named its senior vice president, chief technology officer, effective immediately. Cain will lead the company’s Technology and Security Services organization, taking over the role held by Tim Peterson, who accepted a position outside of the company. The Technology and Security Services organization is vital to Xcel Energy’s resilience, innovation and success. Cain will oversee its key role in modernizing the company’s infrastructure, mitigating cyber and physical security risks, and enabling AI and other advanced digital solutions to reshape the company’s operations and improve the employee and customer experience. Cain is an accomplished leader who has guided major retail and customer-focused organizations through complex digital transformations and systems modernization for more than three decades. His teams strive to improve effectiveness, efficiency, operational performance and stakeholder experiences. For the past seven years, he served as a partner in the Minneapolis office of consulting firm McKinsey & Co., where he led McKinsey Technology’s North America consumer and retail practice. This group assisted Xcel Energy in refining its customer strategy and journey design across residential and commercial segments. Prior to consulting at McKinsey, Cain was a partner with PriceWaterhouse Coopers, leading the firm’s US Technology & Digital Consulting Practice. He previously served as chief information officer at The Coca-Cola Company, overseeing global corporate IT, and was chief information officer of its major German bottling operation. He is recognized for driving innovation in digital, analytics and AI, and has published widely on technology leadership and transformation. Cain holds a master of business administration degree from the University of Minnesota and a bachelor of arts degree in English language and literature from the University of Notre Dame. Reported Earnings • Feb 07
Full year 2025 earnings released: EPS: US$3.44 (vs US$3.44 in FY 2024) Full year 2025 results: EPS: US$3.44. Revenue: US$14.7b (up 9.1% from FY 2024). Net income: US$2.02b (up 4.2% from FY 2024). Profit margin: 14% (in line with FY 2024). Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Electric Utilities industry in Europe. Ankündigung • Feb 04
Great River Energy, ITC Midwest and Xcel Energy Propose 765 KV Transmission Line Project with Application for Certificate of Need Great River Energy, ITC Midwest and Xcel Energy proposed a series of new electric transmission lines that will help deliver continued reliable electricity for energy consumers throughout the region and connect new sources of electricity to the grid to serve increasing and evolving demands for electricity. Today, the project partners submitted an application for a Certificate of Need for PowerOn Midwest to the Minnesota Public Utilities Commission (MPUC). PowerOn Midwest is a series of new electric transmission projects anchored by a 765 kilovolt (kV) backbone transmission line that will connect to the existing transmission grid in eastern South Dakota, travel across southern Minnesota and connect to the broader regional grid. In Minnesota, the 765 kV line will connect the Lakefield, Pleasant Valley and North Rochester substations in Jackson, Mower and Olmstead counties. These projects are essential to move large volumes of electricity from where it’s generated to where it’s needed, ensuring reliable energy delivery in all seasons, at all times. This new infrastructure can accommodate energy from all sources — helping communities thrive as energy needs change. The projects were part of the portfolio approved in December 2024 by the region’s grid operator, the Midcontinent Independent System Operator (MISO), as part of the second set of projects in its Long Range Transmission Plan. In this historic portfolio, MISO approved 24 transmission projects including several 345 kV projects in Minnesota, North Dakota and South Dakota, as well as this 765 kV transmission backbone infrastructure. The companies jointly held 17 public open houses in Minnesota and numerous stakeholder meetings over the past year to provide opportunities for engagement with landowners, local governments, agencies and Tribal Nations. Pending approval of the Certificate of Need application in Minnesota, the companies will work closely with landowners and communities throughout the project area to seek input that will help determine the best line route to propose in their future Route Permit application. Planning for the future: The way companies generate and use electricity is changing — and demand is growing due to new homes, businesses, technologies and industries. Modern, expanded transmission systems like PowerOn Midwest will help ensure continued reliable electricity every hour of every day. Route options are still in development and the companies will work with landowners as that process continues. Route Permit applications will be filed with the MPUC in 2027. Project development continues in South Dakota where a Facility Permit is expected to be filed later in 2026. Subject to regulatory approvals, the companies expect construction of the transmission line to begin by 2030 and the line to be operational in 2034. In addition to the proposed 765 kV projects, two 345 kV projects are included in the Certificate of Need application. The companies would rebuild an existing single-circuit 345 kV line between Pleasant Valley and North Rochester substation, and add a second circuit to the existing 345 kV transmission line between the Hampton and North Rochester substations. Ankündigung • Jan 17
Xcel Energy Inc. to Report Q4, 2025 Results on Feb 05, 2026 Xcel Energy Inc. announced that they will report Q4, 2025 results at 9:30 AM, US Eastern Standard Time on Feb 05, 2026 Reported Earnings • Nov 01
Third quarter 2025 earnings released: EPS: US$0.89 (vs US$1.21 in 3Q 2024) Third quarter 2025 results: EPS: US$0.89 (down from US$1.21 in 3Q 2024). Revenue: US$3.92b (up 7.4% from 3Q 2024). Net income: US$524.0m (down 23% from 3Q 2024). Profit margin: 13% (down from 19% in 3Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.8% p.a. on average during the next 3 years, compared to a 2.7% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Buy Or Sell Opportunity • Oct 30
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 11% to €70.89. The fair value is estimated to be €58.65, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 3.4% over the last 3 years. Earnings per share has grown by 4.9%. For the next 3 years, revenue is forecast to grow by 6.7% per annum. Earnings are also forecast to grow by 11% per annum over the same time period. Ankündigung • Oct 30
Xcel Energy Reaffirms Earnings Guidance for 2025 and Initiates Earnings Guidance for 2026 Xcel Energy reaffirmed earnings guidance for 2025 and initiated earnings guidance for 2026. For 2025, the company reaffirmed ongoing earnings per share guidance of $3.75 to $3.85.
The company initiates its 2026 ongoing earnings per share guidance of $4.04 to $4.16. Ankündigung • Oct 22
Xcel Energy Inc. Announces Management Changes, Effective October 21, 2025 Xcel Energy named Bria Shea as president, Xcel Energy – Minnesota, North Dakota and South Dakota, effective October 21, 2025. Shea will oversee the operating company’s strategic planning, financial results and operational outcomes, leading teams focused on customer, community, regulatory, legislative and government affairs. She brings a strong focus on operational excellence, customer service, energy innovation, speed to power and personal and public safety to the operating company as well as Xcel Energy as a whole. Since joining Xcel Energy in 2008, Shea has held several leadership roles on the regulatory team. She most recently was regional vice president, Planning and Policy, leading government affairs and regulatory strategy for resource, transmission and distribution planning for the company’s energy systems across the Upper Midwest. Shea supports the Twin Cities community through her service on the board of the Minneapolis Clean Energy Partnership and has held previous board positions with the Minneapolis Regional Chamber of Commerce and YWCA Minneapolis. She earned a Bachelor of Arts from Gustavus Adolphus College and law degree from William Mitchell College of Law, both in Minnesota. Shea succeeds Ryan Long, who was named executive vice president, chief legal and compliance officer, earlier this year. Ankündigung • Oct 07
Xcel Energy Inc. to Report Q3, 2025 Results on Oct 30, 2025 Xcel Energy Inc. announced that they will report Q3, 2025 results Pre-Market on Oct 30, 2025 Ankündigung • Jul 31
Xcel Energy Inc. Declares Quarterly Dividend, Payable on October 20, 2025 The Board of Directors of Xcel Energy Inc. declared a quarterly dividend on its common stock of 57 cents per share. The dividends are payable October 20, 2025, to shareholders of record on September 15, 2025. Ankündigung • Jul 02
Xcel Energy Inc. to Report Q2, 2025 Results on Jul 31, 2025 Xcel Energy Inc. announced that they will report Q2, 2025 results Pre-Market on Jul 31, 2025 Ankündigung • Jun 30
Xcel Energy Inc.(NasdaqGS:XEL) dropped from Russell 1000 Dynamic Index Xcel Energy Inc.(NasdaqGS:XEL) dropped from Russell 1000 Dynamic Index Ankündigung • Jun 18
Xcel Energy Names Ryan Long as Executive Vice President and Chief Legal and Compliance Officer Xcel Energy announced Ryan Long as the company’s executive vice president and chief legal and compliance officer, effective immediately. Long, currently president of Xcel Energy – Minnesota, North Dakota and South Dakota, takes over the role held by Rob Berntsen, who accepted a position outside the company. Long will oversee Xcel Energy’s legal, compliance, and federal affairs teams. He previously served as interim general counsel in late 2023 and early 2024. Long will continue to oversee the Minnesota, North Dakota, and South Dakota jurisdiction as the company conducts an internal and external search for the next president for this operating company. Long joined Xcel Energy as a principal attorney in late 2015 and was named vice president, deputy general counsel, in May 2021, managing the Federal and State Regulatory, Environmental and Real Estate legal teams. He previously worked as a lawyer for Faegre Baker Daniels, now known as Faegre Drinker Biddle & Reath in Minneapolis and Cravath, Swaine & Moore in New York City. Long currently serves on the board of directors of the Guthrie Theater in Minneapolis. Declared Dividend • May 26
First quarter dividend of US$0.57 announced Shareholders will receive a dividend of US$0.57. Ex-date: 13th June 2025 Payment date: 20th July 2025 Dividend yield will be 3.5%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.6% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 27% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 22
Xcel Energy Inc. Declares Dividend on Common Stock, Payable on July 20, 2025 The Board of Directors of Xcel Energy Inc. declared a quarterly dividend on its common stock of 57 cents per share. The dividends are payable July 20, 2025, to shareholders of record on June 13, 2025. Reported Earnings • Apr 25
First quarter 2025 earnings released: EPS: US$0.84 (vs US$0.88 in 1Q 2024) First quarter 2025 results: EPS: US$0.84 (down from US$0.88 in 1Q 2024). Revenue: US$3.91b (up 7.0% from 1Q 2024). Net income: US$483.0m (down 1.0% from 1Q 2024). Profit margin: 12% (down from 13% in 1Q 2024). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 2.0% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Ankündigung • Apr 24
Xcel Energy Inc. Reaffirms Earnings Guidance for the Full Year 2025 Xcel Energy Inc. reaffirmed earnings guidance for the full year 2025. The company's ongoing earnings guidance is a range of $3.75 to $3.85 per share. Weather-normalized retail electric sales are projected to increase 3%. Weather-normalized retail firm natural gas sales are projected to increase 1%. Capital rider revenue is projected to increase $200 million to $210 million (net of PTCs). Deliver long-term annual EPS growth of 6% to 8% based off of $3.55 per share (the mid-point of 2024 original ongoing earnings guidance of $3.50 to $3.60 per share). Ankündigung • Apr 10
Xcel Energy Inc., Annual General Meeting, May 21, 2025 Xcel Energy Inc., Annual General Meeting, May 21, 2025. Ankündigung • Apr 04
Xcel Energy Inc. to Report Q1, 2025 Results on Apr 24, 2025 Xcel Energy Inc. announced that they will report Q1, 2025 results Pre-Market on Apr 24, 2025 Ankündigung • Mar 04
Xcel Energy Inc. Announces Executive Changes Xcel Energy Inc. announced that Timothy O’Connor, executive vice president, chief operations officer, will retire from the company this summer after nearly two decades of service. In accordance with the company’s succession planning process, two internal executive appointments were announced, which will be effective May 1, 2025: Scott Sharp will be named executive vice president, chief generation officer, adding oversight of Nuclear to his portfolio of Energy Supply and Commercial Operations. Michael Lamb will be named executive vice president, chief delivery officer. He has led the company’s Customer Delivery group since last year, overseeing the business areas of Electric Distribution and Transmission, Gas Distribution and Transmission, Wildfire Risk Management and Operations Process & Performance. He will add the Major Projects Group to his portfolio. Lamb also will become the coordinating officer for the Operations, Nuclear, Environmental and Safety (ONES) committee of the Xcel Energy board of directors. Sharp and Lamb both will serve on the company’s Executive Committee and report to Bob Frenzel, chairman, president and CEO. O’Connor will transition into an advisory role through August, reporting to Frenzel. O’Connor joined Xcel Energy in 2007 as a vice president at the Monticello Nuclear Generating Plant in Minnesota. He led the company’s Nuclear group for eight years before being elevated in 2020 to executive vice president, chief generation officer, and to his current role in 2021. O’Connor has represented Xcel Energy on several executive advisory groups, including the Department of Energy’s Idaho National Laboratory Nuclear Science and Technology areas, the Holtec Decommissioning advisory board, Nuclear Energy Institute’s industry labor management committee and the Terrestrial Energy industry advisory committee. He also worked in a reverse loaned assignment with the Institute of Nuclear Power Operations. Sharp joined Xcel Energy in 2000 and has more than three decades of experience operating power plants. His leadership roles have included senior vice president, Energy Supply and Commercial Operations; site vice president at the Prairie Island Nuclear Generating Plant in Minnesota; and vice president, Nuclear Operations. He serves on the nonprofit board of the Carpenter Nature Center in Minnesota, as well as lending his expertise to the NuScale Advisory Board and Small Modular Reactor Start Board for development and promotion of next-generation nuclear technology. Lamb joined Xcel Energy in 1985 and has held a number of leadership roles, including senior vice president, Customer Delivery; senior vice president, Transmission; and vice president, Enterprise Transformation Office & Operating Services. He serves on several nonprofit boards, including the Association of Edison Illuminating Companies, American Gas Association, Southern Gas Association and Minndependent. Reported Earnings • Mar 03
Full year 2024 earnings released: EPS: US$3.44 (vs US$3.21 in FY 2023) Full year 2024 results: EPS: US$3.44 (up from US$3.21 in FY 2023). Revenue: US$13.4b (down 5.4% from FY 2023). Net income: US$1.94b (up 9.3% from FY 2023). Profit margin: 14% (up from 13% in FY 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.7% p.a. on average during the next 3 years, compared to a 3.5% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 2% per year. Ankündigung • Feb 27
Xcel Energy Inc. Declares Dividend on Common Stock, Payable on April 20, 2025 The Board of Directors of Xcel Energy Inc. raised the quarterly dividend on the company’s common stock from 54.75 cents per share to 57 cents per share, which is equivalent to an annual rate of $2.28 per share. The dividends are payable April 20, 2025, to shareholders of record on March 14, 2025. Ankündigung • Feb 06
Xcel Energy Inc. Reaffirms Earnings Guidance for the Year 2025 Xcel Energy Inc. reaffirmed earnings guidance for the year 2025. For the year, the company expects ongoing earnings guidance EPS in a range of $3.75 to $3.85 per share. The company expects to deliver long-term annual EPS growth of 6% to 8% based off of $3.55 per share (the mid-point of 2024 original ongoing earnings guidance of $3.50to $3.60per share). Ankündigung • Jan 24
Xcel Energy Inc. Elects Devin Stockfish to Board of Directors and Joins Finance Committee and Its Operations, Nuclear, Environmental and Safety (ONES) Committee Xcel Energy Inc. announced that Devin Stockfish has been elected to its board of directors, effective Jan. 23, 2025. Stockfish has served as president and CEO of Weyerhaeuser Co., North America’s large integrated timber and forest products company, since 2019, and also serves as a member of its board of directors. He previously was senior vice president, Timberlands; vice president, Western Timberlands; and senior vice president, general counsel and corporate secretary during his nearly 12-year tenure with Weyerhaeuser. Stockfish will serve on the Xcel Energy board of directors’ Finance committee and its Operations, Nuclear, Environmental and Safety (ONES) committee. With his addition, the company’s board of directors will have 14 members. Prior to joining Weyerhaeuser in 2013, Stockfish was vice president and associate general counsel at chemical distributor Univar Solutions LLC, focused on mergers and acquisitions, corporate governance and securities law. He also has worked as an attorney for Starbucks Corp. and practiced corporate law at the K&L Gates LLP law firm. Before practicing law, Stockfish worked as a mechanical engineer with Boeing Co. Stockfish holds a Juris Doctor degree from Columbia Law School and a Bachelor of Science degree in mechanical engineering from the University of Colorado. Ankündigung • Jan 07
Xcel Energy Inc. to Report Q4, 2024 Results on Feb 06, 2025 Xcel Energy Inc. announced that they will report Q4, 2024 results Pre-Market on Feb 06, 2025 Ankündigung • Dec 19
Xcel Energy Inc. Declares Quarterly Dividend on Common Stock, Payable on January 20, 2025 The Board of Directors of Xcel Energy Inc. declared a quarterly dividend on its common stock of 54.75 cents per share. The dividends are payable January 20, 2025, to shareholders of record on January 6, 2025. Ankündigung • Nov 04
Xcel Energy Inc. has filed a Follow-on Equity Offering in the amount of $1.2 billion. Xcel Energy Inc. has filed a Follow-on Equity Offering in the amount of $1.2 billion.
Security Name: Common Stock
Security Type: Common Stock New Risk • Nov 02
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 4.1% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (2.3x net interest cover). Minor Risks Paying a dividend despite having no free cash flows. Shareholders have been diluted in the past year (4.1% increase in shares outstanding). Reported Earnings • Nov 01
Third quarter 2024 earnings released: EPS: US$1.21 (vs US$1.19 in 3Q 2023) Third quarter 2024 results: EPS: US$1.21 (up from US$1.19 in 3Q 2023). Revenue: US$3.64b (flat on 3Q 2023). Net income: US$682.0m (up 4.0% from 3Q 2023). Profit margin: 19% (in line with 3Q 2023). Revenue is forecast to grow 7.0% p.a. on average during the next 3 years, compared to a 1.7% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 4% per year. Ankündigung • Oct 18
Xcel Energy Inc. Reaffirms Earnings Guidance for the Year 2024 Xcel Energy Inc. reaffirmed earnings guidance for the year 2024. For the year, the company expects EPS guidance of $3.50 to $3.60 per share. Ankündigung • Sep 10
Xcel Energy Names Todd Wehner as Treasurer Xcel Energy named Todd Wehner as the company's treasurer and vice president. Paul Johnson will continue to serve the company as vice president, treasury and investor relations. In his role, Wehner will ensure Xcel Energy's financial stability and success by managing the funding of the company's capital investment, as well as managing the cash function, insurance process, investment activities, capital structure and providing support in regulatory proceedings. The company's ability to cost-effectively raise capital for its grid and energy investments will benefit its customers with long-term, lower cost energy. Most recently, Wehner served as assistant treasurer at Michigan-based CMS Energy. While there, he optimized the company's capital structure and relationship with equity and debt providers and credit rating agencies. He previously held investment banking roles at Morgan Stanley and Barclays focused on the global utilities and chemicals industries. Wehner began his career serving as a U.S. Air Force officer, flight test engineer and project manager, both domestically and in Iraq. Wehner has earned master's degrees from the University of Michigan in both sustainable systems and in business administration, as well as bachelor of science degrees from Michigan Technological University in electrical engineering and mechanical engineering. Upcoming Dividend • Sep 06
Upcoming dividend of US$0.55 per share Eligible shareholders must have bought the stock before 13 September 2024. Payment date: 20 October 2024. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.5%. Lower than top quartile of Austrian dividend payers (6.2%). Lower than average of industry peers (4.4%). Buy Or Sell Opportunity • Aug 06
Now 20% undervalued Over the last 90 days, the stock has risen 4.0% to €53.29. The fair value is estimated to be €66.71, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 3.1% over the last 3 years. Earnings per share has grown by 4.5%. For the next 3 years, revenue is forecast to grow by 6.4% per annum. Earnings are also forecast to grow by 9.4% per annum over the same time period. Declared Dividend • Aug 04
Second quarter dividend of US$0.55 announced Shareholders will receive a dividend of US$0.55. Ex-date: 13th September 2024 Payment date: 20th October 2024 Dividend yield will be 3.7%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (64% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Aug 02
Second quarter 2024 earnings released: EPS: US$0.54 (vs US$0.52 in 2Q 2023) Second quarter 2024 results: EPS: US$0.54 (up from US$0.52 in 2Q 2023). Revenue: US$3.03b (flat on 2Q 2023). Net income: US$302.0m (up 4.9% from 2Q 2023). Profit margin: 10.0% (in line with 2Q 2023). Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 1.8% growth forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Ankündigung • Aug 01
Xcel Energy Inc. Reaffirms Earnings Guidance for the Year 2024 Xcel Energy Inc. reaffirmed earnings guidance for the year 2024. For the year, the company expects EPS guidance of $3.50 to $3.60 per share. Ankündigung • Jul 31
Xcel Energy Inc. Declares Dividend on Common Stock, Payable on October 20, 2024 The Board of Directors of Xcel Energy Inc. declared a quarterly dividend on its common stock of 54.75 cents per share. The dividends are payable October 20, 2024, to shareholders of record on September 13, 2024. Ankündigung • Jun 29
Xcel Energy Inc. to Report Q2, 2024 Results on Aug 01, 2024 Xcel Energy Inc. announced that they will report Q2, 2024 results Pre-Market on Aug 01, 2024 Upcoming Dividend • Jun 10
Upcoming dividend of US$0.55 per share Eligible shareholders must have bought the stock before 14 June 2024. Payment date: 20 June 2024. Payout ratio is a comfortable 63% but the company is not cash flow positive. Trailing yield: 4.0%. Lower than top quartile of Austrian dividend payers (6.0%). Lower than average of industry peers (5.5%). Declared Dividend • May 27
First quarter dividend of US$0.55 announced Shareholders will receive a dividend of US$0.55. Ex-date: 14th June 2024 Payment date: 20th June 2024 Dividend yield will be 4.0%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (63% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.9% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Ankündigung • May 23
Xcel Energy Inc. Declares Quarterly Dividend on Common Stock, Payable on July 20, 2024 The Board of Directors of Xcel Energy Inc. declared a quarterly dividend on its common stock of 54.75 cents per share. The dividends are payable July 20, 2024, to shareholders of record on June 14, 2024. Ankündigung • May 22
Xcel Energy Inc. Announces Executive Changes Xcel Energy Inc. named Rob Berntsen as the company’s executive vice president and chief legal and compliance officer. Berntsen takes over the role from Amanda Rome, who held the position on an interim basis while also serving in her role as executive vice president, group president – utilities and chief customer officer. Berntsen will oversee Xcel Energy’s legal, compliance and corporate secretary and securities teams. Most recently, Berntsen served as senior vice president, chief of staff and general counsel at BHE Renewables, a Berkshire Hathaway Energy business that develops, owns, and operates solar, wind, geothermal and hydroelectric power plants. Prior to that, Berntsen worked for MidAmerican Energy Company, where he led the utility’s legal, regulatory, rates, government affairs, compliance, and energy efficiency groups. In addition, Berntsen has held leadership roles with the Midcontinent Independent System Operator Inc. and the Iowa Utilities Board. A veteran, Berntsen served as a captain in the Judge Advocate General Corps, the legal arm of the U.S. Army and deployed to Iraq in 2005 in support of Operation Iraqi Freedom. Berntsen earned his juris doctor degree from the University of Iowa and a Bachelor of Science degree from Georgetown University. Reported Earnings • Apr 26
First quarter 2024 earnings released: EPS: US$0.88 (vs US$0.76 in 1Q 2023) First quarter 2024 results: EPS: US$0.88 (up from US$0.76 in 1Q 2023). Revenue: US$3.65b (down 11% from 1Q 2023). Net income: US$488.0m (up 17% from 1Q 2023). Profit margin: 13% (up from 10% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Ankündigung • Apr 10
Xcel Energy Inc., Annual General Meeting, May 22, 2024 Xcel Energy Inc., Annual General Meeting, May 22, 2024, at 11:00 Central Standard Time. Agenda: To consider election of directors; to consider approval of Xcel Energy Inc.'s executive compensation in an advisory vote; to consider approval of the Xcel Energy Inc. 2024 Equity Incentive Plan; and to consider ratification of the appointment of Deloitte & Touche LLP as Xcel Energy Inc.'s independent registered public accounting firm for 2024. Ankündigung • Apr 02
Xcel Energy Inc. to Report Q1, 2024 Results on Apr 25, 2024 Xcel Energy Inc. announced that they will report Q1, 2024 results Pre-Market on Apr 25, 2024 Valuation Update With 7 Day Price Move • Mar 07
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €44.93, the stock trades at a forward P/E ratio of 14x. Average forward P/E is 11x in the Electric Utilities industry in Europe. Total loss to shareholders of 6.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €34.94 per share. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.55 per share Eligible shareholders must have bought the stock before 14 March 2024. Payment date: 20 April 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 4.3%. Lower than top quartile of Austrian dividend payers (5.9%). Lower than average of industry peers (5.9%). Declared Dividend • Feb 26
Fourth quarter dividend of US$0.55 announced Shareholders will receive a dividend of US$0.55. Ex-date: 14th March 2024 Payment date: 20th April 2024 Dividend yield will be 3.6%, which is lower than the industry average of 4.3%. Sustainability & Growth Dividend is covered by earnings (65% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 6.4% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 24% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Feb 23
Full year 2023 earnings released: EPS: US$3.21 (vs US$3.17 in FY 2022) Full year 2023 results: EPS: US$3.21 (up from US$3.17 in FY 2022). Revenue: US$14.2b (down 7.2% from FY 2022). Net income: US$1.77b (up 2.0% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, while revenues in the Electric Utilities industry in Europe are expected to remain flat. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 3% per year. Reported Earnings • Jan 26
Full year 2023 earnings released: EPS: US$3.21 (vs US$3.17 in FY 2022) Full year 2023 results: EPS: US$3.21 (up from US$3.17 in FY 2022). Revenue: US$14.2b (down 7.2% from FY 2022). Net income: US$1.77b (up 2.0% from FY 2022). Profit margin: 13% (up from 11% in FY 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 6.0% p.a. on average during the next 3 years, compared to a 2.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has remained flat. Ankündigung • Jan 25
Xcel Energy Inc. Reaffirms Earnings Guidance for 2024 Xcel Energy Inc. reaffirmed earnings guidance for 2024. For the period, the company reaffirms EPS guidance of $3.50 to $3.60 per share. Upcoming Dividend • Dec 20
Upcoming dividend of US$0.52 per share at 3.3% yield Eligible shareholders must have bought the stock before 27 December 2023. Payment date: 20 January 2024. Payout ratio is a comfortable 65% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Austrian dividend payers (5.3%). Lower than average of industry peers (5.4%). Ankündigung • Dec 02
Xcel Energy Inc. Announces Executive Changes Effective Jan. 1, 2024 Xcel Energy Inc. will be starting off the new year with a new president for Minnesota, North Dakota and South Dakota. Chris Clark will retire as Xcel's regional president after eight years in the role and Ryan Long will take over leadership responsibilities for the three states, effective Jan. 1. Long joined Xcel Energy in 2015. His most recent role was executing Xcel's legal strategy as interim general counsel. Long's legal career previously had him working as a lawyer for Faegre Drinker Biddle & Reath in Minneapolis and New York City's Cravath, Swaine & Moore. Long currently serves on the board of directors for the Minneapolis-based affordable housing nonprofit Project for Pride in Living. As president of the three states, Long will be responsible for much more than legal affairs. He will leading strategic planning, financial results and operational outcomes, in addition to leading teams focused on customer, community, regulatory, legislative and governmental relationships, the news release said. Clark joined Xcel in 1999. His 25-year career began as a senior attorney. He also led Xcel's compliance to regulative affairs as the regulatory department's vice president before being named president of Minnesota, North Dakota and South Dakota in 2015. He represented Xcel on several civic councils such as the Minnesota Department of Transportation Sustainable Transportation Advisory Council, Minnesota Governor's Advisory Council on Climate Change, the University of Minnesota Center for Transportation Studies and the St. Paul Downtown Alliance. Ankündigung • Nov 02
Xcel Energy Inc. has filed a Follow-on Equity Offering in the amount of $2.5 billion. Xcel Energy Inc. has filed a Follow-on Equity Offering in the amount of $2.5 billion.
Security Name: Common Stock
Security Type: Common Stock
Transaction Features: At the Market Offering Ankündigung • Oct 29
Xcel Energy Inc. Narrows Earnings Guidance for 2023 Xcel Energy Inc. narrowed earnings guidance for 2023. For the period, the company narrowed range of $3.32 to $3.37 per share, from the original guidance of $3.30 to $3.40 per share. Reported Earnings • Oct 28
Third quarter 2023 earnings released: EPS: US$1.19 (vs US$1.18 in 3Q 2022) Third quarter 2023 results: EPS: US$1.19 (up from US$1.18 in 3Q 2022). Revenue: US$3.66b (down 10% from 3Q 2022). Net income: US$656.0m (up 1.1% from 3Q 2022). Profit margin: 18% (up from 16% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue is forecast to grow 3.8% p.a. on average during the next 3 years, compared to a 4.7% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Ankündigung • Oct 21
Xcel Energy Receives $100 Million Department of Energy Grant to Boost Wildfire Mitigation and Grid Resiliency Xcel Energy announced it has been selected for a $100 million award from the U.S. Department of Energy to boost its work to reduce and mitigate the threat of wildfires and ensure the resiliency of the grid through extreme weather. The funding, provided through the Grid Resilience and Innovation Partnerships program and matched by a $140 million cost share provided by Xcel Energy, will support a range of projects that enhance the grid’s resiliency in the face of fires, severe storms, and other adverse environmental conditions to better protect lives, homes and forests while reducing and preventing power outages. The projects will be based in Colorado, Minnesota, New Mexico, Texas and Wisconsin. As climate conditions have changed, environmental impacts to the power grid have grown more severe and frequent. Areas with traditional fire seasons, for example, have seen them evolve into year-round battles against rapidly changing and extreme weather conditions that can generate larger, more intense and faster-moving wildfires. Xcel Energy is a leader in the clean energy transition, moving forward at a pace and scale that allows the company to reach net-zero carbon emissions responsibly and meet emissions reductions goals that align with science-based climate targets. The company is continually making strategic investments and improvements to strengthen the power grid, build resilience, and increase its situational awareness of risks. Since 2019, Xcel Energy has invested over $450 million in wildfire mitigation activities in Colorado alone to strengthen its systems and better protect communities and the natural environment. The projects will take a number of steps to boost grid resiliency, including adding fire-resistant coatings to 6,000 wood poles, improving equipment safety features in power lines and electric vehicle chargers in high fire risk conditions, moving high-risk distribution circuits underground, and enhancing vegetation management. They will also build on current programs using emerging technology, such as drones aided by artificial intelligence that inspect power lines for safety, wind strength testing, satellite identification of trees that pose a risk and modeling software to predict how fires would spread. In addition, the funding will support greater resilience for communities of color. Xcel Energy will use Department of Energy funds to complement an equal investment in customer-funded microgrids in the Resilient Minneapolis Project, which aims to support underserved communities in Minneapolis by providing solar, battery and microgrid technologies to strengthen community resiliency. Microgrids at key community center locations will allow critical services to be delivered to communities in the event of a grid outage. The projects are expected to span five years, with detailed design and planning starting in 2024 and projects completing by late 2028. The Department of Energy grant is contingent on negotiation and project logistics. Ankündigung • Oct 14
Xcel Energy, Heartland Hydrogen Hub Selects for Up to $925 Million Federal Award The U.S. Department of Energy has selected the Heartland Hydrogen Hub, including multiple clean hydrogen projects from Xcel Energy, for award negotiations to receive up to $925 million. The award will serve as a catalyst for a future hydrogen ecosystem in the Upper Midwest. The Heartland Hydrogen Hub (HH2H) is one of seven selected to receive funding. The hub includes Xcel Energy, Marathon Petroleum Corporation and TC Energy, in collaboration with the University of North Dakota's Energy & Environmental Resource Center, to produce and use low-carbon hydrogen at commercial scale in Minnesota, Wisconsin, South Dakota, North Dakota and Montana. The hub aims to reduce carbon emissions by more than 1 million metric tons per year, the equivalent of taking 220,000 gasoline-powered cars off the road. Clean fuels in general, and the Heartland Hydrogen Hub in particular, are a key part of Xcel Energy's vision for zero-carbon generation and net-zero emissions from natural gas distribution by 2050. Hydrogen is a clean molecule that can reduce carbon emissions in a variety of sectors. The company plans to use its existing and future nuclear, solar and wind resources in the Upper Midwest to produce hydrogen to blend into power generation, existing natural gas distribution systems, and other agricultural and industrial applications. For its projects within the hub, Xcel Energy expects to receive a large portion of the federal award, subject to negotiations. In its application, Xcel Energy proposed investing up to $2 billion over a decade for clean hydrogen producing equipment and infrastructure, representing 75% of full program costs for the company's portion of the hub. As a member of the Heartland Hydrogen Hub team, Xcel Energy is prepared to execute and fund its portion of the project to build and operate safe, clean hydrogen infrastructure in the region and bring the benefits of green hydrogen and clean fuels to the clean energy workforce and local communities. Xcel Energy has nearly 20 years of experience leading the clean energy transition. The company has reduced carbon emissions 55% from 2005 levels in the Upper Midwest and remains on track to reduce carbon emissions 85% by 2030 as it moves toward a vision to meet Minnesota's 100% carbon-free benchmark by 2040. All of Xcel Energy's federal and state policymakers, along with labor unions, have supported the effort through their shared interest in U.S. energy production, energy security, job creation, economic development and environmental stewardship. Project detailed design will begin after the Heartland Hydrogen Hub finishes award negotiations. Project development will likely continue through 2035. The public will have an opportunity to review Xcel Energy's planned investments through the regulatory process. The process has built-in protections for customers to ensure that Xcel Energy unlocks the benefits of this new clean energy technology in the most affordable way. Ankündigung • Sep 29
Xcel Energy Announces Executive Changes, Effective on December 15, 2023 Xcel Energy named Chris Church as the company’s new chief nuclear officer, effective December 15, 2023. Church succeeds Pete Gardner, who is retiring at the end of the year after serving in the role since 2020. Church has served as vice president of nuclear operations since 2020 and was site vice president at the Monticello plant for two years before that. Prior to joining Xcel Energy, he held several senior leadership roles in other nuclear fleets, including vice president of operations support for Tennessee Valley Authority (TVA) and site vice president of that company’s Watts Bar and Sequoyah nuclear power plants. He was previously a submarine officer in the United States Navy. Gardner is retiring after nearly 40 years in the nuclear industry, including 10 years at Xcel Energy, and he provided steady leadership of the company’s nuclear fleet during the COVID-19 pandemic. Operational innovations during his tenure include a process for flexing down nuclear generation when low-cost wind resources are abundant and a forthcoming hydrogen demonstration project at Prairie Island. Xcel Energy’s nuclear fleet continues to be recognized for sustained exemplary performance by the Institute of Nuclear Power Operations while achieving a 35% reduction in operational costs over the past 10 years. Ankündigung • Sep 24
Department of Energy Awards Xcel Energy up to $70 Million for Long Duration Energy Storage Xcel Energy announced that it has received a grant of up to $70 million from the U.S. Department of Energy (DOE). The award will partially fund two long duration energy storage systems in Minnesota and Colorado. Each demonstration-scale system will be a 10 megawatt/1,000 megawatt-hour iron-air battery developed by Massachusetts-based Form Energy. The batteries will be located at the sites of two retiring Xcel Energy coal plants: the Sherburne County Generating Station in Becker, Minnesota, and the Comanche Generating Station in Pueblo, Colorado. Once operational, the systems will allow Xcel Energy to store renewable energy such as solar and wind when it is being produced and then later distribute the energy during periods of lower renewable production. While most existing battery technologies serve fewer than eight hours of energy storage, Form Energy’s iron-air batteries deliver electricity for up to 100 hours. The long duration energy storage systems will strengthen the grid against day-to-day and week-to-week variability of renewable energy. Separate from the Department of Energy funding, Xcel Energy received a $20 million grant commitment in April from the Breakthrough Energy Catalyst fund for emerging climate technologies that reduce emissions and accelerate the clean energy transition. The Breakthrough grant provides $10 million each for the Minnesota and Colorado battery systems, subject to the satisfaction of certain funding conditions. In addition to the grants, Xcel Energy plans to use provisions in the federal Inflation Reduction Act, such as standalone storage tax credits, to further lower the cost of the iron-air batteries. The Minnesota Public Utilities Commission previously approved the project with the support of the Minnesota Department of Commerce. Construction of the battery system in Minnesota — to be located near one of the largest solar developments in the U.S., the upcoming 710 megawatt Sherco Solar installation — will start in the second quarter of 2024. Pending approval from the Colorado Public Utilities Commission, work on the Colorado battery system could begin in late 2024. The projects are expected to support 15 to 20 construction jobs in each state. The Department of Energy grant is contingent on negotiation and project logistics. Upcoming Dividend • Sep 07
Upcoming dividend of US$0.52 per share at 3.7% yield Eligible shareholders must have bought the stock before 14 September 2023. Payment date: 20 October 2023. Payout ratio is a comfortable 64% but the company is not cash flow positive. Trailing yield: 3.7%. Lower than top quartile of Austrian dividend payers (5.5%). Lower than average of industry peers (5.6%). Ankündigung • Jul 28
Xcel Energy Inc. Provides Earnings Guidance for the Year 2023 Xcel Energy Inc. provided earnings guidance for the year 2023. The company expects GAAP and ongoing earnings guidance is a range of $3.30 to $3.40 per share. Reported Earnings • Jul 28
Second quarter 2023 earnings released: EPS: US$0.52 (vs US$0.60 in 2Q 2022) Second quarter 2023 results: EPS: US$0.52 (down from US$0.60 in 2Q 2022). Revenue: US$3.02b (down 12% from 2Q 2022). Net income: US$288.0m (down 12% from 2Q 2022). Profit margin: 9.5% (in line with 2Q 2022). Revenue is forecast to grow 3.2% p.a. on average during the next 3 years, compared to a 3.9% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Ankündigung • Jul 01
Xcel Energy Inc. to Report Q2, 2023 Results on Jul 27, 2023 Xcel Energy Inc. announced that they will report Q2, 2023 results Pre-Market on Jul 27, 2023 Upcoming Dividend • Jun 07
Upcoming dividend of US$0.52 per share at 3.3% yield Eligible shareholders must have bought the stock before 14 June 2023. Payment date: 20 July 2023. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.3%. Lower than top quartile of Austrian dividend payers (5.4%). Lower than average of industry peers (5.0%). Recent Insider Transactions • May 03
Executive VP & COO recently sold €985k worth of stock On the 28th of April, Timothy O'Connor sold around 16k shares on-market at roughly €63.05 per share. This transaction amounted to 69% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Timothy's only on-market trade for the last 12 months. Reported Earnings • Apr 29
First quarter 2023 earnings released: EPS: US$0.76 (vs US$0.70 in 1Q 2022) First quarter 2023 results: EPS: US$0.76 (up from US$0.70 in 1Q 2022). Revenue: US$4.08b (up 8.8% from 1Q 2022). Net income: US$418.0m (up 10.0% from 1Q 2022). Profit margin: 10% (in line with 1Q 2022). Revenue is forecast to grow 4.1% p.a. on average during the next 3 years, compared to a 4.6% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year whereas the company’s share price has increased by 3% per year. Buying Opportunity • Mar 24
Now 21% undervalued after recent price drop Over the last 90 days, the stock is down 11%. The fair value is estimated to be €75.13, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 11% over the last 3 years. Earnings per share has grown by 6.0%. For the next 3 years, revenue is forecast to grow by 2.5% per annum. Earnings is also forecast to grow by 6.3% per annum over the same time period. Upcoming Dividend • Mar 07
Upcoming dividend of US$0.52 per share at 3.2% yield Eligible shareholders must have bought the stock before 14 March 2023. Payment date: 20 April 2023. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 3.2%. Lower than top quartile of Austrian dividend payers (5.2%). Lower than average of industry peers (4.5%). Reported Earnings • Feb 26
Full year 2022 earnings released: EPS: US$3.17 (vs US$2.96 in FY 2021) Full year 2022 results: EPS: US$3.17 (up from US$2.96 in FY 2021). Revenue: US$15.3b (up 14% from FY 2021). Net income: US$1.74b (up 8.7% from FY 2021). Profit margin: 11% (in line with FY 2021). Revenue is forecast to grow 2.0% p.a. on average during the next 3 years, compared to a 2.7% decline forecast for the Electric Utilities industry in Europe. Over the last 3 years on average, earnings per share has increased by 6% per year but the company’s share price has remained flat, which means it is significantly lagging earnings. 
