Summary
Xcel Energy Inc. (XEL) filed an 8-K on April 3, 2001, reporting on a presentation made to the financial community. The management outlined its conviction that the company's stock should be valued above $38 per share. This valuation is supported by projected annual earnings per share (EPS) of $2.30 for 2001 and $2.40-$2.50 for 2002, along with specific quarterly EPS targets for 2001. The presentation also included a breakdown of estimated 2001 EPS contributions by business segment, suggesting a total EPS of $2.30 based on a 17.2 P/E ratio, leading to a potential valuation of $39.42 per share. Furthermore, Xcel Energy management affirmed its dividend policy, aiming for a 60-65% payout ratio, and stated no current intention to recommend a dividend reduction at the upcoming June board meeting. The company provided details on how to access the presentation via a live web cast and subsequent audio replay, indicating a proactive approach to investor communication. Investors should note the forward-looking nature of these statements and the associated risks and uncertainties outlined in the filing.
Key Highlights
- 1Xcel Energy management believes the company's stock should be valued at over $38 per share.
- 2Projected annual EPS targets: $2.30 for 2001 and $2.40-$2.50 for 2002.
- 3Specific quarterly EPS targets for 2001 are provided, with Q1 estimated at $0.60-$0.65.
- 4A valuation model suggests a potential share value of $39.42 based on segment contributions and a 17.2 P/E ratio.
- 5The company aims for a 60-65% dividend payout ratio.
- 6Management has no current intention to recommend a dividend reduction at the June board meeting.
- 7Presentation details provided for live web cast viewing and audio replay access.