Xcel Energy Inc (NYSE:XEL) declared a quarterly dividend on Wednesday, February 21st, RTT News reports. Investors of record on Thursday, March 15th will be paid a dividend of 0.38 per share by the utilities provider on Friday, April 20th. This represents a $1.52 dividend on an annualized basis and a yield of 3.48%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36.
Xcel Energy has increased its dividend payment by an average of 6.4% per year over the last three years and has raised its dividend annually for the last 14 consecutive years. Xcel Energy has a dividend payout ratio of 62.3% indicating that its dividend is sufficiently covered by earnings. Research analysts expect Xcel Energy to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 55.8%.
Xcel Energy (XEL) opened at $43.70 on Thursday. Xcel Energy has a twelve month low of $41.51 and a twelve month high of $52.22. The company has a market capitalization of $22,190.00, a PE ratio of 19.00, a P/E/G ratio of 3.18 and a beta of 0.12. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.27.
Xcel Energy (NYSE:XEL) last announced its earnings results on Wednesday, February 7th. The utilities provider reported $0.42 EPS for the quarter, missing analysts’ consensus estimates of $0.43 by ($0.01). Xcel Energy had a net margin of 10.06% and a return on equity of 10.44%. The firm had revenue of $2.80 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same quarter last year, the business earned $0.45 earnings per share. The business’s revenue was up .0% compared to the same quarter last year. equities analysts anticipate that Xcel Energy will post 2.44 earnings per share for the current fiscal year.
Several equities analysts have recently issued reports on the company. Morgan Stanley upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and set a $48.00 price objective for the company in a research note on Tuesday, February 13th. SunTrust Banks set a $43.00 price objective on Xcel Energy and gave the company a “hold” rating in a research note on Monday, February 12th. Bank of America decreased their price objective on Xcel Energy from $49.00 to $47.00 and set a “buy” rating for the company in a research note on Thursday, February 8th. UBS Group assumed coverage on Xcel Energy in a research note on Friday, February 2nd. They issued a “neutral” rating and a $47.00 price objective for the company. Finally, Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 price objective on shares of Xcel Energy in a research note on Thursday, February 1st. Nine investment analysts have rated the stock with a hold rating, five have assigned a buy rating and one has given a strong buy rating to the company. The stock presently has an average rating of “Hold” and a consensus target price of $48.00.
In related news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the business’s stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total transaction of $264,338.32. Following the completion of the sale, the executive vice president now owns 81,371 shares in the company, valued at $4,155,616.97. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 0.22% of the stock is owned by insiders.
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About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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