Xcel Energy Inc (NYSE:XEL) announced 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 annualized dividend and a dividend yield of 3.45%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36.
Xcel Energy has raised its dividend payment by an average of 6.4% per year over the last three years and has increased its dividend annually for the last 14 consecutive years. Xcel Energy has a payout ratio of 62.3% indicating that its dividend is sufficiently covered by earnings. Equities 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%.
Shares of Xcel Energy (XEL) traded down $0.56 during trading hours on Wednesday, reaching $44.12. The company’s stock had a trading volume of 3,454,700 shares, compared to its average volume of 3,655,318. The company has a market capitalization of $22,400.00, a price-to-earnings ratio of 19.52, 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 has a 1-year low of $41.51 and a 1-year high of $52.22.
Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Wednesday, February 7th. The utilities provider reported $0.42 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.43 by ($0.01). The firm had revenue of $2.80 billion during the quarter, compared to the consensus estimate of $2.84 billion. Xcel Energy had a return on equity of 10.44% and a net margin of 10.06%. The firm’s revenue was up .0% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.45 EPS. equities research analysts expect that Xcel Energy will post 2.44 earnings per share for the current year.
In other news, EVP Marvin E. Jr. Mcdaniel sold 5,176 shares of the stock in a transaction that occurred on Wednesday, December 6th. The stock was sold at an average price of $51.07, for a total value of $264,338.32. Following the completion of the sale, the executive vice president now directly owns 81,371 shares of the company’s stock, valued at $4,155,616.97. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Corporate insiders own 0.22% of the company’s stock.
Several research analysts have issued reports on the company. Morgan Stanley increased their price target on Xcel Energy from $50.00 to $53.00 and gave the stock an “equal weight” rating in a report on Wednesday, December 13th. SunTrust Banks set a $43.00 price target on Xcel Energy and gave the stock a “hold” rating in a report on Monday, February 12th. Royal Bank of Canada reiterated a “hold” rating and issued a $49.00 price target on shares of Xcel Energy in a report on Thursday, February 1st. ValuEngine upgraded Xcel Energy from a “hold” rating to a “buy” rating in a report on Thursday, November 9th. Finally, Bank of America cut their price target on Xcel Energy from $49.00 to $47.00 and set a “buy” rating on the stock in a report on Thursday, February 8th. Nine equities research analysts have rated the stock with a hold rating, five have given a buy rating and one has given a strong buy rating to the company’s stock. Xcel Energy currently has a consensus rating of “Hold” and a consensus price target of $48.00.
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Xcel Energy Company Profile
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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