Xcel Energy Inc. (NASDAQ:XEL – Get Free Report) declared a quarterly dividend on Wednesday, May 20th. Shareholders of record on Monday, June 15th will be given a dividend of 0.5925 per share on Monday, July 20th. This represents a c) annualized dividend and a dividend yield of 3.0%. The ex-dividend date of this dividend is Monday, June 15th.
Xcel Energy has raised its dividend by an average of 0.1%per year over the last three years and has raised its dividend every year for the last 22 years. Xcel Energy has a dividend payout ratio of 57.4% indicating that its dividend is sufficiently covered by earnings. Analysts expect Xcel Energy to earn $4.49 per share next year, which means the company should continue to be able to cover its $2.37 annual dividend with an expected future payout ratio of 52.8%.
Xcel Energy Price Performance
NASDAQ:XEL opened at $79.86 on Thursday. Xcel Energy has a one year low of $65.21 and a one year high of $84.23. The company has a market cap of $49.85 billion, a P/E ratio of 23.01, a P/E/G ratio of 2.07 and a beta of 0.41. The firm’s fifty day moving average price is $79.93 and its two-hundred day moving average price is $78.63. The company has a debt-to-equity ratio of 1.45, a current ratio of 0.77 and a quick ratio of 0.68.
Wall Street Analyst Weigh In
XEL has been the subject of a number of recent research reports. Wall Street Zen cut shares of Xcel Energy from a “hold” rating to a “sell” rating in a research report on Saturday, May 9th. KeyCorp boosted their target price on shares of Xcel Energy from $89.00 to $90.00 and gave the company an “overweight” rating in a research report on Tuesday, April 21st. Morgan Stanley set a $92.00 target price on shares of Xcel Energy in a research report on Tuesday, April 21st. Evercore reissued an “outperform” rating and issued a $96.00 target price on shares of Xcel Energy in a research report on Monday, May 4th. Finally, Truist Financial reduced their target price on shares of Xcel Energy from $95.00 to $92.00 and set a “buy” rating for the company in a research report on Monday. Three research analysts have rated the stock with a Strong Buy rating, thirteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Buy” and an average price target of $90.94.
View Our Latest Report on Xcel Energy
Xcel Energy Company Profile
Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.
Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.
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