Quarterly Dividend of $0.27 Planned by Xcel Energy Inc. (XEL)
Xcel Energy (NYSE:XEL) announced a quarterly dividend on Wednesday, December 12th. Investors of record on Thursday, December 27th will be paid a dividend of $0.27 per share on Sunday, January 20th. This represents a $1.08 annualized dividend and a dividend yield of 3.96%.
XEL has been the subject of a number of recent research reports. Analysts at Macquarie downgraded shares of Xcel Energy from an “outperform” rating to a “neutral” rating in a research note to investors on Wednesday. They now have a $28.00 price target on the stock. On a related note, analysts at Goldman Sachs initiated coverage on shares of Xcel Energy in a research note to investors on Wednesday. They set a “neutral” rating and a $29.00 price target on the stock. They noted that the move was a valuation call. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Xcel Energy in a research note to investors on Friday, December 7th. They now have a $29.00 price target on the stock.
Shares of Xcel Energy (XEL) traded down 0.26% during mid-day trading on Wednesday, hitting $27.21. Xcel Energy (XEL) has a one year low of $25.83 and a one year high of $29.92. The company has a market cap of $13.268 billion and a P/E ratio of 14.68.
Xcel Energy last issued its quarterly earnings data on Thursday, October 25th. The company reported $0.81 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.72 by $0.09. The company’s revenue for the quarter was down 3.8% on a year-over-year basis. On average, analysts predict that Xcel Energy (XEL) will post $1.80 earnings per share for the current fiscal year.
Xcel Energy Inc. (Xcel Energy), incorporated in 1909, is a holding company, with subsidiaries engaged primarily in the utility business.
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