Xcel Energy (XEL) Announces Quarterly Dividend of $0.27
Xcel Energy (NYSE:XEL) announced a quarterly dividend on Wednesday, February 20th. Stockholders of record on Thursday, March 21st will be paid a dividend of $0.27 per share on Saturday, April 20th. This represents a $1.08 annualized dividend and a dividend yield of 3.82%.
Several analysts have also recently commented on the stock. Analysts at Zacks reiterated a “neutral” rating on shares of Xcel Energy in a research note to investors on Friday, February 1st. They now have a $29.00 price target on the stock. On a related note, analysts at Jefferies Group cut their price target on shares of Xcel Energy from $29.50 to $28.00 in a research note to investors on Friday, February 1st. They now have a “hold” rating on the stock. Finally, analysts at BMO Capital Markets reiterated a “market perform” rating on shares of Xcel Energy in a research note to investors on Friday, February 1st. They now have a $28.00 price target on the stock, up previously from $26.00.
Two research analysts have rated the stock with a buy rating, two have assigned an overweight rating, and fourteen have issued a hold rating to the company. Xcel Energy presently has a consensus rating of “hold” and an average target price of $28.79.
Xcel Energy (XEL) traded down 0.14% on Wednesday, hitting $28.26. Xcel Energy (XEL) has a 1-year low of $25.84 and a 1-year high of $29.92. The stock’s 50-day moving average is currently $27.51. The company has a market cap of $13.780 billion and a price-to-earnings ratio of 15.27.
Xcel Energy last released its earnings data on Thursday, January 31st. The company reported $0.29 EPS for the quarter, beating the Thomson Reuters consensus estimate of $0.28 by $0.01. The company had revenue of $2.55 billion for the quarter, compared to the consensus estimate of $2.93 billion. During the same quarter in the prior year, the company posted $0.29 earnings per share. The company’s quarterly revenue was down .7% on a year-over-year basis. Analysts expect that Xcel Energy (XEL) will post $1.90 EPS 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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