Xcel Energy Inc (NYSE:XEL) declared a quarterly dividend on Wednesday, May 15th, RTT News reports. Investors of record on Friday, June 14th will be given a dividend of 0.405 per share by the utilities provider on Saturday, July 20th. This represents a $1.62 annualized dividend and a dividend yield of 2.83%.

Xcel Energy has raised its dividend by an average of 6.0% per year over the last three years and has increased its dividend every year for the last 15 years. Xcel Energy has a dividend payout ratio of 65.6% meaning its dividend is sufficiently covered by earnings.

XEL stock opened at $57.22 on Thursday. Xcel Energy has a 52 week low of $41.99 and a 52 week high of $57.85.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings results on Thursday, April 25th. The utilities provider reported $0.61 earnings per share (EPS) for the quarter, hitting analysts’ consensus estimates of $0.61. The firm had revenue of $3.14 billion during the quarter, compared to the consensus estimate of $3.11 billion. Xcel Energy’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the business earned $0.57 EPS.

A number of equities research analysts have issued reports on XEL shares. Zacks Investment Research raised shares of Xcel Energy from a “hold” rating to a “buy” rating and set a $59.00 price target on the stock in a report on Monday, February 4th. Wolfe Research set a $57.00 price target on shares of Xcel Energy and gave the stock a “hold” rating in a report on Friday, April 26th. Five investment analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus target price of $53.14.

In other Xcel Energy news, Chairman Benjamin G. S. Fowke III sold 75,000 shares of Xcel Energy stock in a transaction dated Wednesday, March 6th. The shares were sold at an average price of $55.13, for a total value of $4,134,750.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Judy M. Poferl sold 8,953 shares of Xcel Energy stock in a transaction dated Monday, March 11th. The stock was sold at an average price of $55.86, for a total transaction of $500,114.58. Following the completion of the transaction, the senior vice president now directly owns 8,855 shares of the company’s stock, valued at $494,640.30. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

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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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Dividend History for Xcel Energy (NYSE:XEL)

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