Xcel Energy (XEL) to Release Earnings on Thursday

Xcel Energy (NASDAQ:XEL) is set to post its quarterly earnings results before the market opens on Thursday, April 25th. Analysts expect Xcel Energy to post earnings of $0.83 per share for the quarter. Xcel Energy has set its FY24 guidance at $3.50-3.60 EPS.Parties that wish to listen to the company’s conference call can do so using this link.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, January 25th. The company reported $0.83 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.85 by ($0.02). The company had revenue of $3.44 billion for the quarter, compared to the consensus estimate of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The company’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.69 EPS. On average, analysts expect Xcel Energy to post $4 EPS for the current fiscal year and $4 EPS for the next fiscal year.

Xcel Energy Trading Up 0.6 %

Xcel Energy stock opened at $55.27 on Wednesday. The stock has a market cap of $30.70 billion, a P/E ratio of 17.22, a PEG ratio of 2.55 and a beta of 0.36. The company has a debt-to-equity ratio of 1.41, a current ratio of 0.72 and a quick ratio of 0.59. Xcel Energy has a 1 year low of $46.79 and a 1 year high of $71.32. The firm’s 50 day moving average price is $54.02 and its 200-day moving average price is $58.14.

Xcel Energy Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were given a dividend of $0.548 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.19 annualized dividend and a dividend yield of 3.97%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio (DPR) is presently 68.22%.

Wall Street Analysts Forecast Growth

XEL has been the topic of several recent analyst reports. Wells Fargo & Company lifted their price objective on shares of Xcel Energy from $63.00 to $64.00 and gave the company an “equal weight” rating in a research report on Friday, January 26th. Royal Bank of Canada raised their target price on shares of Xcel Energy from $67.00 to $68.00 and gave the company a “sector perform” rating in a report on Tuesday, January 30th. Wolfe Research raised shares of Xcel Energy from a “peer perform” rating to an “outperform” rating and set a $58.00 target price for the company in a report on Monday, March 11th. Barclays raised shares of Xcel Energy from an “equal weight” rating to an “overweight” rating and cut their target price for the company from $61.00 to $54.00 in a report on Monday, March 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. One analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $62.83.

Xcel Energy Company Profile

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.