A number of research firms have changed their ratings and price targets for Xcel Energy (NYSE: XEL):
Shares of Xcel Energy Inc. (NYSE:XEL) traded up 0.58% on Wednesday, reaching $39.68. 532,368 shares of the company’s stock were exchanged. Xcel Energy Inc. has a one year low of $34.33 and a one year high of $45.42. The company has a 50 day moving average price of $41.39 and a 200 day moving average price of $41.94. The firm has a market cap of $20.16 billion, a PE ratio of 18.81 and a beta of 0.13.
Xcel Energy (NYSE:XEL) last released its earnings results on Wednesday, August 3rd. The company reported $0.39 earnings per share for the quarter, missing the consensus estimate of $0.40 by $0.01. The firm earned $2.50 billion during the quarter, compared to analysts’ expectations of $2.52 billion. Xcel Energy had a net margin of 9.92% and a return on equity of 10.10%. The business’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the business earned $0.39 EPS. Analysts expect that Xcel Energy Inc. will post $2.20 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Thursday, October 20th. Stockholders of record on Thursday, September 15th will be given a $0.34 dividend. The ex-dividend date is Tuesday, September 13th. This represents a $1.36 annualized dividend and a dividend yield of 3.45%. Xcel Energy’s dividend payout ratio (DPR) is presently 64.46%.