Xcel Energy (XEL) Scheduled to Post Quarterly Earnings on Thursday

Xcel Energy (NASDAQ:XEL) is scheduled 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.Individual that wish to listen to the company’s earnings conference call can do so using this link.

Xcel Energy (NASDAQ:XEL) last issued its earnings results on Thursday, January 25th. The company reported $0.83 EPS for the quarter, missing analysts’ consensus estimates of $0.85 by ($0.02). The firm had revenue of $3.44 billion during the quarter, compared to analysts’ expectations of $4.01 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. Xcel Energy’s quarterly revenue was down 15.1% on a year-over-year basis. During the same quarter in the prior year, the company 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 Price Performance

Shares of NASDAQ XEL opened at $54.96 on Tuesday. The business’s 50 day moving average price is $54.08 and its 200 day moving average price is $58.15. The firm has a market cap of $30.53 billion, a P/E ratio of 17.12, a P/E/G ratio of 2.55 and a beta of 0.36. Xcel Energy has a 52 week low of $46.79 and a 52 week high of $71.32. The company has a quick ratio of 0.59, a current ratio of 0.72 and a debt-to-equity ratio of 1.41.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Investors of record on Friday, March 15th were given a $0.548 dividend. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $2.19 dividend on an annualized basis and a yield of 3.99%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio is currently 68.22%.

Analyst Ratings Changes

A number of brokerages have issued reports on XEL. TheStreet downgraded Xcel Energy from a “b-” rating to a “c+” rating in a report on Thursday, March 14th. JPMorgan Chase & Co. decreased their price target on Xcel Energy from $68.00 to $59.00 and set a “neutral” rating for the company in a report on Wednesday, March 13th. Barclays raised Xcel Energy from an “equal weight” rating to an “overweight” rating and decreased their price target for the company from $61.00 to $54.00 in a report on Monday, March 11th. KeyCorp reduced their target price on Xcel Energy from $68.00 to $65.00 and set an “overweight” rating for the company in a research note on Friday. Finally, Royal Bank of Canada upped their target price on Xcel Energy from $67.00 to $68.00 and gave the stock a “sector perform” rating in a research note on Tuesday, January 30th. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and an average price target of $62.83.

About Xcel Energy

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.