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

Xcel Energy (NASDAQ:XEL) is expected to announce its earnings results before the market opens on Thursday, February 6th. Analysts expect the company to announce earnings of $0.87 per share and revenue of $3.77 billion for the quarter. Persons interested in listening to the company’s earnings conference call can do so using this link.

Xcel Energy Trading Up 0.8 %

Shares of Xcel Energy stock opened at $67.75 on Tuesday. The company has a 50-day moving average of $67.85 and a two-hundred day moving average of $64.61. The stock has a market cap of $38.90 billion, a PE ratio of 20.10, a price-to-earnings-growth ratio of 2.54 and a beta of 0.43. The company has a current ratio of 0.93, a quick ratio of 0.82 and a debt-to-equity ratio of 1.42. Xcel Energy has a 12-month low of $46.79 and a 12-month high of $73.38.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Stockholders of record on Monday, January 6th were given a $0.5475 dividend. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 annualized dividend and a dividend yield of 3.23%. Xcel Energy’s dividend payout ratio is presently 64.99%.

Analysts Set New Price Targets

XEL has been the subject of several recent analyst reports. Jefferies Financial Group raised shares of Xcel Energy from a “hold” rating to a “buy” rating and lifted their target price for the stock from $71.00 to $76.00 in a research note on Friday, November 1st. Wells Fargo & Company upgraded Xcel Energy from an “equal weight” rating to an “overweight” rating and raised their target price for the company from $70.00 to $72.00 in a report on Monday, January 13th. JPMorgan Chase & Co. raised shares of Xcel Energy from a “neutral” rating to an “overweight” rating and upped their price objective for the company from $69.00 to $80.00 in a research report on Thursday, December 12th. Barclays reduced their target price on Xcel Energy from $71.00 to $69.00 and set an “overweight” rating for the company in a research note on Wednesday, January 22nd. Finally, Morgan Stanley decreased their price target on Xcel Energy from $74.00 to $72.00 and set an “equal weight” rating for the company in a research note on Friday, November 22nd. Three research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $69.64.

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.