Xcel Energy (XEL) Expected to Announce Quarterly Earnings on Thursday

Xcel Energy (NASDAQ:XEL) is anticipated to issue its quarterly earnings data 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 registering for the company’s earnings conference call can do so using this link.

Xcel Energy Price Performance

Shares of XEL stock opened at $67.32 on Wednesday. Xcel Energy has a 52-week low of $46.79 and a 52-week high of $73.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93. The stock has a market cap of $38.66 billion, a PE ratio of 19.98, a PEG ratio of 2.54 and a beta of 0.43. The firm’s 50 day moving average price is $67.77 and its two-hundred day moving average price is $64.69.

Xcel Energy Cuts Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were issued a dividend of $0.5475 per share. This represents a $2.19 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date was Monday, January 6th. Xcel Energy’s dividend payout ratio is currently 64.99%.

Wall Street Analysts Forecast Growth

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