Xcel Energy (XEL) Scheduled to Post Earnings on Thursday

Xcel Energy (NASDAQ:XELGet Rating) is scheduled to announce its earnings results before the market opens on Thursday, April 28th. Analysts expect the company to announce earnings of $0.71 per share for the quarter. Xcel Energy has set its FY22 guidance at $3.10-3.20 EPS.Individual that are interested in participating in the company’s earnings conference call can do so using this link.

Xcel Energy (NASDAQ:XELGet Rating) last issued its earnings results on Thursday, January 27th. The company reported $0.58 earnings per share for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.58. Xcel Energy had a return on equity of 10.60% and a net margin of 11.89%. The company had revenue of $3.36 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the prior year, the business earned $0.54 earnings per share. The company’s revenue was up 13.8% compared to the same quarter last year. On average, analysts expect Xcel Energy to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

Shares of NASDAQ XEL opened at $75.35 on Thursday. The company has a debt-to-equity ratio of 1.40, a current ratio of 0.84 and a quick ratio of 0.72. Xcel Energy has a 1-year low of $61.15 and a 1-year high of $75.78. The business has a 50-day moving average of $70.24 and a 200-day moving average of $67.68. The company has a market capitalization of $41.03 billion, a price-to-earnings ratio of 25.46, a PEG ratio of 3.69 and a beta of 0.36.

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 20th. Shareholders of record on Tuesday, March 15th were paid a dividend of $0.4875 per share. The ex-dividend date of this dividend was Monday, March 14th. This represents a $1.95 annualized dividend and a yield of 2.59%. This is a boost from Xcel Energy’s previous quarterly dividend of $0.46. Xcel Energy’s dividend payout ratio is presently 65.88%.

Several research firms have recently commented on XEL. Mizuho raised Xcel Energy from a “neutral” rating to a “buy” rating and upped their target price for the company from $64.00 to $72.00 in a report on Monday, January 10th. Morgan Stanley increased their price objective on Xcel Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Wednesday. KeyCorp increased their price objective on Xcel Energy from $78.00 to $79.00 and gave the stock an “overweight” rating in a report on Wednesday. Finally, Evercore ISI raised Xcel Energy from an “in-line” rating to an “outperform” rating and increased their price objective for the stock from $70.00 to $75.00 in a report on Tuesday, January 25th. Two research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat, Xcel Energy currently has an average rating of “Buy” and a consensus target price of $73.78.

A number of hedge funds and other institutional investors have recently bought and sold shares of XEL. Ulland Investment Advisors LLC acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $32,000. Neo Ivy Capital Management bought a new position in Xcel Energy in the 4th quarter worth approximately $80,000. NEXT Financial Group Inc raised its position in Xcel Energy by 150.3% in the 4th quarter. NEXT Financial Group Inc now owns 1,512 shares of the company’s stock worth $102,000 after purchasing an additional 908 shares during the last quarter. First Community Trust NA bought a new position in Xcel Energy in the 4th quarter worth approximately $122,000. Finally, Sequoia Financial Advisors LLC bought a new position in Xcel Energy in the 4th quarter worth approximately $235,000. Institutional investors own 74.43% of the company’s stock.

Xcel Energy Company Profile (Get Rating)

Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources.

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Earnings History for Xcel Energy (NASDAQ:XEL)

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