Xcel Energy (XEL) to Release Earnings on Thursday

Xcel Energy (NASDAQ:XEL) will likely be posting its quarterly earnings results before the market opens on Thursday, February 6th. Analysts expect Xcel Energy to post earnings of $0.87 per share and revenue of $3.77 billion for the quarter. Parties interested in registering for the company’s conference call can do so using this link.

Xcel Energy (NASDAQ:XEL) last announced its quarterly earnings results on Thursday, October 31st. The company reported $1.25 earnings per share for the quarter, missing analysts’ consensus estimates of $1.26 by ($0.01). The company had revenue of $3.64 billion during the quarter, compared to analyst estimates of $3.93 billion. Xcel Energy had a net margin of 13.67% and a return on equity of 10.76%. The firm’s revenue for the quarter was down .5% compared to the same quarter last year. During the same quarter last year, the business earned $1.23 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 Stock Performance

Shares of NASDAQ:XEL opened at $66.07 on Thursday. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82. Xcel Energy has a 12 month low of $46.79 and a 12 month high of $73.38. The firm has a market capitalization of $37.94 billion, a PE ratio of 19.61, a P/E/G ratio of 2.53 and a beta of 0.42. The business has a 50-day moving average of $68.10 and a two-hundred day moving average of $64.34.

Xcel Energy Cuts Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, January 29th. Investors of record on Monday, January 6th were given a dividend of $0.5475 per share. The ex-dividend date of this dividend was Monday, January 6th. This represents a $2.19 dividend on an annualized basis and a yield of 3.31%. Xcel Energy’s dividend payout ratio (DPR) is 64.99%.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on XEL. JPMorgan Chase & Co. upgraded Xcel Energy from a “neutral” rating to an “overweight” rating and raised their price objective for the company from $69.00 to $80.00 in a research note on Thursday, December 12th. KeyCorp upped their target price on shares of Xcel Energy from $74.00 to $79.00 and gave the company an “overweight” rating in a research note on Wednesday, December 4th. 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. Barclays cut their price objective 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. Finally, Jefferies Financial Group upgraded 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 report on Friday, November 1st. Four equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $69.50.

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.