Xcel Energy Inc (NYSE:XEL) declared a quarterly dividend on Wednesday, February 21st, RTT News reports. Shareholders of record on Thursday, March 15th will be paid a dividend of 0.38 per share by the utilities provider on Friday, April 20th. This represents a $1.52 annualized dividend and a yield of 3.48%. The ex-dividend date of this dividend is Wednesday, March 14th. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.36.
Xcel Energy has increased its dividend payment by an average of 6.4% annually over the last three years and has raised its dividend annually for the last 14 consecutive years. Xcel Energy has a payout ratio of 62.3% meaning its dividend is sufficiently covered by earnings. Equities research analysts expect Xcel Energy to earn $2.58 per share next year, which means the company should continue to be able to cover its $1.44 annual dividend with an expected future payout ratio of 55.8%.
Xcel Energy (XEL) opened at $43.66 on Tuesday. The company has a debt-to-equity ratio of 1.27, a quick ratio of 0.68 and a current ratio of 0.87. The company has a market capitalization of $22,170.00, a PE ratio of 18.98, a PEG ratio of 3.18 and a beta of 0.18. Xcel Energy has a fifty-two week low of $41.51 and a fifty-two week high of $52.22.
A number of research analysts have recently commented on the company. SunTrust Banks set a $43.00 price objective on Xcel Energy and gave the company a “hold” rating in a report on Monday, February 5th. ValuEngine raised Xcel Energy from a “hold” rating to a “buy” rating in a report on Sunday, December 31st. UBS Group assumed coverage on Xcel Energy in a report on Friday, February 2nd. They set a “neutral” rating and a $47.00 price objective on the stock. Morgan Stanley increased their price objective on Xcel Energy from $50.00 to $53.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Zacks Investment Research lowered Xcel Energy from a “hold” rating to a “sell” rating in a report on Friday. One analyst has rated the stock with a sell rating, eight have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $48.00.
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About Xcel Energy
Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.
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