Xcel Energy (NASDAQ:XEL – Get Free Report) issued its earnings results on Thursday. The company reported $0.88 EPS for the quarter, topping the consensus estimate of $0.80 by $0.08, Briefing.com reports. The firm had revenue of $3.65 billion during the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a return on equity of 10.78% and a net margin of 12.47%. Xcel Energy’s quarterly revenue was down 10.6% compared to the same quarter last year. During the same period last year, the business earned $0.76 earnings per share. Xcel Energy updated its FY24 guidance to $3.50-3.60 EPS and its FY 2024 guidance to 3.500-3.600 EPS.
Xcel Energy Price Performance
Shares of NASDAQ XEL traded down $1.05 during trading on Friday, reaching $53.96. The company had a trading volume of 6,334,147 shares, compared to its average volume of 5,418,778. Xcel Energy has a 52 week low of $46.79 and a 52 week high of $70.72. The business’s 50 day moving average price is $53.88 and its 200-day moving average price is $58.10. The stock has a market cap of $29.97 billion, a PE ratio of 16.88, a PEG ratio of 2.43 and a beta of 0.36. The company has a debt-to-equity ratio of 1.41, a quick ratio of 0.59 and a current ratio of 0.72.
Xcel Energy Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Saturday, April 20th. Shareholders of record on Friday, March 15th were issued a dividend of $0.548 per share. The ex-dividend date was Thursday, March 14th. This represents a $2.19 dividend on an annualized basis and a yield of 4.06%. This is a positive change from Xcel Energy’s previous quarterly dividend of $0.52. Xcel Energy’s dividend payout ratio is currently 68.22%.
Analyst Upgrades and Downgrades
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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.
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