Xcel Energy (NASDAQ:XEL) Issues FY 2024 Earnings Guidance

Xcel Energy (NASDAQ:XEL) issued an update on its FY 2024 earnings guidance on Thursday morning. The company provided EPS guidance of 3.500-3.600 for the period, compared to the consensus EPS estimate of 3.560. The company issued revenue guidance of -.

Xcel Energy Stock Performance

Shares of XEL stock opened at $58.28 on Thursday. The company has a debt-to-equity ratio of 1.48, a quick ratio of 0.74 and a current ratio of 0.86. The company has a market capitalization of $32.38 billion, a P/E ratio of 17.50, a price-to-earnings-growth ratio of 2.58 and a beta of 0.37. The company’s 50 day moving average price is $54.45 and its two-hundred day moving average price is $55.14. Xcel Energy has a 52 week low of $46.79 and a 52 week high of $64.25.

Xcel Energy Cuts Dividend

The business also recently announced a quarterly dividend, which was paid on Saturday, July 20th. Shareholders of record on Friday, June 14th were issued a dividend of $0.5475 per share. The ex-dividend date was Friday, June 14th. This represents a $2.19 annualized dividend and a yield of 3.76%. Xcel Energy’s dividend payout ratio (DPR) is currently 65.77%.

Analyst Ratings Changes

XEL has been the topic of several research analyst reports. StockNews.com upgraded shares of Xcel Energy from a sell rating to a hold rating in a report on Thursday, May 2nd. Bank of America raised their target price on shares of Xcel Energy from $63.00 to $66.00 and gave the stock a buy rating in a report on Monday, April 29th. Morgan Stanley lowered their price objective on shares of Xcel Energy from $65.00 to $62.00 and set an equal weight rating on the stock in a report on Monday, June 24th. KeyCorp lowered their price objective on shares of Xcel Energy from $68.00 to $65.00 and set an overweight rating on the stock in a report on Friday, April 19th. Finally, Barclays increased their price objective on shares of Xcel Energy from $56.00 to $57.00 and gave the stock an overweight rating in a research note on Tuesday, April 30th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, Xcel Energy presently has a consensus rating of Moderate Buy and a consensus target price of $62.00.

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.