Xcel Energy (NASDAQ:XEL) Posts Quarterly Earnings Results

Key Points

• Xcel Energy reported a quarterly EPS of $0.75, exceeding estimates by $0.09, while revenue was $3.29 billion, slightly below forecasts.
• The company announced a quarterly dividend of $0.57 per share, with a dividend yield of 3.1% and a payout ratio of 63.16%.
• Several analysts raised their target prices for Xcel Energy shares, with a consensus average target of $76.00, suggesting positive sentiment in the market.

Xcel Energy (NASDAQ:XEL - Get Free Report) issued its earnings results on Thursday. The company reported $0.75 EPS for the quarter, beating the consensus estimate of $0.66 by $0.09, Zacks reports. The company had revenue of $3.29 billion during the quarter, compared to analysts' expectations of $3.31 billion. Xcel Energy had a net margin of 14.85% and a return on equity of 10.71%. The business's revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS. Xcel Energy updated its FY 2025 guidance to 3.750-3.850 EPS.

Xcel Energy Stock Up 0.0%

Shares of NASDAQ XEL traded up $0.03 during mid-day trading on Friday, hitting $73.47. The company had a trading volume of 4,004,104 shares, compared to its average volume of 2,782,631. The company has a market capitalization of $42.37 billion, a PE ratio of 20.35, a price-to-earnings-growth ratio of 2.47 and a beta of 0.34. The firm has a 50-day simple moving average of $69.18 and a two-hundred day simple moving average of $69.14. The company has a current ratio of 0.80, a quick ratio of 0.70 and a debt-to-equity ratio of 1.48. Xcel Energy has a one year low of $57.24 and a one year high of $74.13.

Xcel Energy Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, October 20th. Stockholders of record on Monday, September 15th will be issued a $0.57 dividend. The ex-dividend date is Monday, September 15th. This represents a $2.28 annualized dividend and a dividend yield of 3.1%. Xcel Energy's dividend payout ratio (DPR) is presently 63.16%.

Wall Street Analyst Weigh In

Several analysts have commented on XEL shares. Barclays upped their target price on shares of Xcel Energy from $72.00 to $73.00 and gave the company an "overweight" rating in a research report on Tuesday, April 22nd. BMO Capital Markets upped their target price on shares of Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research report on Wednesday, April 23rd. Mizuho upped their price objective on shares of Xcel Energy from $74.00 to $78.00 and gave the company an "outperform" rating in a research report on Friday. Morgan Stanley lowered their price objective on shares of Xcel Energy from $78.00 to $77.00 and set an "equal weight" rating for the company in a research report on Wednesday, June 18th. Finally, Evercore ISI upped their price objective on shares of Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $76.00.

Hedge Funds Weigh In On Xcel Energy

Several hedge funds have recently modified their holdings of XEL. Woodline Partners LP lifted its stake in Xcel Energy by 40.7% in the 1st quarter. Woodline Partners LP now owns 48,515 shares of the company's stock valued at $3,434,000 after purchasing an additional 14,029 shares during the last quarter. Empowered Funds LLC lifted its stake in Xcel Energy by 30.7% in the 1st quarter. Empowered Funds LLC now owns 13,810 shares of the company's stock valued at $978,000 after purchasing an additional 3,242 shares during the last quarter. Finally, Brighton Jones LLC acquired a new stake in Xcel Energy in the 4th quarter valued at about $240,000. Institutional investors own 78.38% of the company's stock.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.