Xcel Energy (XEL) Stock Forecast, Price & News

13 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Xcel Energy in the last twelve months. There are currently 9 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "hold" XEL shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in XEL, but not buy additional shares or sell existing shares.
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13 Wall Street research analysts have issued twelve-month target prices for Xcel Energy's stock. Their XEL share price forecasts range from $60.00 to $75.00. On average, they anticipate the company's stock price to reach $66.43 in the next year. This suggests a possible upside of 11.2% from the stock's current price.
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Xcel Energy's stock was trading at $70.11 on January 1st, 2023. Since then, XEL shares have decreased by 14.8% and is now trading at $59.73.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, October 26th 2023.
View our XEL earnings forecast.

Xcel Energy Inc. (NASDAQ:XEL) posted its quarterly earnings results on Thursday, July, 27th. The company reported $0.52 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.57 by $0.05. The company earned $3.02 billion during the quarter, compared to analyst estimates of $3.38 billion. Xcel Energy had a net margin of 11.38% and a trailing twelve-month return on equity of 10.39%. Xcel Energy's revenue for the quarter was down 11.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.60 earnings per share.
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Xcel Energy declared a quarterly dividend on Wednesday, August 23rd. Stockholders of record on Friday, September 15th will be given a dividend of $0.52 per share on Friday, October 20th. This represents a $2.08 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Thursday, September 14th.
Read our dividend analysis for XEL.

ETFs with the largest weight of Xcel Energy (NASDAQ:XEL) stock in their portfolio include Virtus Reaves Utilities ETF (UTES), Utilities Select Sector SPDR Fund (XLU), Invesco S&P 500 Equal Weight Utilities ETF (RSPU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Invesco Dorsey Wright Utilities Momentum ETF (PUI), Vanguard Utilities ETF (VPU), Fidelity MSCI Utilities Index ETF (FUTY) and First Trust EIP Carbon Impact ETF (ECLN).

Xcel Energy (NASDAQ:XEL) pays an annual dividend of $2.08 per share and currently has a dividend yield of 3.47%. The company has been increasing its dividend for 20 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 66.03%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, XEL will have a dividend payout ratio of 58.26% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for XEL.

Xcel Energy updated its FY 2023 earnings guidance on Friday, September, 15th. The company provided EPS guidance of $3.30-$3.40 for the period, compared to the consensus earnings per share estimate of $3.34. The company issued revenue guidance of -.

Xcel Energy trades on the NASDAQ under the ticker symbol "XEL."

Xcel Energy's stock is owned by a variety of institutional and retail investors. Top institutional investors include BlackRock Inc. (9.07%), JPMorgan Chase & Co. (5.52%), State Street Corp (5.41%), Aristotle Capital Management LLC (2.73%), Geode Capital Management LLC (2.30%) and Royal Bank of Canada (1.53%). Insiders that own company stock include Benjamin G S Fowke III, Benjamin G S Fowke III, Brett C Carter, Christopher B Clark, Darla Figoli, David T Hudson, Frank P Prager, Kim Williams and Timothy John O'connor.
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Shares of XEL stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of XEL stock can currently be purchased for approximately $59.73.

Xcel Energy (NASDAQ:XEL) has a market capitalization of $32.94 billion and generates $15.31 billion in revenue each year. The company earns $1.74 billion in net income (profit) each year or $3.15 on an earnings per share basis.

The company employs 11,982 workers across the globe.

Xcel Energy's mailing address is 414 NICOLLET MALL, MINNEAPOLIS MN, 55401. The official website for the company is www.xcelenergy.com. The company can be reached via phone at (612) 330-5500, via email at paul.a.johnson@xcelenergy.com, or via fax at 612-330-5688.