Xcel Energy (XEL) Stock Forecast, Price & News

10 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Xcel Energy in the last year. There are currently 6 hold ratings and 4 buy ratings for the stock. The consensus among Wall Street research 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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10 analysts have issued 12 month price objectives for Xcel Energy's stock. Their XEL share price forecasts range from $67.00 to $78.00. On average, they expect the company's share price to reach $70.10 in the next year. This suggests a possible upside of 11.0% from the stock's current price.
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Xcel Energy's stock was trading at $70.11 at the beginning of 2023. Since then, XEL stock has decreased by 9.9% and is now trading at $63.14.
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The company is scheduled to release its next quarterly earnings announcement on Thursday, July 27th 2023.
View our XEL earnings forecast.

Xcel Energy Inc. (NASDAQ:XEL) announced its quarterly earnings data on Thursday, April, 27th. The company reported $0.76 earnings per share for the quarter, beating analysts' consensus estimates of $0.74 by $0.02. The company had revenue of $4.08 billion for the quarter, compared to analysts' expectations of $3.76 billion. Xcel Energy had a net margin of 11.34% and a trailing twelve-month return on equity of 10.78%. The firm's revenue for the quarter was up 8.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.70 EPS.
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Xcel Energy declared a quarterly dividend on Wednesday, May 24th. Shareholders of record on Thursday, June 15th will be given a dividend of $0.52 per share on Thursday, July 20th. This represents a $2.08 annualized dividend and a dividend yield of 3.29%. The ex-dividend date is Wednesday, June 14th.
Read our dividend analysis for XEL.

ETFs with the largest weight of Xcel Energy (NASDAQ:XEL) stock in their portfolio include Utilities Select Sector SPDR Fund (XLU), Invesco S&P 500 Equal Weight Utilities ETF (RYU), Fidelity MSCI Utilities Index ETF (FUTY), Invesco DWA Utilities Momentum ETF (PUI), Vanguard Utilities ETF (VPU), iShares U.S. Utilities ETF (IDU), First Trust EIP Carbon Impact ETF (ECLN) and Goldman Sachs Future Real Estate and Infrastructure Equity ETF (GREI).

Xcel Energy (NASDAQ:XEL) pays an annual dividend of $2.08 per share and currently has a dividend yield of 3.27%. 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 64.40%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, XEL will have a dividend payout ratio of 57.78% 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 Thursday, April, 27th. The company provided earnings per share guidance of $3.30-$3.40 for the period, compared to the consensus earnings per share estimate of $3.38. 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 retail and institutional investors. Top institutional shareholders include BlackRock Inc. (9.02%), JPMorgan Chase & Co. (5.67%), State Street Corp (5.39%), Aristotle Capital Management LLC (2.80%), Geode Capital Management LLC (2.23%) and Victory Capital Management Inc. (1.26%). 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 $63.14.

Xcel Energy (NASDAQ:XEL) has a market capitalization of $34.75 billion and generates $15.31 billion in revenue each year. The company earns $1.74 billion in net income (profit) each year or $3.23 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.