Xcel Energy (NASDAQ:XEL – Get Free Report) issued its quarterly earnings results on Thursday. The company reported $0.88 earnings per share for the quarter, topping the consensus estimate of $0.80 by $0.08, Briefing.com reports. The business had revenue of $3.65 billion for the quarter, compared to analysts’ expectations of $4.12 billion. Xcel Energy had a net margin of 12.47% and a return on equity of 10.78%. The company’s revenue was down 10.6% compared to the same quarter last year. During the same quarter last year, the company posted $0.76 EPS. 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 XEL stock traded down $1.05 on Friday, reaching $53.96. The company’s stock had a trading volume of 6,334,147 shares, compared to its average volume of 5,418,778. The stock’s fifty day simple moving average is $53.88 and its 200-day simple moving average is $58.10. Xcel Energy has a 1 year low of $46.79 and a 1 year high of $70.72. The company has a market capitalization of $29.97 billion, a price-to-earnings ratio of 16.88, a price-to-earnings-growth ratio of 2.43 and a beta of 0.36. The company has a current ratio of 0.72, a quick ratio of 0.59 and a debt-to-equity ratio of 1.41.
Xcel Energy Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Saturday, April 20th. Stockholders of record on Friday, March 15th were given a dividend of $0.548 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.52. This represents a $2.19 dividend on an annualized basis and a dividend yield of 4.06%. The ex-dividend date was Thursday, March 14th. Xcel Energy’s dividend payout ratio is currently 68.22%.
Wall Street Analysts Forecast Growth
Read Our Latest Analysis on Xcel Energy
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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