Xcel Energy Inc (XEL) Announces $0.41 Quarterly Dividend

Xcel Energy Inc (NYSE:XEL) announced a quarterly dividend on Wednesday, May 15th, RTT News reports. Shareholders of record on Friday, June 14th will be given a dividend of 0.405 per share by the utilities provider on Saturday, July 20th. This represents a $1.62 annualized dividend and a dividend yield of 2.82%.

Xcel Energy has increased its dividend payment by an average of 6.0% per year over the last three years and has increased its dividend annually for the last 15 consecutive years. Xcel Energy has a dividend payout ratio of 65.6% indicating that its dividend is sufficiently covered by earnings.

Shares of Xcel Energy stock traded up $0.11 during trading on Wednesday, hitting $57.42. 273,646 shares of the stock traded hands, compared to its average volume of 3,331,230. Xcel Energy has a 52 week low of $41.99 and a 52 week high of $57.85.

Xcel Energy (NYSE:XEL) last announced its quarterly earnings data on Thursday, April 25th. The utilities provider reported $0.61 EPS for the quarter, meeting the consensus estimate of $0.61. The firm had revenue of $3.14 billion for the quarter, compared to the consensus estimate of $3.11 billion. Xcel Energy’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the company posted $0.57 earnings per share.

In other news, SVP Judy M. Poferl sold 8,953 shares of the firm’s stock in a transaction that occurred on Monday, March 11th. The stock was sold at an average price of $55.86, for a total value of $500,114.58. Following the completion of the transaction, the senior vice president now owns 8,855 shares in the company, valued at approximately $494,640.30. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Chairman Benjamin G. S. Fowke III sold 75,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 6th. The shares were sold at an average price of $55.13, for a total value of $4,134,750.00. The disclosure for this sale can be found here. Company insiders own 0.22% of the company’s stock.

Several equities research analysts have weighed in on the company. Zacks Investment Research upgraded Xcel Energy from a “hold” rating to a “buy” rating and set a $59.00 price objective for the company in a report on Monday, February 4th. Wolfe Research set a $57.00 price objective on Xcel Energy and gave the stock a “hold” rating in a report on Friday, April 26th. Five equities research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $53.14.

ILLEGAL ACTIVITY NOTICE: This news story was first posted by Slater Sentinel and is the sole property of of Slater Sentinel. If you are viewing this news story on another website, it was copied illegally and reposted in violation of US & international trademark and copyright law. The correct version of this news story can be accessed at https://slatersentinel.com/news/2019/05/15/xcel-energy-inc-xel-announces-0-41-quarterly-dividend.html.

About Xcel Energy

Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

Featured Article: Lock-Up Period Expiration

Dividend History for Xcel Energy (NYSE:XEL)

Receive News & Ratings for Xcel Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Xcel Energy and related companies with MarketBeat.com's FREE daily email newsletter.