Xcel Energy (XEL) Declares $0.52 Dividend
Xcel Energy said on May 24, 2023 that its board of directors declared a regular quarterly dividend of $0.52 per share ($2.08 annualized). Previously, the company paid $0.52 per share.
Shares must be purchased before the ex-div date of June 14, 2023 to qualify for the dividend. Shareholders of record as of June 15, 2023 will receive the payment on July 20, 2023.
At the current share price of $64.30 / share, the stock's dividend yield is 3.23%.
Looking back five years and taking a sample every week, the average dividend yield has been 2.79%, the lowest has been 2.30%, and the highest has been 3.61%. The standard deviation of yields is 0.25 (n=237).
The current dividend yield is 1.82 standard deviations above the historical average.
Additionally, the company's dividend payout ratio is 0.65. The payout ratio tells us how much of a company's income is paid out in dividends. A payout ratio of one (1.0) means 100% of the company's income is paid in a dividend. A payout ratio greater than one means the company is dipping into savings in order to maintain its dividend - not a healthy situation. Companies with few growth prospects are expected to pay out most of their income in dividends, which typically means a payout ratio between 0.5 and 1.0. Companies with good growth prospects are expected to retain some earnings in order to invest in those growth prospects, which translates to a payout ratio of zero to 0.5.
The company's 3-Year dividend growth rate is 0.21%, demonstrating that it has increased its dividend over time.
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What is the Fund Sentiment?
There are 1820 funds or institutions reporting positions in Xcel Energy. This is an increase of 22 owner(s) or 1.22% in the last quarter. Average portfolio weight of all funds dedicated to XEL is 0.32%, an increase of 3.29%. Total shares owned by institutions increased in the last three months by 2.17% to 518,006K shares. 
The put/call ratio of XEL is 0.38, indicating a bullish outlook.
Analyst Price Forecast Suggests 16.52% Upside
As of May 11, 2023, the average one-year price target for Xcel Energy is 74.92. The forecasts range from a low of 67.67 to a high of $81.90. The average price target represents an increase of 16.52% from its latest reported closing price of 64.30.
See our leaderboard of companies with the largest price target upside.
The projected annual revenue for Xcel Energy is 14,562MM, a decrease of 6.89%. The projected annual non-GAAP EPS is 3.41.
What are Other Shareholders Doing?
Jpmorgan Chase holds 31,200K shares representing 5.67% ownership of the company. In it's prior filing, the firm reported owning 32,355K shares, representing a decrease of 3.70%. The firm decreased its portfolio allocation in XEL by 89.24% over the last quarter.
VTSMX - Vanguard Total Stock Market Index Fund Investor Shares holds 16,633K shares representing 3.02% ownership of the company. In it's prior filing, the firm reported owning 16,307K shares, representing an increase of 1.96%. The firm increased its portfolio allocation in XEL by 3.19% over the last quarter.
Aristotle Capital Management holds 15,417K shares representing 2.80% ownership of the company. In it's prior filing, the firm reported owning 15,714K shares, representing a decrease of 1.93%. The firm decreased its portfolio allocation in XEL by 6.87% over the last quarter.
T. Rowe Price Investment Management holds 15,138K shares representing 2.75% ownership of the company. In it's prior filing, the firm reported owning 8,228K shares, representing an increase of 45.64%. The firm increased its portfolio allocation in XEL by 65.35% over the last quarter.
Massachusetts Financial Services holds 13,361K shares representing 2.43% ownership of the company. In it's prior filing, the firm reported owning 11,208K shares, representing an increase of 16.12%. The firm decreased its portfolio allocation in XEL by 82.76% over the last quarter.
Xcel Energy Background Information
(This description is provided by the company.)
Xcel Energy provides the energy that powers millions of homes and businesses across eight Western and Midwestern states. Headquartered in Minneapolis, the company is an industry leader in responsibly reducing carbon emissions and producing and delivering clean energy solutions from a variety of renewable sources at competitive prices.
Key filings for this company:
This story originally appeared on Fintel.