Xcel Energy, Inc. [XEL] stock prices are down -1.91% to $51.90 at the moment. In order to assess the stock’s recent performance, you can check whether its short-term value is rising or falling. The XEL shares have gain 6.68% over the last week, with a monthly amount drifted -10.78%, and not seem to be holding up well over a long-time horizon.
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On 7, March 2024, Statement from Xcel Energy regarding wildfires in the Texas Panhandle. In a post published today on Yahoo Finance, Xcel Energy (XEL) issued the following statement regarding the wildfires in the Texas Panhandle:.
From an analyst’s perspective:
Xcel Energy, Inc. [NASDAQ: XEL] stock has seen the most recent analyst activity on March 11, 2024, when Wolfe Research upgraded its rating to a Outperform but kept the price target unchanged to $58 for it. Previously, Barclays upgraded its rating to Overweight on March 11, 2024, and dropped its price target to $54. On October 06, 2023, upgrade upgraded it’s rating to Buy and revised its price target to $66 on the stock. Barclays started tracking the stock assigning a Equal Weight rating and suggested a price target of $60 on August 24, 2023. BofA Securities downgraded its rating to a Neutral and reduced its price target to $60 on August 22, 2023. BMO Capital Markets downgraded its rating to Market Perform for this stock on June 21, 2023. In a note dated June 08, 2023, Goldman initiated an Buy rating and provided a target price of $75 on this stock.
The stock price of Xcel Energy, Inc. [XEL] has been fluctuating between $46.79 and $71.96 over the past year. Currently, Wall Street analysts expect the stock to reach $74.5 within the next 12 months. Xcel Energy, Inc. [NASDAQ: XEL] shares were valued at $51.90 at the most recent close of the market. An investor can expect a potential return of 43.55% based on the average XEL price forecast.
Analyzing the XEL fundamentals
The Xcel Energy, Inc. [NASDAQ:XEL] reported sales of 14.21B for trailing twelve months, representing a drop of -14.97%. Gross Profit Margin for this corporation currently stands at 0.37% with Operating Profit Margin at 0.18%, Pretax Profit Margin comes in at 0.11%, and Net Profit Margin reading is 0.12%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.1 and Total Capital is 0.04. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of1.49.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 51.36 points at the first support level, and at 50.82 for the second support level. However, for the 1st resistance point, the stock is sitting at 52.72, and for the 2nd resistance point, it is at 53.54.
Xcel Energy, Inc. [XEL] reported earnings per share of $0.87 for its fiscal quarter that ended on 12/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of $0.85/share, meaning a difference of $0.02 and a surprise factor of 2.40%. By comparison, the stated earnings for the previous quarter ended on 9/29/2023 were $1.23 per share as compared to estimates of $1.26 per share, a difference of -$0.03 representing a surprise of -2.40%.
Ratios To Look Out For
It’s worth pointing out that Xcel Energy, Inc. [NASDAQ:XEL]’s Current Ratio is 0.72. In addition, the Quick Ratio stands at 0.59 and the Cash Ratio stands at 0.02. Considering the valuation of this stock, the price to sales ratio is 2.03, the price to book ratio is 1.63 and price to earnings (TTM) ratio is 16.18.
Transactions by insiders
Recent insider trading involved Carter Brett C, EVP, Group President Utilitie, that happened on May 01 ’23 when 30000.0 shares were sold. EVP, Chief Operations Officer, O’Connor Timothy John completed a deal on Apr 28 ’23 to sell 15625.0 shares.
