The price-to-earnings ratio for Xcel Energy, Inc. (NASDAQ: XEL) is above average at 17.63x. The 36-month beta value for XEL is also noteworthy at 0.37. There are mixed opinions on the stock, with 1 analysts rating it as a “buy,” 3 rating it as “overweight,” 9 rating it as “hold,” and 0 rating it as “sell.”
The public float for XEL is 553.58M, and at present, short sellers hold a 1.52% of that float. The average trading volume of XEL on July 31, 2024 was 3.29M shares.
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XEL) stock’s latest price update
The stock price of Xcel Energy, Inc. (NASDAQ: XEL) has surged by 1.63 when compared to previous closing price of 57.69, but the company has seen a 6.33% gain in its stock price over the last five trading sessions. zacks.com reported 2024-07-30 that Evaluate the expected performance of Xcel (XEL) for the quarter ended June 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
XEL’s Market Performance
Xcel Energy, Inc. (XEL) has seen a 6.33% rise in stock performance for the week, with a 9.77% gain in the past month and a 7.62% surge in the past quarter. The volatility ratio for the week is 1.97%, and the volatility levels for the past 30 days are at 1.82% for XEL. The simple moving average for the past 20 days is 7.58% for XEL’s stock, with a 3.01% simple moving average for the past 200 days.
Analysts’ Opinion of XEL
Many brokerage firms have already submitted their reports for XEL stocks, with Wolfe Research repeating the rating for XEL by listing it as a “Outperform.” The predicted price for XEL in the upcoming period, according to Wolfe Research is $58 based on the research report published on March 11, 2024 of the current year 2024.
Barclays, on the other hand, stated in their research note that they expect to see XEL reach a price target of $54, previously predicting the price at $61. The rating they have provided for XEL stocks is “Overweight” according to the report published on March 11th, 2024.
BofA Securities gave a rating of “Buy” to XEL, setting the target price at $66 in the report published on October 06th of the previous year.
XEL Trading at 7.56% from the 50-Day Moving Average
After a stumble in the market that brought XEL to its low price for the period of the last 52 weeks, the company was unable to rebound, for now settling with -8.74% of loss for the given period.
Volatility was left at 1.82%, however, over the last 30 days, the volatility rate increased by 1.97%, as shares surge +11.83% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.98% upper at present.
During the last 5 trading sessions, XEL rose by +6.33%, which changed the moving average for the period of 200-days by -0.31% in comparison to the 20-day moving average, which settled at $54.81. In addition, Xcel Energy, Inc. saw -5.30% in overturn over a single year, with a tendency to cut further losses.
Insider Trading
Reports are indicating that there were more than several insider trading activities at XEL starting from O’Connor Timothy John, who sale 17,563 shares at the price of $55.77 back on May 20 ’24. After this action, O’Connor Timothy John now owns 0 shares of Xcel Energy, Inc., valued at $979,471 using the latest closing price.
Stock Fundamentals for XEL
Current profitability levels for the company are sitting at:
- 0.19 for the present operating margin
- 0.34 for the gross margin
The net margin for Xcel Energy, Inc. stands at 0.13. The total capital return value is set at 0.04. Equity return is now at value 10.62, with 2.91 for asset returns.
Based on Xcel Energy, Inc. (XEL), the company’s capital structure generated 0.61 points at debt to capital in total, while cash flow to debt ratio is standing at 0.18. The debt to equity ratio resting at 1.55. The interest coverage ratio of the stock is 2.57.
Currently, EBITDA for the company is 5.04 billion with net debt to EBITDA at 5.36. When we switch over and look at the enterprise to sales, we see a ratio of 4.4. The receivables turnover for the company is 6.23for trailing twelve months and the total asset turnover is 0.21. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.86.
Conclusion
In summary, Xcel Energy, Inc. (XEL) has had a mixed performance as of late. Analysts have mixed opinions on the stock, with some viewing it as a “buy” and others as a “hold”. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
