The stock of Xcel Energy, Inc. (NASDAQ: XEL) has decreased by -2.95 when compared to last closing price of 59.75.Despite this, the company has seen a gain of 0.52% in its stock price over the last five trading days. seekingalpha.com reported 2024-08-01 that The bull run continues for SPY in July, with the ETF adding 1.21% to its year-to-date return. After breaking a 3-month winning streak in June the watchlist comes back strong in July posting a gain of 5.72%. The top 10 stocks on the watchlist for August 2024 offer a 3.66% dividend yield, more than double the S&P 500.
Is It Worth Investing in Xcel Energy, Inc. (NASDAQ: XEL) Right Now?
The price-to-earnings ratio for Xcel Energy, Inc. (NASDAQ: XEL) is above average at 17.33x, Company’s 36-month beta value is 0.38.Analysts have differing opinions on the stock, with 1 analysts rating it as a “buy,” 3 as “overweight,” 9 as “hold,” and 0 as “sell.”
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The public float for XEL is 555.43M, and currently, short sellers hold a 1.52% ratio of that floaft. The average trading volume of XEL on August 06, 2024 was 3.26M shares.
XEL’s Market Performance
The stock of Xcel Energy, Inc. (XEL) has seen a 0.52% increase in the past week, with a 10.06% rise in the past month, and a 6.89% gain in the past quarter. The volatility ratio for the week is 3.86%, and the volatility levels for the past 30 days are at 2.31% for XEL. The simple moving average for the last 20 days is 4.05% for XEL’s stock, with a simple moving average of 1.88% for the last 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 5.94% 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 -9.74% of loss for the given period.
Volatility was left at 2.31%, however, over the last 30 days, the volatility rate increased by 3.86%, as shares surge +11.28% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +4.45% upper at present.
During the last 5 trading sessions, XEL rose by +0.52%, which changed the moving average for the period of 200-days by -2.55% in comparison to the 20-day moving average, which settled at $56.03. In addition, Xcel Energy, Inc. saw -6.33% 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:
- 0.2 for the present operating margin
- 0.3 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 10.64, with 2.86 for asset returns.
Based on Xcel Energy, Inc. (XEL), the company’s capital structure generated 0.62 points at debt to capital in total, while cash flow to debt ratio is standing at 0.17. The debt to equity ratio resting at 1.65. The interest coverage ratio of the stock is 2.46.
Currently, EBITDA for the company is 5.04 billion with net debt to EBITDA at 5.32. When we switch over and look at the enterprise to sales, we see a ratio of 4.44. The receivables turnover for the company is 6.95for trailing twelve months and the total asset turnover is 0.2. The liquidity ratio also appears to be rather interesting for investors as it stands at 0.97.
Conclusion
In a nutshell, Xcel Energy, Inc. (XEL) has experienced a mixed performance in recent times. The stock has received mixed “buy” and “hold” ratings from analysts. It is worth mentioning that the stock is currently trading in close proximity to its 50-day moving average and its 52-week high.
