Xcel Energy, Inc. (NASDAQ: XEL)’s stock price has increased by 2.23 compared to its previous closing price of 60.12. However, the company has seen a 2.18% increase in its stock price over the last five trading sessions. seekingalpha.com reported 2024-08-23 that Xcel Energy is the 9th largest US utility, with a market cap of $33.4 billion. Its markets include the major cities of Denver and Minneapolis. The company faces unknown wildfire liabilities in Texas and Colorado that will go to trial in 2025. I believe these liabilities will have a controlled, moderate impact on valuation. XEL has now implemented proactive fire prevention measures, including AI cameras and undergrounding wires, to help with its west of Mississippi location.
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 18.36x, Company’s 36-month beta value is 0.40.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 555.23M, and currently, short sellers hold a 1.43% ratio of that floaft. The average trading volume of XEL on August 27, 2024 was 3.12M shares.
XEL’s Market Performance
XEL stock saw an increase of 2.18% in the past week, with a monthly gain of 7.15% and a quarterly increase of 14.41%. The volatility ratio for the week is 1.19%, and the volatility levels for the last 30 days are 2.10% for Xcel Energy, Inc. (XEL). The simple moving average for the past 20 days is 4.22% for XEL’s stock, with a 8.04% simple moving average for the past 200 days.
Analysts’ Opinion of XEL
Wolfe Research, on the other hand, stated in their research note that they expect to see XEL reach a price target of $58. The rating they have provided for XEL stocks is “Outperform” according to the report published on March 11th, 2024.
Barclays gave a rating of “Overweight” to XEL, setting the target price at $54 in the report published on March 11th of the current year.
XEL Trading at 9.68% 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 -4.33% of loss for the given period.
Volatility was left at 2.10%, however, over the last 30 days, the volatility rate increased by 1.19%, as shares surge +6.53% for the moving average over the last 20 days. Over the last 50 days, in opposition, the stock is trading +13.10% upper at present.
During the last 5 trading sessions, XEL rose by +2.18%, which changed the moving average for the period of 200-days by +2.72% in comparison to the 20-day moving average, which settled at $59.16. In addition, Xcel Energy, Inc. saw -0.73% 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 Prager Frank P, who sale 2,041 shares at the price of $59.50 back on Aug 16 ’24. After this action, Prager Frank P now owns 28,705 shares of Xcel Energy, Inc., valued at $121,440 using the latest closing price.
O’Connor Timothy John, the EVP, Chief Operations Officer of Xcel Energy, Inc., sale 17,563 shares at $55.77 during a trade that took place back on May 20 ’24, which means that O’Connor Timothy John is holding 0 shares at $979,471 based on the most recent 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 4.58. 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 better 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.
