As of Friday close, Xcel Energy Inc.’s (NASDAQ:XEL) stock was down -$0.93, moving down -1.52 percent to $60.39. The average number of shares traded per day over the past five days has been 3,605,340 shares. 1 time new highs have been achieved over the past 5 days, with a -$2.50 fall in that time frame. In the last twenty days, the average volume was 3,714,770, while in the previous 50 days, it was 3,902,354.
Since last month, XEL stock retreated -5.29%. Shares of the company fell to $60.19 on 08/04/23, the lowest level in the past month. A 52-week high of $77.66 was reached on 01/11/23 after having rallying from a 52-week low of $56.89. Since the beginning of this year, XEL’s stock price has dropped by -13.86% or -$9.72, and marked a new high 5 times. However, the stock has declined by -22.24% since its 52-week high.
XEL stock investors should be aware that Xcel Energy Inc. (XEL) stock had its last reported insider trading activity 96 days ago on May 01. Carter Brett C, the EVP, Group President Utilitie of the company, disposed of 30,000 shares for $70.53 on May 01. It resulted in a $2,115,921 divestment by the insider. O’Connor Timothy John sold 15,625 shares at an average price of $69.59 on Apr 28. The insider now owns 6,498 shares following the transaction. On Mar 09, SVP, Strategy, Security & Ext. Prager Frank P sold 737 shares at $65.00 apiece. The transaction was valued at $47,905.
Valuation Metrics
Right now, Xcel Energy Inc. (XEL) has a P/E ratio of about 18.68. The stock’s beta is 0.42. Besides these, the trailing price-to-sales (P/S) ratio of 2.12, the price-to-book (PB) ratio of 1.97.
The latest dividend of $0.52 per share was paid out, remained unchanged from last year’s $0.52. On Wednesday February 22 2023, a $0.0325 dividend increase was announced.
Financial Health
In the three months ended June 29, Xcel Energy Inc.’s quick ratio stood at 0.70, while its current ratio was 0.80, showing that the company is not able to pay off its debt. According to company report, the long-term debt-to-equity ratio for the quarter ending June 29 was 1.42, and the total debt-to-equity ratio was 1.52. On the profitability front, the trailing twelve-month gross margin is 86.60% percent. In the year ended June 29, EBITDA margin amounted to 32.61%, whereas operating margins totaled 15.60%. Based on annual data, XEL earned $2.43 billion in gross profit and brought in $15.31 billion in revenue.
A company’s management is another factor that investors consider when determining the profitability of an investment. In the past year, return on investment (ROI) was 6.20%. Return on equity (ROE) for the past 12 months was 10.40%.
In Xcel Energy Inc.’s quarter-end financial report for June 29, it reported total debt of $24.02 billion. According to the earnings report, the company had a lower net income in the recent quarter than it did in the previous quarter. XEL’s revenue fell -12.88% to $6.84 billion during the quarter, while net income inched up to $5.62 billion. While analysts expected Xcel Energy Inc. to report $0.56 quarterly earnings, the actual figure was $0.52 per share, beating the consensus estimate by -7.10%. During the quarter, the company generated $1.01 billion in EBITDA. The liabilities of Xcel Energy Inc. were 44.74 billion at the end of its most recent quarter ended June 29, and its total debt was $26.87 billion. The value of shareholders’ equity is $551.53 million.
Technical Picture
This quick technical analysis looks at Xcel Energy Inc.’s (XEL) price momentum. With a historical volatility rate of 18.46%, the RSI 9-day stood at 23.27% on 04 August.
With respect to its five-day moving average, the current Xcel Energy Inc. price is down by -3.98% percent or -$2.50. At present, XEL shares trade -4.04% below its 20-day simple moving average and -7.52% percent below its 100-day simple moving average. However, the stock is currently trading approximately -7.93% below its SMA50 and -0.35% below its SMA200.
Stochastic coefficient K was 8.46% and Stochastic coefficient D was 12.64%, while ATR was 1.20. Given the Stochastic reading of 3.59% for the 14-day period, the RSI (14) reading has been calculated as 31.14%. As of today, the MACD Oscillator reading stands at -1.35, while the 14-day reading stands at -1.84.
Analyst Ratings
Xcel Energy Inc. downgraded its rating on Xcel Energy Inc. (NASDAQ: XEL) to a Market perform in a note to investors on June 21, 2023. The analysts firm previously had an Outperform rating on the stock.Xcel Energy Inc. (XEL) has been rated Overweight by analysts. According to 0 brokerage firms, XEL is a sell, and 9 firms recommend it is a Hold. There are 1 analyst who say the stock is underweight. A total of 0 analysts rate Xcel Energy Inc. stock as buy, with 5 recommending it as overweight.
With a median target price of $70.00, the current consensus forecast for the stock is $64.00 – $76.00. Based on these forecasts, analysts predict Xcel Energy Inc. (XEL) will achieve an average price target of $69.83.
