Xcel Energy Inc. (NASDAQ:XEL) finished Thursday with a subtraction of -$0.51 to close at $57.01, a downside of -0.89 percent. An average of 4,860,660 shares of common stock have been traded in the last five days. There was a fall of -$1.16 in the past week, and it reached a new high 6 times over the past 12 months. The last 20 days have seen an average of 3,878,400 shares traded, while the 50-day average volume stands at 3,883,264.
XEL stock has decreased by -12.36% in the last month. The company shares reached their 1-month lowest point of $56.68 on 08/24/23. With the stock rallying to its 52-week high on 01/11/23, shares of the company touched a low of $56.87 and a high of $77.66 in 52 weeks. It has reached a new high 5 times so far this year and lost -18.68% or -$13.10 in price. In spite of this, the price is down -26.59% from the 52-week high.
Insider Transactions
XEL stock investors should be aware that Xcel Energy Inc. (XEL) stock had its last reported insider trading activity 116 days ago on May 01. In this transaction, the insider spent $2,115,921. EVP, Chief Operations Officer, O’Connor Timothy John, disposed of 15,625 shares at a price of $69.59 on Apr 28. The insider now owns more than $1,087,333 worth of shares. Prior to that, SVP, Strategy, Security & Ext. Prager Frank P went on to Sale 737 shares at $65.00 each on Mar 09. An amount of $47,905 was transacted.
Valuation Metrics
Xcel Energy Inc. (XEL) has a trailing price-to-earnings (P/E) ratio of 18.08. The stock’s beta is 0.43. Other valuation ratios to consider include the trailing price-to-sales (P/S) ratio at 2.06, the price-to-book (PB) ratio at 1.86.
Financial Health
The quick ratio of Xcel Energy Inc. for the three months ended June 29 was 0.70, and the current ratio was 0.80, indicating that the company is not able to meet its debt obligations. Further, the company has a long term debt to equity ratio of 1.42 and a total debt to equity ratio of 1.52 for the quarter ending June 29. Xcel Energy Inc.’s EBITDA margin for the year ending June 29 is 32.61%, while its operating margin for the same period stands at 16.00%. Its gross profit as reported stood at $2.43 billion compared to revenue of $15.31 billion.
For investors, determining the potential profitability of the investment also depends on the performance of the company’s management. In the past 12 months, Xcel Energy Inc.’s return on assets was 2.80%.
Earnings Surprise
For the three-month period that ended June 29, Xcel Energy Inc. had $24.02 billion in total debt. In the quarter under review, the net income was down than the previous quarter. The company posted a net income of $288.0 million in the quarter, while revenues were shrunk -13.89%. The analyst consensus anticipated Xcel Energy Inc.’s latest quarter earnings to come in at $0.56 per share, but it turned out to be $0.52, a -7.10% surprise. For the quarter, EBITDA amounted to $1.01 billion. Shareholders own equity worth $551.53 million.
Technical Picture
From a technical analysis perspective, let’s take a brief look at Xcel Energy Inc. (XEL) price momentum. RSI 9-day as of the close on 24 August was 14.46%, suggesting the stock is oversold, with historical volatility in this time frame at 10.28%.
As of today, XEL’s price is $57.73 -1.99% or -$1.16 from its 5-day moving average. XEL is currently trading -9.32% lower than its 20-day SMA and -15.47% lower than its 100-day SMA. However, the stock’s current price level is -9.69% below the SMA50 and -13.03% below the SMA200.
The stochastic %K and %D were 11.30% and 11.06%, respectively, and the average true range (ATR) was 1.02. With the 14-day stochastic at 8.26% and the average true range at 1.04, the RSI (14) stands at 21.30%. The stock has reached -0.57 on the 9-day MACD Oscillator while the 14-day reading was at -1.14.
Analyst Ratings
Barclays launched coverage on Xcel Energy Inc. (NASDAQ: XEL) in its analyst report released on August 24, 2023. The firm assigned the stock an Equal weight rating. The consensus rating for Xcel Energy Inc. (XEL) among analysts is Hold. According to current brokerage recommendations, 0 brokerage firms advise that investors sell XEL, while 12 suggest investors hold. There are 1 analyst who rate the stock as underweight. The stock is rated overweight by 0 analysts, while 4 others rate it as a “buy”.
What is XEL’s price target for the next 12 months?
Analysts predict a range of price targets between $59.00 and $76.00, with a median target of $69.00. Taking a look at these predictions, the average price target given by analysts for Xcel Energy Inc. (XEL) stock is $67.54.
