Are Analysts Too Bullish On Xcel Energy, Inc. (XEL)

Xcel Energy, Inc. (NASDAQ:XEL) currently has a daily average trading volume of 3.13M but it saw 1545597 shares traded in last market. With a market cap of 33.83B USD, the company’s current market price of $60.68 came falling about -0.34 while comparing to the previous closing price of $60.89. In past 52 weeks, the stock remained buoying in the range of price level as high as $64.25 and as low as $46.79. In the recent trading on the day, stock has struck highest price mark of $60.6013 while lowest mark touched by it was $61.24.

Taking a look at 20-day trading activity of Xcel Energy, Inc. (XEL) gives us an average price of $59.39, while its current price level is -5.55% below from 52-week high level whereas it is 29.69% above from lowest level seen by the stock during that period. Simple moving average of 50 days or SMA-50 of the stock’s closing price is $56.47 while that of 200 days or SMA-200 reads an average of $56.92. A closer look into the stock’s movement over the week reveals that its volatility is standing at 1.31% during that period while stretching the period over a month that increases to 2.08%. It is also necessary to take a look into other indicators of a stock too, to get a better idea about its price movement. And in doing so, we find stock’s 14-day relative strength index (RSI) standing at 64.60 which implies that the stock is in neutral territory.

The company’s shares got several price updates from the analyst firms in past one month and most recent of them is from the Argus which upgraded the stock as “Buy” in its note to investors issued on August 26, 2024, recommending a price target of $68 for it. Wolfe Research upgraded its recommendation for the stock as a “Outperform” from “Peer Perform” on March 11, 2024 while assigning a price target of $58. Barclays also issued its recommendations for the stock as it upgraded the price target for the stock in the range of between $61 and $54.

Over the week, XEL’s stock price is moving 1.20% up while it is 3.50% when we observe its performance for the past one month. Year-to-date it is -1.99% down and over the past year, the stock is showing an upside performance of 4.89%.

The latest quarterly earnings report issued by the company reported quarterly earnings per share (EPS) of 1.23 beaten by the consensus estimate of 1.26 for the same. The company is expected to be releasing its next quarterly report on 2024-Oct-25, for which analysts forecasted an EPS of 1.33 while estimate for next year EPS is 3.57. In next quarter, company is expected to be making quarterly sales of $3.77B as analysts are expecting the sales for current fiscal year at $14.68B and seeing the company making $15.58B in sales next year. Moreover, analysts are in estimates of $3.93B for current-quarter revenue.

Currently, Xcel Energy, Inc.’s total number of outstanding shares is 557.50M with 0.18% of that held by the insiders while 81.90% of its common stock has been owned by the institutions. Company’s return on investment (ROI) stands at 3.98% and return on equity (ROE) at 10.64%. It has a price to earnings ratio (P/E ratio) of 18.13 while having a 15.76 of forward P/E ratio. Stock’s beta reads 0.39. Stock has a price to book (P/B) ratio of 1.88 while price to sale or P/S ratio amounts to 2.45. Its return on asset (ROA) is 2.86% on average.