Xcel Energy Inc. [XEL] Stock trading around $69.79 per share: What’s Next?

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Xcel Energy Inc. [NASDAQ: XEL] stock went on a downward path that fall over -0.20% on Wednesday, amounting to a one-week price increase of more than 1.54%. The company report on July 30, 2020 that Xcel Energy Second Quarter 2020 Earnings Report.

Xcel Energy Inc. (NASDAQ: XEL) today reported 2020 second quarter GAAP and ongoing earnings of $287 million, or $0.54 per share, compared with $238 million, or $0.46 per share in the same period in 2019.

“Despite lower sales due to COVID-19, Xcel Energy achieved strong second quarter results primarily due to the positive impact of weather and cost management efforts. We are on track with our financial plan and are reaffirming our 2020 earnings guidance of $2.73 to $2.83 per share. However, we’ll continue to monitor and manage through the economic uncertainty of this pandemic,” said Ben Fowke, chairman and CEO of Xcel Energy.

Over the last 12 months, XEL stock rose by 15.49%. The one-year Xcel Energy Inc. stock forecast points to a potential downside of -7.44. The average equity rating for XEL stock is currently 2.80, trading closer to a bullish pattern in the stock market.

The market cap for the stock reached $36.63 billion, with 526.00 million shares outstanding and 523.42 million shares in the current float. Compared to the average trading volume of 2.89M shares, XEL stock reached a trading volume of 2550204 in the most recent trading day, which is why market watchdogs consider the stock to be active.

Guru’s Opinion on Xcel Energy Inc. [XEL]:

Based on careful and fact-backed analyses by Wall Street experts, the current consensus on the target price for XEL shares is $64.96 per share. Analysis on target price and performance of stocks is usually carefully studied by market experts, and the current Wall Street consensus on XEL stock is a recommendation set at 2.80. This rating represents a strong Buy recommendation, on the scale from 1 to 5, where 5 would mean strong sell, 4 represents Sell, 3 is Hold, and 2 indicates Buy.

Morgan Stanley have made an estimate for Xcel Energy Inc. shares, keeping their opinion on the stock as Underweight, with their previous recommendation back on May 13, 2020. The new note on the price target was released on April 24, 2020, representing the official price target for Xcel Energy Inc. stock. Previously, the target price had yet another raise to $68, while BMO Capital Markets analysts kept a Market Perform rating on XEL stock.

The Average True Range (ATR) for Xcel Energy Inc. is set at 1.41, with the Price to Sales ratio for XEL stock in the period of the last 12 months amounting to 3.27. The Price to Book ratio for the last quarter was 2.76, with the Price to Cash per share for the same quarter was set at 0.46.

XEL Stock Performance Analysis:

Xcel Energy Inc. [XEL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.54. With this latest performance, XEL shares gained by 9.73% in over the last four-week period, additionally plugging by 0.71% over the last 6 months – not to mention a rise of 15.49% in the past year of trading.

Overbought and oversold stocks can be easily traced with the Relative Strength Index (RSI), where an RSI result of over 70 would be overbought, and any rate below 30 would indicate oversold conditions. An RSI rate of 50 would represent a neutral market momentum. The current RSI for XEL stock in for the last two-week period is set at 68.07, with the RSI for the last a single of trading hit 74.74, and the three-weeks RSI is set at 65.54 for Xcel Energy Inc. [XEL]. The present Moving Average for the last 50 days of trading for this stock 65.40, while it was recorded at 69.30 for the last single week of trading, and 63.90 for the last 200 days.

Insight into Xcel Energy Inc. Fundamentals:

Operating Margin for any stock indicates how profitable investing would be, and Xcel Energy Inc. [XEL] shares currently have an operating margin of +18.20 and a Gross Margin at +23.14. Xcel Energy Inc.’s Net Margin is presently recorded at +11.90.

Return on Total Capital for XEL is now 6.64, given the latest momentum, and Return on Invested Capital for the company is 4.55. Return on Equity for this stock inclined to 10.78, with Return on Assets sitting at 2.73. When it comes to the capital structure of this company, Xcel Energy Inc. [XEL] has a Total Debt to Total Equity ratio set at 155.06. Additionally, XEL Total Debt to Total Capital is recorded at 60.79, with Total Debt to Total Assets ending up at 38.95. Long-Term Debt to Equity for the company is recorded at 143.76, with the Long-Term Debt to Total Capital now at 56.37.

Reflecting on the efficiency of the workforce at the company, Xcel Energy Inc. [XEL] managed to generate an average of $121,707 per employee. Receivables Turnover for the company is 7.29 with a Total Asset Turnover recorded at a value of 0.23.Xcel Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.40 and a Current Ratio set at 0.50.

XEL Stock EPS

With the latest financial reports released by the company, Xcel Energy Inc. posted 1.01/share EPS, while the average EPS was predicted by analysts to be reported at 1.03/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -1.90%. The progress of the company may be observed through the prism of EPS growth rate, while Wall Street analysts are focusing on predicting the 5-year EPS growth rate for XEL. When it comes to the mentioned value, analysts are expecting to see the 5-year EPS growth rate for Xcel Energy Inc. go to 6.10%.

Xcel Energy Inc. [XEL] Insider Position Details

There are presently around $28,387 million, or 79.10% of XEL stock, in the hands of institutional investors. The top three institutional holders of XEL stocks are: VANGUARD GROUP INC with ownership of 49,882,350, which is approximately 2.856% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 49,078,560 shares of the stock with an approximate value of $3.43 billion in XEL stocks shares; and JPMORGAN CHASE & CO, currently with $2.56 billion in XEL stock with ownership of nearly -5.152% of the company’s market capitalization.

Positions in Xcel Energy Inc. stocks held by institutional investors increased at the end of July and at the time of the July reporting period, where 362 institutional holders increased their position in Xcel Energy Inc. [NASDAQ:XEL] by around 31,016,778 shares. Additionally, 389 investors decreased positions by around 31,614,072 shares, while 172 investors held positions by with 344,120,639 shares. The mentioned changes placed institutional holdings at 406,751,489 shares, according to the latest SEC report filing. XEL stock had 85 new institutional investments in for a total of 17,739,067 shares, while 77 institutional investors sold positions of 1,537,059 shares during the same period.

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