Citigroup slashes price target on Xcel Energy Inc. [XEL] – find out why.

Xcel Energy Inc. [NASDAQ: XEL] slipped around -0.29 points on Friday, while shares priced at $67.43 at the close of the session, down -0.43%. The company report on March 30, 2021 that Xcel Energy First Quarter 2021 Earnings Conference Call.

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On Thursday, April 29, 2021, Xcel Energy (NASDAQ: XEL) will host a conference call to review first quarter 2021 financial results. Earnings will be released prior to the opening of trading.

The call will begin at 9:00 a.m. Central Time. To participate in the conference call, please dial in at least 5-10 minutes prior to the scheduled start and follow the operator’s instructions. You will be asked for the conference ID number.

Xcel Energy Inc. stock is now 1.14% up from its year-to-date (YTD) trading value. XEL Stock saw the intraday high of $68.29 and lowest of $67.35 per share. The company’s 52-week high price is 76.44, which means current price is +17.82% above from all time high which was touched on 04/05/21.

Compared to the average trading volume of 3.05M shares, XEL reached a trading volume of 2560163 in the most recent trading day, which is why market watchdogs consider the stock to be active.

What do top market gurus say about 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 $68.62 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 2.90. 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.

Citigroup have made an estimate for Xcel Energy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on October 26, 2020. The new note on the price target was released on August 25, 2020, representing the official price target for Xcel Energy Inc. stock. Previously, the target price had yet another raise to $55, while Morgan Stanley analysts kept a Underweight rating on XEL stock.

The Average True Range (ATR) for Xcel Energy Inc. is set at 1.25, with the Price to Sales ratio for XEL stock in the period of the last 12 months amounting to 3.16. The Price to Book ratio for the last quarter was 2.45, with the Price to Cash per share for the same quarter was set at 0.24.

How has XEL stock performed recently?

Xcel Energy Inc. [XEL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 0.96. With this latest performance, XEL shares gained by 8.44% in over the last four-week period, additionally sinking by -6.46% over the last 6 months – not to mention a rise of 7.37% 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 65.29, with the RSI for the last a single of trading hit 66.44, and the three-weeks RSI is set at 61.99 for Xcel Energy Inc. [XEL]. The present Moving Average for the last 50 days of trading for this stock 63.13, while it was recorded at 67.89 for the last single week of trading, and 67.01 for the last 200 days.

Xcel Energy Inc. [XEL]: Deeper insight into the fundamentals

Operating Margin for any stock indicates how profitable investing would be, and Xcel Energy Inc. [XEL] shares currently have an operating margin of +18.48 and a Gross Margin at +23.79. Xcel Energy Inc.’s Net Margin is presently recorded at +12.78.

Return on Total Capital for XEL is now 6.03, given the latest momentum, and Return on Invested Capital for the company is 4.34. Return on Equity for this stock inclined to 10.59, with Return on Assets sitting at 2.70. When it comes to the capital structure of this company, Xcel Energy Inc. [XEL] has a Total Debt to Total Equity ratio set at 152.90. Additionally, XEL Total Debt to Total Capital is recorded at 60.46, with Total Debt to Total Assets ending up at 39.60. Long-Term Debt to Equity for the company is recorded at 144.51, with the Long-Term Debt to Total Capital now at 57.14.

Reflecting on the efficiency of the workforce at the company, Xcel Energy Inc. [XEL] managed to generate an average of $129,586 per employee. Receivables Turnover for the company is 7.25 with a Total Asset Turnover recorded at a value of 0.21.Xcel Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.60 and a Current Ratio set at 0.80.

Earnings analysis for Xcel Energy Inc. [XEL]

With the latest financial reports released by the company, Xcel Energy Inc. posted 0.56/share EPS, while the average EPS was predicted by analysts to be reported at 0.6/share. When compared, the two values demonstrate that the company fail the estimates by a Surprise Factor of -6.70%. 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 6.30%.

Insider trade positions for Xcel Energy Inc. [XEL]

There are presently around $27,143 million, or 77.00% of XEL stock, in the hands of institutional investors. The top three institutional holders of XEL stocks are: VANGUARD GROUP INC with ownership of 46,819,360, which is approximately -0.837% of the company’s market cap and around 0.30% of the total institutional ownership; BLACKROCK INC., holding 46,615,583 shares of the stock with an approximate value of $3.14 billion in XEL stocks shares; and JPMORGAN CHASE & CO, currently with $2.29 billion in XEL stock with ownership of nearly -3.028% of the company’s market capitalization.

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Positions in Xcel Energy Inc. stocks held by institutional investors increased at the end of April and at the time of the April reporting period, where 432 institutional holders increased their position in Xcel Energy Inc. [NASDAQ:XEL] by around 15,238,365 shares. Additionally, 357 investors decreased positions by around 17,934,071 shares, while 176 investors held positions by with 369,370,071 shares. The mentioned changes placed institutional holdings at 402,542,507 shares, according to the latest SEC report filing. XEL stock had 131 new institutional investments in for a total of 2,184,630 shares, while 81 institutional investors sold positions of 2,000,011 shares during the same period.

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