For Xcel Energy Inc. [XEL], Analyst sees a rise to $68. What next?

Xcel Energy Inc. [NASDAQ: XEL] traded at a low on 04/13/23, posting a 0.00 loss after which it closed the day’ session at $71.04. The company report on April 5, 2023 that Xcel Energy First Quarter 2023 Earnings Conference Call.

On Thursday, April 27, 2023, Xcel Energy (NASDAQ: XEL) will host a conference call to review first quarter 2023 financial results. The earnings report will be released prior to the market open on the same date.

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

The results of the trading session contributed to over 2530075 shares changing hands. Over the past one week, the price volatility of Xcel Energy Inc. stands at 1.62% while the volatility over the past one month is 2.19%.

The market cap for XEL stock reached $38.98 billion, with 550.00 million shares outstanding and 546.12 million shares in the current float. Compared to the average trading volume of 2.98M shares, XEL reached a trading volume of 2530075 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 $72.45 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 2.40. 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.

Credit Suisse have made an estimate for Xcel Energy Inc. shares, keeping their opinion on the stock as Neutral, with their previous recommendation back on November 21, 2022. The new note on the price target was released on October 20, 2022, representing the official price target for Xcel Energy Inc. stock. Previously, the target price had yet another raise to $80, while Credit Suisse analysts kept a Outperform rating on XEL stock.

The Average True Range (ATR) for Xcel Energy Inc. is set at 1.42, with the Price to Sales ratio for XEL stock in the period of the last 12 months amounting to 2.55. The Price to Book ratio for the last quarter was 2.34, with the Price to Cash per share for the same quarter was set at 0.20.

How has XEL stock performed recently?

Xcel Energy Inc. [XEL] fell into the red zone at the end of the last week, falling into a negative trend and dropping by -0.11. With this latest performance, XEL shares gained by 8.56% in over the last four-week period, additionally plugging by 18.74% over the last 6 months – not to mention a drop of -4.46% 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 67.20, with the RSI for the last a single of trading hit 73.70, and the three-weeks RSI is set at 62.42 for Xcel Energy Inc. [XEL]. The present Moving Average for the last 50 days of trading for this stock 66.99, while it was recorded at 71.03 for the last single week of trading, and 69.04 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 +15.90 and a Gross Margin at +20.40. Xcel Energy Inc.’s Net Margin is presently recorded at +11.36.

Return on Total Capital for XEL is now 5.84, given the latest momentum, and Return on Invested Capital for the company is 4.38. Return on Equity for this stock inclined to 10.75, with Return on Assets sitting at 2.78. When it comes to the capital structure of this company, Xcel Energy Inc. [XEL] has a Total Debt to Total Equity ratio set at 156.49. Additionally, XEL Total Debt to Total Capital is recorded at 61.01, with Total Debt to Total Assets ending up at 40.66. Long-Term Debt to Equity for the company is recorded at 143.42, with the Long-Term Debt to Total Capital now at 55.92.

Reflecting on the efficiency of the workforce at the company, Xcel Energy Inc. [XEL] managed to generate an average of $144,884 per employee. Receivables Turnover for the company is 7.01 with a Total Asset Turnover recorded at a value of 0.24.Xcel Energy Inc.’s liquidity data is similarly interesting compelling, with a Quick Ratio of 0.70 and a Current Ratio set at 0.80.

Earnings analysis for Xcel Energy Inc. [XEL]

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 6.40%.

Insider trade positions for Xcel Energy Inc. [XEL]

There are presently around $30,168 million, or 79.90% of XEL stock, in the hands of institutional investors. The top three institutional holders of XEL stocks are: VANGUARD GROUP INC with ownership of 52,686,110, which is approximately 1.112% of the company’s market cap and around 0.10% of the total institutional ownership; BLACKROCK INC., holding 49,880,631 shares of the stock with an approximate value of $3.54 billion in XEL stocks shares; and JPMORGAN CHASE & CO, currently with $2.3 billion in XEL stock with ownership of nearly -8.691% of the company’s market capitalization.

Positions in Xcel Energy Inc. stocks held by institutional investors increased at the end of Thursday and at the time of the Thursday reporting period, where 482 institutional holders increased their position in Xcel Energy Inc. [NASDAQ:XEL] by around 29,616,514 shares. Additionally, 389 investors decreased positions by around 27,526,058 shares, while 189 investors held positions by with 367,515,037 shares. The mentioned changes placed institutional holdings at 424,657,609 shares, according to the latest SEC report filing. XEL stock had 119 new institutional investments in for a total of 10,509,416 shares, while 78 institutional investors sold positions of 4,346,717 shares during the same period.


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