Xcel Energy, Inc. [NASDAQ: XEL] gained 2.14% or 1.27 points to close at $60.54 with a heavy trading volume of 5014369 shares. The company report on October 27, 2023 at 6:05 AM that Xcel Energy Third Quarter 2023 Earnings Report.
Third quarter GAAP diluted earnings per share were $1.19 in 2023 compared with $1.18 in 2022.
Third quarter diluted ongoing earnings per share were $1.23 in 2023 compared with $1.18 in 2022.
It opened the trading session at $59.25, the shares rose to $60.825 and dropped to $58.80, the range by which the price of stock traded the whole day. The daily chart for XEL points out that the company has recorded -11.62% loss over the past six months. However, it is still -12.67% lower than its most recent low trading price.
If we look at the average trading volume of 4.35M shares, XEL reached to a volume of 5014369 in the most recent trading day, which is why market watchdogs consider the stock to be active.
Here is what top equities market gurus are saying 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 $63.77 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 2.71. 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.
BofA Securities have made an estimate for Xcel Energy, Inc. shares, keeping their opinion on the stock as Buy, with their previous recommendation back on October 06, 2023.
The Average True Range (ATR) for Xcel Energy, Inc. is set at 1.24, with the Price to Sales ratio for XEL stock in the period of the last 12 months amounting to 2.25. The Price to Book ratio for the last quarter was 1.93, with the Price to Cash per share for the same quarter was set at 1.34.
Trading performance analysis for XEL stock
Xcel Energy, Inc. [XEL] gain into the green zone at the end of the last week, gaining into a positive trend and gaining by 1.80. With this latest performance, XEL shares gained by 8.42% in over the last four-week period, additionally sinking by -11.62% over the last 6 months – not to mention a drop of -7.02% 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 61.16, with the RSI for the last a single of trading hit 65.28, and the three-weeks RSI is set at 57.91 for Xcel Energy, Inc. [XEL]. The present Moving Average for the last 50 days of trading for this stock 58.00, while it was recorded at 59.33 for the last single week of trading, and 63.70 for the last 200 days.
Xcel Energy, Inc. [XEL]: A deeper dive into fundamental analysis
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 0.73 and a Current Ratio set at 0.87.
Xcel Energy, Inc. [XEL]: An earnings per share (EPS) analysis
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 6.75%.
An analysis of Institutional ownership at Xcel Energy, Inc. [XEL]
The top three institutional holders of XEL stocks are: VANGUARD GROUP INC with ownership of 1.3 billion shares, which is approximately 8.2579%. BLACKROCK INC., holding 1.04 billion shares of the stock with an approximate value of $201.66 billion in XEL stocks shares; and BERKSHIRE HATHAWAY INC, currently with $177.59 billion in XEL stock with ownership which is approximately 5.7994%.