The Vanguard Group, Inc. has recently announced that it has increased stake in Xcel Energy, Inc. (NASDAQ:XEL) by 16.33%. After grabbing 61.51 million shares, the institutional investor is now in possession of 8.64 million shares of the Utilities Company. The new investment brought the stake of investor firm to 11.15% having worth around $3.74 billion. Moreover, BlackRock Fund Advisors increased its share by 71228.0 to have a control over 38.44 million shares. And T. Rowe Price Investment Manageme raised its holdings to 5.7 million shares by acquiring 21.55 million shares or 3.91% of the stake.
Xcel Energy, Inc. (XEL) concluded trading on 01/10/24 at a closing price of $62.72, with 3.34 million shares of worth about $209.56 million changed hands on the day. Half year performance of the stock remained negative as price took a plunge of -1.68% during that period and on Wednesday the price saw a loss of about -0.87%. Currently the company’s common shares owned by public are about 551.82M shares, out of which, 550.96M shares are available for trading.
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A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 15 analysts are covering the XEL stock and their offered price forecasts bring an average price target of $65.25. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $74.00 and could fall to a lowest price of $61.00. The stock’s current price level is 3.88% above of average price target set by the analysts, while a rise to estimated low would result in loss of -2.82% for the stock. However, touching the estimated high of $74.00 would mean a gain of 15.24% for the stock.
According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 58 times over the past 12 months. They bought 334,307 shares in 46 of the transactions. In 12 selling transactions, insiders dumped 114,108 shares.
Vanguard Total Stock Market ETF, T Rowe Price Capital Appreciation, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Xcel Energy, Inc. Vanguard Total Stock Market ETF is currently holding 17.27 million shares of worth totaling $1.05 billion. The company recently came buying 20022.0 shares which brought its stake up to 3.13% of the company’s outstanding shares. T Rowe Price Capital Appreciation bought 3.71 million shares, after which its hold over company’s outstanding shares expand to 2.52%, leaving 13.89 million shares with the mutual fund that have a worth of about $845.24 million. Vanguard 500 Index Fund, after buying 13.31 million shares, have now control over 2.41% of the stake in the company. It holds 58497.0 shares of worth $810.01 million.
Xcel Energy, Inc. (NASDAQ: XEL) started trading at $63.21, below -$0.06 from concluding price of the previous day. However, the stock later moved at a day high price of 63.22, or with a loss of -0.87%. Stock saw a price change of -1.35% in past 5 days and over the past one month there was a price change of 2.97%. Year-to-date (YTD), XEL shares are showing a performance of 1.31% which decreased to -12.86% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $53.73 but also hit the highest price of $72.97 during that period. The average intraday trading volume for Xcel Energy, Inc. shares is 4.01 million. The stock is currently trading 0.47% above its 20-day simple moving average (SMA20), while that difference is up 2.60% for SMA50 and it goes to 0.48% higher than SMA200.
The Vanguard Group, Inc. acquired 61.51 million shares of Xcel Energy, Inc. having value of about $3.74 billion. Data submitted at the U.S SEC by The Vanguard Group, Inc. revealed that the firm now holds 8.64 million shares in the company valued at close to $541662652.16, or have control over 16.33% stake in the company. Xcel Energy, Inc. (NASDAQ: XEL) currently have 551.82M outstanding shares and institutions hold larger chunk of about 79.15% of that. Holding of mutual funds in the company is about 28.40% while other institutional holders and individual stake holders have control over 51.28% and 0.71% of the stake respectively.
The stock has a current market capitalization of $34.61B and its 3Y-monthly beta is at 0.41. PE ratio of stock for trailing 12 months is 19.85, while it has posted earnings per share of $3.16 in the same period. Its PEG reads 3.15 and has Quick Ratio of 0.73 while making debt-to-equity ratio of 1.57. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for XEL, volatility over the week remained 1.18% while standing at 1.56% over the month.
Analysts are in expectations that Xcel Energy, Inc. (XEL) stock would likely to be making an EPS of $Exelixis, Inc. in the current quarter, while forecast for next quarter EPS is $22.86 and it is $Stocks for next year. For the current quarter EPS, analysts have given the company a lowest target $Estee Lauder Companies, Inc. (T which is $Exela Technologies, Inc. at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $Xcel Energy Inc. in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 5.99% while it is estimated to increase by 6.52% in next year. EPS is likely to shrink at an annualized rate of 6.30% for next 5-years, compared to annual growth of 7.07% made by the stock over the past 5-years.
Analysts at 15 brokerage firms have issued recommendations for the Xcel Energy, Inc. (XEL)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.40. Out of those 15 Wall Street analysts, 5 recommended a “Buy” rating, while 9 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.
Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on October 06, 2023 offering a Buy rating for the stock and assigned a target price range of between $58 and $66 to it.
