Reviewing The Case For Xcel Energy, Inc. (XEL) Going Higher

Currently, there are 557.50M common shares owned by the public and among those 555.23M shares have been available to trade.

The company’s stock has a 5-day price change of 2.11% and 15.57% over the past three months. XEL shares are trading 3.12% year to date (YTD), with the 12-month market performance up to 11.86% higher. It has a 12-month low price of $46.79 and touched a high of $64.25 over the same period. XEL has an average intraday trading volume of 3.03 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.93%, 10.59%, and 11.98% respectively.

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Institutional ownership of Xcel Energy, Inc. (NASDAQ: XEL) shares accounts for 79.26% of the company’s 557.50M shares outstanding.

It has a market capitalization of $35.59B and a beta (3y monthly) value of 0.38. The stock’s trailing 12-month PE ratio is 19.08, while the earnings-per-share (ttm) stands at $3.35. The company has a PEG of 2.83 and a Quick Ratio of 0.86 with the debt-to-equity ratio at 1.70. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.17% over the week and 1.42% over the month.

Earnings per share for the fiscal year are expected to increase by 6.49%, and 7.96% over the next financial year. EPS should grow at an annualized rate of 6.73% over the next five years, compared to 5.37% over the past 5-year period.

Looking at the support for the XEL, a number of firms have released research notes about the stock. Argus stated their Buy rating for the stock in a research note on August 26, 2024, with the firm’s price target at $68. Wolfe Research coverage for the Xcel Energy, Inc. (XEL) stock in a research note released on March 11, 2024 offered a Outperform rating with a price target of $58. Barclays was of a view on March 11, 2024 that the stock is Overweight, while BofA Securities gave the stock Buy rating on October 06, 2023, issuing a price target of $58- $66. Barclays on their part issued Equal Weight rating on August 24, 2023.

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