Look For Institutional Buying In Xcel Energy, Inc. (NASDAQ: XEL)

Xcel Energy, Inc. (XEL) concluded trading on Thursday at a closing price of $63.25, with 3.36 million shares of worth about $212.62 million changed hands on the day. Half year performance of the stock remained positive as price took a surge of 17.65% during that period and on October 17, 2024 the price saw a loss of about -1.19%. Currently the company’s common shares owned by public are about 557.50M shares, out of which, 555.23M shares are available for trading.

Stock saw a price change of 1.75% in past 5 days and over the past one month there was a price change of -1.72%. Year-to-date (YTD), XEL shares are showing a performance of 2.16% which increased to 6.28% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $46.79 but also hit the highest price of $65.64 during that period. The average intraday trading volume for Xcel Energy, Inc. shares is 3.25 million. The stock is currently trading -0.83% below its 20-day simple moving average (SMA20), while that difference is up 1.31% for SMA50 and it goes to 10.30% higher than SMA200.

Xcel Energy, Inc. (NASDAQ: XEL) currently have 557.50M outstanding shares and institutions hold larger chunk of about 80.95% of that.

The stock has a current market capitalization of $35.26B and its 3Y-monthly beta is at 0.40. PE ratio of stock for trailing 12 months is 18.90, while it has posted earnings per share of $3.35 in the same period. Its PEG reads 2.95 and has Quick Ratio of 0.86 while making debt-to-equity ratio of 1.70. 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 1.30% while standing at 1.32% over the month.

Stock’s fiscal year EPS is expected to rise by 6.47% while it is estimated to increase by 7.79% in next year. EPS is likely to grow at an annualized rate of 6.40% for next 5-years, compared to annual growth of 5.37% made by the stock over the past 5-years.

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 Jefferies on September 20, 2024 offering a Hold rating for the stock and assigned a target price of $70 to it. Coverage by Argus stated Xcel Energy, Inc. (XEL) stock as a Buy in their note to investors on August 26, 2024, suggesting a price target of $68 for the stock. On March 11, 2024, Wolfe Research Upgrade their recommendations, while on March 11, 2024, Barclays Upgrade their ratings for the stock with a price target of $54. Stock get a Buy rating from BofA Securities on October 06, 2023.

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