Xcel Energy, Inc. (XEL) Analysis & Forecast for 2024

Xcel Energy, Inc. (NASDAQ: XEL) is -6.04% lower on its value in year-to-date trading and has touched a low of $53.73 and a high of $71.96 in the current 52-week trading range. The question becomes, what are the chances the stock will make a comeback and enjoy potential growth. Why not look at analysts view on what the future holds for the stock. The XEL stock was last observed hovering at around $58.00 in the last trading session, with the day’s gains setting it 0.17%.

Currently trading at $58.17, the stock is -2.29% and -4.70% below its SMA20 and SMA50 respectively. However, with a daily trading volume of 2.73 million and changing 0.29% at the moment leaves the stock -5.30% off its SMA200. XEL registered -14.27% loss for a year compared to 6-month gain of -2.24%. The firm has a 50-day simple moving average (SMA 50) of $4.13 and a 200-day simple moving average (SMA200) of $11.62.

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The stock witnessed a -7.25% loss in the last 1 month and extending the period to 3 months gives it a -1.54%, and is -2.76% down over the last 5 days. If we measure the stock’s price variations over the week and the month, we find that the volatility rates stand at 1.17% over the week and 1.72% over the month.

Xcel Energy, Inc. (XEL) has around Dec 27 2023 employees, a market worth around $32.10B and $14.21B in sales. Current P/E ratio is 18.14 and Fwd P/E is 15.09. Profit margin for the company is 12.46%. Distance from 52-week low is 8.26% and -19.16% from its 52-week high. The company has generated returns on investments over the last 12 months (4.16%).

Xcel Energy, Inc. quarterly earnings per share for the current quarter are estimated at $0.8 with sales reaching $7.82B over the same period.The EPS is expected to grow by 6.84% this year, but quarterly earnings will post 12.50% year-over-year. Quarterly sales are estimated to grow 107.90% in year-over-year returns.

Xcel Energy, Inc. (XEL) Top Institutional Holders

1,287 institutions hold shares in Xcel Energy, Inc. (XEL), with institutional investors hold 83.70% of the company’s shares. The shares outstanding are 551.82M, and float is at 550.96M with Short Float at 1.38%. Institutions hold 83.58% of the Float.

The top institutional shareholder in the company is Vanguard Group Inc with over 55.42 million shares valued at $3.45 billion. The investor’s holdings represent 10.78% of the XEL Shares outstanding. As of Jun 29, 2023, the second largest holder is Blackrock Inc. with 50.0 million shares valued at $3.11 billion to account for 9.72% of the shares outstanding. The other top investors are JP Morgan Chase & Company which holds 30.42 million shares representing 5.92% and valued at over $1.89 billion, while State Street Corporation holds 5.80% of the shares totaling 29.84 million with a market value of $1.85 billion.

Xcel Energy, Inc. (XEL) Insider Activity

A total of 11 insider transactions have happened at Xcel Energy, Inc. (XEL) in the last six months, with sales accounting for 1 and purchases happening 10 times. The most recent transaction is an insider sale by Carter Brett C ,the company’sEVP, Group President Utilitie. SEC filings show that Carter Brett C sold 30,000 shares of the company’s common stock on May 01 at a price of $70.53 per share for a total of $2.12 million. Following the sale, the insider now owns 8146.0 shares.

Xcel Energy, Inc. disclosed in a document filed with the SEC on Apr 28 that O’Connor Timothy John (EVP, Chief Operations Officer) sold a total of 15,625 shares of the company’s common stock. The trade occurred on Apr 28 and was made at $69.59 per share for $1.09 million. Following the transaction, the insider now directly holds 6498.0 shares of the XEL stock.

Still, SEC filings show that on Mar 09, Prager Frank P (SVP, Strategy, Security & Ext.) disposed off 737 shares at an average price of $65.00 for $47905.0. The insider now directly holds 29,340 shares of Xcel Energy, Inc. (XEL).

Xcel Energy, Inc. (XEL): Who are the competitors?

The company’s main competitors (and peers) include NextEra Energy Inc. (NEE) that is trading -25.18% down over the past 12 months. Southern Co. (SO) that is -0.33% lower over the same period.