The stock of Xcel Energy, Inc. (NASDAQ:XEL) last traded at $55.33, up 0.11% from the previous session.
XEL stock price is now 2.25% away from the 50-day moving average and -5.51% away from the 200-day moving average. The market capitalization of the company currently stands at $30.73B.
Top 5 Artificial Intelligence Stocks to Buy for 2024
By now, you're well aware of the artificial intelligence boom. You know Big Tech has been investing billions of dollars into it.
According to Next Move Strategy Consulting, the AI market – currently valued at about $100 billion – cold grow twenty-fold by 2030 to more than $2 trillion. That means you may want to strongly consider these top AI stocks. Get our free report, "Top 5 AI Stocks to Buy in 2024."
Click here to automatically get the our FREE Report & Special Offer "5 Best AI Stocks to Invest In"
Sponsored
With the price target maintained at $58, Wolfe Research recently Upgraded its rating from Peer Perform to Outperform for Xcel Energy, Inc. (NASDAQ: XEL). On March 11, 2024, Barclays Upgraded its previous ‘Equal Weight’ rating to ‘Overweight’ on the stock reducing its target price from $61 to quote $54, while ‘BofA Securities’ rates the stock as ‘Buy’
In other news, Carter Brett C, EVP, Group President Utilitie sold 30,000 shares of the company’s stock on May 01 ’23. The stock was sold for $2,115,921 at an average price of $70.53. Upon completion of the transaction, the EVP, Group President Utilitie now directly owns 8,146 shares in the company, valued at $0.45 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 28 ’23, EVP, Chief Operations Officer O’Connor Timothy John sold 15,625 shares of the business’s stock. A total of $1,087,333 was realized by selling the stock at an average price of $69.59. This leaves the insider owning 6,498 shares of the company worth $0.36 million. A total of 0.17% of the company’s stock is owned by insiders.
During the past 12 months, Xcel Energy, Inc. has had a low of $46.79 and a high of $71.32. As of last week, the company has a debt-to-equity ratio of 1.57, a current ratio of 0.72, and a quick ratio of 0.59.
According to the Utilities – Regulated Electric Company, earnings per share came in at 0.76, beating analysts’ expectations of 0.74 by 0.02. This compares to $0.69 EPS in the same period last year. The net profit margin was 12.46% and return on equity was 10.33% for XEL. The company reported revenue of $3.44 billion for the quarter, compared to $4.05 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -15.08 percent. For the current quarter, analysts expect XEL to generate $4.13B in revenue.
