The price of Xcel Energy, Inc. (NASDAQ:XEL) shares last traded on Wall Street rose 2.08% to $55.45.
XEL stock price is now 2.34% away from the 50-day moving average and -3.66% away from the 200-day moving average. The market capitalization of the company currently stands at $30.81B.
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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, O’Connor Timothy John, EVP, Chief Operations Officer sold 17,563 shares of the company’s stock on May 20 ’24. The stock was sold for $979,471 at an average price of $55.77. Upon completion of the transaction, the EVP, Chief Operations Officer now directly owns 0 shares in the company, valued at $0.0. A total of 0.37% 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 $65.62. As of last week, the company has a debt-to-equity ratio of 1.60, a current ratio of 0.86, and a quick ratio of 0.74. According to the stock market information, the enterprise value for the company is $58957205504, which is based on a 16.67 price-to-earnings ratio, a 2.48 price-to-earnings-growth ratio, and a beta of 0.39. The fifty day moving average price for XEL is $54.2398 and a two-hundred day moving average price translates $57.5406 for the stock.
The latest earnings results from Xcel Energy, Inc. (NASDAQ: XEL) was released for 2024-03-31. According to the Utilities – Regulated Electric Company, earnings per share came in at 0.52, missing analysts’ expectations of 0.56 by -0.04. This compares to $0.76 EPS in the same period last year. The net profit margin was 13.35% and return on equity was 10.62% for XEL. The company reported revenue of $3.65 billion for the quarter, compared to $4.08 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -10.56 percent. For the current quarter, analysts expect XEL to generate $3.24B in revenue.
