In yesterday’s Wall Street session, Xcel Energy, Inc. (NASDAQ:XEL) shares traded at $64.06, down -0.47% from the previous session.
XEL stock price is now 7.99% away from the 50-day moving average and 12.11% away from the 200-day moving average. The market capitalization of the company currently stands at $35.71B.
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 $68, Argus recently Upgraded its rating from Hold to Buy for Xcel Energy, Inc. (NASDAQ: XEL). On March 11, 2024, Wolfe Research Upgraded its previous ‘Peer Perform’ rating to ‘Outperform’ on the stock keeping its target price maintained at $58, while ‘Barclays’ rates the stock as ‘Overweight’
In other news, Prager Frank P, SVP, Strategy and External Aff sold 2,041 shares of the company’s stock on Aug 16 ’24. The stock was sold for $121,440 at an average price of $59.50. Upon completion of the transaction, the SVP, Strategy and External Aff now directly owns 28,705 shares in the company, valued at $1.84 million. An SEC document containing details of the transaction can be found on the SEC’s website. On May 20 ’24, EVP, Chief Operations Officer O’Connor Timothy John sold 17,563 shares of the business’s stock. A total of $979,471 was realized by selling the stock at an average price of $55.77. A total of 0.41% 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 $64.95. As of last week, the company has a debt-to-equity ratio of 1.70, a current ratio of 0.97, and a quick ratio of 0.86. According to the stock market information, the enterprise value for the company is $64717492224, which is based on a 19.14 price-to-earnings ratio, a 2.84 price-to-earnings-growth ratio, and a beta of 0.39. The fifty day moving average price for XEL is $59.5512 and a two-hundred day moving average price translates $57.15175 for the stock.
The latest earnings results from Xcel Energy, Inc. (NASDAQ: XEL) was released for 2024-06-30. The net profit margin was 13.44% and return on equity was 10.64% for XEL. The company reported revenue of $3.03 billion for the quarter, compared to $3.02 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 0.2 percent.
