Xcel Energy, Inc (NASDAQ:XEL) shares traded -2.47% lower at $66.40 on Wall Street last session.
XEL stock price is now -1.39% away from the 50-day moving average and 12.00% away from the 200-day moving average. The market capitalization of the company currently stands at $38.13B.
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With the price target enhanced from $69 to $80, JP Morgan Upgraded its rating from Neutral to Overweight for Xcel Energy, Inc (NASDAQ: XEL). On November 01, 2024, Jefferies Upgraded its previous ‘Hold’ rating to ‘Buy’ on the stock increasing its target price from $71 to quote $76, while ‘Argus’ rates the stock as ‘Buy’
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 $1.91 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 0.30% 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 $73.38. As of last week, the company has a debt-to-equity ratio of 1.54, a current ratio of 0.93, and a quick ratio of 0.82. According to the stock market information, the enterprise value for the company is $66439651328, which is based on a 19.73 price-to-earnings ratio, a 2.82 price-to-earnings-growth ratio, and a beta of 0.42. The fifty day moving average price for XEL is $67.267 and a two-hundred day moving average price translates $59.19825 for the stock.
The latest earnings results from Xcel Energy, Inc (NASDAQ: XEL) was released for 2024-09-30. The net profit margin was 13.65% and return on equity was 10.26% for XEL. The company reported revenue of $3.64 billion for the quarter, compared to $3.66 billion a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue fell -0.49 percent. For the current quarter, analysts expect XEL to generate $3.77B in revenue.
