Does Xcel Energy, Inc. (NASDAQ:XEL) have deteriorating prospects?

Xcel Energy, Inc. (NASDAQ:XEL) shares traded -1.21% lower at $59.83 on Wall Street last session.

In accordance with the data, 16 analysts cover Xcel Energy, Inc. (NASDAQ:XEL). The consensus rating among analysts is ‘Hold’. As we calculate the median target price by taking the range between a high of $74.00 and a low of $58.00, we find $62.00. Given the previous closing price of $60.56, this indicates a potential upside of 2.38 percent. XEL stock price is now 2.78% away from the 50-day moving average and -5.90% away from the 200-day moving average. The market capitalization of the company currently stands at $33.02B.

It has been rated a hold by 10 analysts and a buy by 4. Brokers who have rated the stock have averaged $63.17 as their price target over the next twelve months.

With the price target enhanced from $58 to $66, BofA Securities Upgraded its rating from Neutral to Buy for Xcel Energy, Inc. (NASDAQ: XEL).

In other news, Carter Brett C, EVP, Group President Utilitie sold 30,000 shares of the company’s stock on May 01. 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 $0.49 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 28, 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 $0.39 million. Insiders disposed of 115,246 shares of company stock worth roughly $6.9 million over the past 1 year. A total of 0.15% of the company’s stock is owned by insiders.

Xcel Energy, Inc. (NASDAQ: XEL) opened at $60.71 on Tuesday. During the past 12 months, Xcel Energy, Inc. has had a low of $53.73 and a high of $72.99. As of last week, the company has a debt-to-equity ratio of 1.57, a current ratio of 0.87, and a quick ratio of 0.73. According to the stock market information, the enterprise value for the company is $59.94B, which is based on a 18.94 price-to-earnings ratio, a 2.79 price-to-earnings-growth ratio, and a beta of 0.44. The fifty day moving average price for XEL is $58.21 and a two-hundred day moving average price translates $63.58 for the stock.

The latest earnings results from Xcel Energy, Inc. (NASDAQ: XEL) was released for Sep, 2023. 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 $1.18 EPS in the same period last year. The net profit margin was 11.75% and return on equity was 10.33% for XEL. The company reported revenue of $3.66 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 -10.29 percent. For the current quarter, analysts expect XEL to generate $4B in revenue.

Xcel Energy, Inc.(XEL) Company Profile

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.

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