One share of XEL stock can currently be purchased for approximately $58.13. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation. Get stock recommendations, portfolio guidance, and more from The Motley Fool’s premium services. The utility rose along with its peers, but its focus on reducing its carbon footprint is making it increasingly attractive to investors.
Since 1988 it has more than doubled the S&P 500 with an average gain of +24.32% per year. These returns cover a period from January 1, 1988 through July 31, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
Click the link to learn what streetwise investors need to know about the metaverse and public markets before making an investment. Shares of Xcel Energy Inc. slumped 1.4% in midday trading Friday, and was the biggest decliner among the SPDR Utilities Select Sector ETF’s https://1investing.in/ components. The company said it has restored service for about 80% of its custome… According to Benzinga Pro, Xcel Energy’s peer group average for short interest as a percentage of float is 2.24%, which means the company has less short interest than most of its peers.
This article was generated by Benzinga’s automated content engine and was reviewed by an editor. Did you know that increasing short interest can actually be bullish for a stock? Compare
XCEL’s historical performance
against its industry peers and the overall market.
A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
Ambri Advances Collaboration with Xcel Energy for First Utility Deployment of Liquid Metal™ Battery System
This story was reviewed by MarketBeat’s editorial team prior to publication. The extension will enable further development, joint marketing, and sales efforts for the advancement of the carbon fuel cell technology targeted at point-of-source carbon capture applications. As you can see from the chart above the percentage of shares present discounted value that are sold short for Xcel Energy has grown since its last report. This does not mean that the stock is going to fall in the near-term but traders should be aware that more shares are being shorted. While Xcel Energy currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
XEL’s valuation ratios
compared to the Market Index.
- A final investment decision on the project is expected later this year.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- A hold rating indicates that analysts believe investors should maintain any existing positions they have in XEL, but not buy additional shares or sell existing shares.
Investors turn to asset classes or sectors they believe are likely to either pay a dividend or that have a low correlation to equity markets. MINNEAPOLIS–(BUSINESS WIRE)–Xcel Energy’s Sustainability Report shows over half of the power it generates across the eight states it serves now comes from carbon-free sources. MINNEAPOLIS–(BUSINESS WIRE)–Xcel Energy announced today that Timothy Welsh has been elected to the company’s board of directors, effective immediately.
Zacks Research is Reported On:
It is one of the largest renewable energy providers in the U.S. with half of its electricity sales coming from carbon-free energy. According to 15 analysts, the average rating for XEL stock is “Buy.” The 12-month stock price forecast is $67.29, which is an increase of 16.80% from the latest price. Peer comparison is a popular technique amongst analysts and investors for gauging how well a company is performing. A company’s peer is another company that has similar characteristics to it, such as industry, size, age, and financial structure. You can find a company’s peer group by reading its 10-K, proxy filing, or by doing your own similarity analysis. This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting.
Xcel Energy’s stock was trading at $70.11 at the beginning of 2023. Since then, XEL stock has decreased by 17.1% and is now trading at $58.13. FCEL’s carbonate fuel cell technology can play a pivotal role in integrated carbon abatement solutions. Click the link below and we’ll send you MarketBeat’s list of ten stocks that will drive in any economic environment. Transparency is how we protect the integrity of our work and keep empowering investors to achieve their goals and dreams. And we have unwavering standards for how we keep that integrity intact, from our research and data to our policies on content and your personal data.
Morningstar analysts hand-select direct competitors or comparable companies to
provide context on the strength and durability of XEL’s
competitive advantage. Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. MINNEAPOLIS–(BUSINESS WIRE)–Xcel Energy announced today a proposal to advance the retirement of coal operations at Tolk Generating Station in Texas to 2028, more than four years earlier than planned… BOSTON–(BUSINESS WIRE)–Form Energy, Inc., an American technology company developing and commercializing a new class of cost-effective, multi-day energy storage systems, announced today that it has…
The ex-dividend date of this dividend is Thursday, September 14th. This represents a $2.08 dividend on an annualized basis and a yield of 3.63%. Xcel Energy Inc. said Wednesday that it raised its quarterly dividend by 6.4%, to 45.75 cents a share from 43.00 cents. The electric and natural-gas company’s new dividend is payable April 20 to shareholders of record on … Overall, the Street has a consensus price target of $2.31 on FuelCell, alongside a Hold consensus rating. Despite today’s uptick, shares of the company are still down nearly 69% over the past year.
They rarely distribute dividends to shareholders, opting for reinvestment in their businesses. More value-oriented stocks tend to represent financial services, utilities, and energy stocks. 12 Wall Street equities research analysts have issued “buy,” “hold,” and “sell” ratings for Xcel Energy in the last year.
As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
Short interest is the number of shares that have been sold short but have not yet been covered or closed out. Short selling is when a trader sells shares of a company they do not own, with the hope that the price will fall. Traders make money from short selling if the price of the stock falls and they lose if it rises. Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states.
Mizuho dropped their price objective on Xcel Energy from $72.00 to $69.00 in a report on Tuesday, May 30th. Bank of America lowered shares of Xcel Energy from a “buy” rating to a “neutral” rating and dropped their price target for the company from $72.00 to $60.00 in a research note on Tuesday, August 22nd. Royal Bank of Canada dropped their target price on shares of Xcel Energy from $76.00 to $67.00 and set a “sector perform” rating on the stock in a research report on Wednesday, September 6th. Finally, Barclays initiated coverage on shares of Xcel Energy in a research report on Thursday, August 24th. They issued an “equal weight” rating and a $60.00 price target for the company.
Xcel Energy Second Quarter 2023 Earnings Conference Call
An increase in short interest can signal that investors have become more bearish, while a decrease in short interest can signal they have become more bullish. MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… Style is an investment factor that has a meaningful impact on investment risk and returns.
Style is calculated by combining value and growth scores, which are first individually calculated. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.