Xcel Energy, Inc. (NASDAQ:XEL) shares, rose in value, with the stock price down by -0.45% to the previous day’s close as strong demand from buyers drove the stock to $53.53.
Actively observing the price movement in the last trading, the stock closed the session at $53.77. The value of beta (5-year monthly) was 0.37 whereas the PE ratio was 16.69 over 12-month period. Referring to stock’s 52-week performance, its high was $71.96, and the low was $46.79. On the whole, XEL has fluctuated by 10.51% over the past month.
With the market capitalization of Xcel Energy, Inc. currently standing at about $29.72 billion, investors are eagerly awaiting this quarter’s results, scheduled for Apr 25, 2024 – Apr 29, 2024. The company’s Forward Dividend Ratio is 2.11, with its dividend yield at 3.94%.
Revisions could be a useful indicator to get insight on short-term price movement; so for the company, there were no upward and no downward review(s) in last seven days. We see that XEL’s technical picture suggests that short-term indicators denote the stock is a 50% Sell on average. However, medium term indicators have put the stock in the category of 100% Sell while long term indicators on average have been pointing out that it is a 100% Sell.
The stock’s technical analysis shows that the PEG ratio is about 2.59, with the price of XEL currently trading nearly 2.01% and -3.51% away from the simple moving averages for 20 and 50 days respectively. The Relative Strength Index (RSI, 14) currently indicates a reading of 49.43, while the 7-day volatility ratio is showing 1.85% which for the 30-day chart, stands at 1.98%. Furthermore, Xcel Energy, Inc. (XEL)’s beta value is 0.37, and its average true range (ATR) is 1.19.
A comparison of Xcel Energy, Inc. (XEL) with its peers suggests the former has fared considerably weaker in the market. XEL showed an intraday change of -0.45% in last session, and over the past year, it shrunk by -21.80%%.
Data on historical trading for Xcel Energy, Inc. (NASDAQ:XEL) indicates that the trading volumes over the past 10 days have averaged 4.09 million and over the past 3 months, they’ve averaged 5.82 million. According to company’s latest data on outstanding shares, there are 554.94 million shares outstanding.
Nearly 0.17% of Xcel Energy, Inc.’s shares belong to company insiders and institutional investors own 79.71% of the company’s shares. The data on short interest also indicates that stock shorts accounted for 6.8 million shares as on Mar 15, 2024, resulting in a short ratio of 0.77. According to the data, the short interest in Xcel Energy, Inc. (XEL) stood at 1.23% of shares outstanding as of Mar 15, 2024; the number of short shares registered in Feb 15, 2024 reached 8.38 million. The stock has fallen by -13.54% since the beginning of the year, thereby showing the potential of a further growth. This could raise investors’ confidence to be optimistic about the XEL stock heading into the next quarter.
