Xcel Energy Inc. (NASDAQ:XEL) shares traded lower over the last trading session, losing -2.56% on 06/18/21. The shares fell to a low of $66.46 before closing at $66.60. Intraday shares traded counted 4.38 million, which was -48.0% lower than its 30-day average trading volume of 2.96M. XEL’s previous close was $68.35 while the outstanding shares total 538.00M. The firm has a beta of 0.31, a 12-month trailing P/E ratio of 22.96, and a growth ratio of 3.70. The stock’s Relative Strength Index (RSI) is 32.25, with weekly volatility at 1.78% and ATR at 1.16. The XEL stock’s 52-week price range has touched low of $57.23 and a $76.44 high.
Investors have identified the Utilities – Regulated Electric company Xcel Energy Inc. as an interesting stock but before investments are made there, an in-depth look at its trading activities will have to be conducted. The share is trading with a market value of around $36.79 billion, the company now has both obstacles and catalysts that affect them and they came from their mode of operations. With the company affected by events currently, it is a perfect time to analyze the numbers behind the firm in order to come up with a rather realistic picture of what this stock is.
Xcel Energy Inc. (XEL) Fundamentals that are to be considered.
When analyzing a stock, the first fundamental thing to take into account is the balance sheet. How healthy the balance sheet of a company is will determine if the company will be able to carry out all its financial and non-financial obligations and also keep the faith of its investors. For XEL, the company has in raw cash 1.04 billion on their books with 1.5 billion currently as liabilities. How the trend is over time is what investors should be concerned about. The company has a healthy balance sheet as their debt profile has been on an incline. In terms of their assets, the company currently has 4.32 billion total, with 4.88 billion as their total liabilities.
XEL were able to record -1.16 billion as free cash flow during the 08/05/2021 quarter of the year, this saw their quarterly net cash flow reduce by 910.0 million. In cash movements, the company had a total of -136.0 million as operating cash flow.
Potential earnings growth for Xcel Energy Inc. (XEL)
In order to determine the future investment potential for this stock, we will have to analyze key trends that affect it. During the 08/05/2021 quarter of the year, Xcel Energy Inc. recorded a total of 3.54 billion in revenue. This figure implies that they witnessed a quarterly year/year change in their earnings with 20.62% coming in sequential stages and their sales for the 08/05/2021 quarter increasing by 16.77%.
What matters though is how it ends. When the core data for the company is broken down, then the stock sounds interesting. The company spent 3.03 billion trying to sell their products during the last quarter, with the result yielding a gross income of 507.0 million. This allows shareholders to hold on to 538.00M with the recently reported earning now reading 0.67 cents per share. This is a figure that compared to analyst’s prediction for their 08/05/2021 (0.67 cents a share).
Having a look at the company’s valuation, the company is expected to record 3.17 total earnings per share during the next fiscal year. It is very important though to remember that the importance of trend far outweighs that of outlook. This analysis has been great and getting further updates on XEL sounds very interesting.
Is the stock of XEL attractive?
In related news, EVP, Chief Human Resources Off, Figoli Darla sold 10,886 shares of the company’s stock in a transaction that recorded on Jun 15. The sale was performed at an average price of 69.31, for a total value of 754,463. As the sale deal closes, the Chairman and CEO, FOWKE BENJAMIN G S III now sold 52,094 shares of the company’s stock, valued at 3,660,578. Also, President, SPS, Hudson David T sold 9,603 shares of the company’s stock in a deal that was recorded on May 17. The shares were price at an average price of 71.14 per share, with a total market value of 683,143. Following this completion of acquisition, the Chairman and CEO, FOWKE BENJAMIN G S III now holds 121,101 shares of the company’s stock, valued at 8,684,153. In the last 6 months, insiders have changed their ownership in shares of company stock by 0.20%.
2 out of 14 analysts covering the stock have rated it a Buy, while 10 have maintained a Hold recommendation on Xcel Energy Inc.. 2 analysts has assigned a Sell rating on the XEL stock. The 12-month mean consensus price target for the company’s shares has been set at $71.23.