Xcel Energy Inc. (NASDAQ: XEL) stock fell -0.07% on Friday to $72.45 against a previous-day closing price of $72.50. With 2.44 million shares changed hands, the volume of the stock remained lighter than its average volume of 2.69 million shares. During the session, the Utilities – Regulated Electric company that operates in wider Utilities sector, reached to the highest price of $72.96 whereas the lowest price it dropped to was $72.03. The 52-week range on XEL shows that it touched its highest point at $77.66 and its lowest point at $61.15 during that stretch. It currently has a 1-year price target of $76.73. With its current market cap of 39.35 billion, XEL has annualized dividend of $1.95 while the current yield stands at 2.69%. Beta for the stock currently stands at 0.35.
Price Performance and Earnings:
Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of XEL was down-trending over the past week, with a drop of -1.27%, but this was down by -3.85% over a month. Three-month performance surged to 7.68% while six-month performance rose 4.55%. The stock gained 14.65% in the past year, while it has gained 7.02% so far this year. A look at the trailing 12-month EPS for XEL yields 3.01 with Next year EPS estimates of 3.39. For the next quarter, that number is 1.27. This implies an EPS growth rate of 6.00% for this year and 7.07% for next year. EPS is expected to grow by 7.04% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 6.00%.
Float and Shares Shorts:
At present, 546.00 million XEL shares are outstanding with a float of 545.86 million shares on hand for trading. On Aug 30, 2022, short shares totaled 6.48 million, which was 1.18% higher than short shares on Jul 28, 2022. In addition to Mr. Robert C. Frenzel as the firm’s Pres, CEO & Chairman, Mr. Brian J. Van Abel serves as its Exec. VP, CFO & Principal Accounting Officer.
Through their ownership of 79.83% of XEL’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 50.24% of XEL, in contrast to 28.77% held by mutual funds. Shares owned by individuals account for 0.60%. As the largest shareholder in XEL with 8.91% of the stake, The Vanguard Group, Inc. holds 48,753,586 shares worth 48,753,586. A second-largest stockholder of XEL, BlackRock Fund Advisors, holds 36,822,777 shares, controlling over 6.73% of the firm’s shares. SSgA Funds Management, Inc. is the third largest shareholder in XEL, holding 30,655,056 shares or 5.60% stake. With a 2.95% stake in XEL, the Vanguard Total Stock Market Index is the largest stakeholder. A total of 16,115,202 shares are owned by the mutual fund manager. The Vanguard 500 Index Fund, which owns about 2.22% of XEL stock, is the second-largest Mutual Fund holder. It holds 12,154,613 shares valued at 902.48 million. SPDR Series – Utilities Select Se holds 1.67% of the stake in XEL, owning 9,158,829 shares worth 680.04 million.
An Overview of Recent Financials:
Understanding a company as a customer does not mean you will understand it as an investor. The wise investor uses quantitative research to analyze metrics such as revenue, net income, and earnings. In its fiscal quarter reported on Jun 29, 2022, XEL reported revenue of $3.42B and operating income of $469.00M. Over the past year, revenue came in at $14.00B while operating income stood at $2.24B. It generated $328.00M net income for the quarter, which came to $1.63B over the last twelve months. The EBITDA in the recently reported quarter was $1.15B and diluted EPS was $0.60. EBITDA for the full year was $4.68B.
Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for XEL since 16 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 1 suggest SELL ratings. Of the remaining analysts, 5 believe that the stock is worth HOLDING, 1 give it an OVERWEIGHT rating, and 1 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With XEL analysts setting a high price target of $86.00 and a low target of $72.00, the average target price over the next 12 months is $76.92. Based on these targets, XEL could surge 18.7% to reach the target high and fall by -0.62% to reach the target low. Reaching the average price target will result in a growth of 6.17% from current levels.
EPS: Estimates vs Actual
It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. XEL will report FY 2022 earnings on 01/26/2023. Analysts have provided yearly estimates in a range of $3.21 being high and $3.15 being low. For XEL, this leads to a yearly average estimate of $3.17. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Xcel Energy Inc. surprised analysts by -$0.01 when it reported $0.60 EPS against a consensus estimate of $0.61. The surprise factor in the prior quarter was $0.03. Based on analyst estimates, the high estimate for the next quarter is $1.32 and the low estimate is $1.23. The average estimate for the next quarter is thus $1.27.
Dividends & Yield:
In terms of dividends, XEL has a current ratio of $1.95, which is $1.95 over the trailing 12-months, while a dividend of $1.64 is likely to be paid on average over the next five years. Dividend yield is another indicator that appeals to many investors, and XEL currently yields $2.65. In the past year, XEL’s dividend yield has been $2.65, but when looking at the stock over the past five years, its yield has been $2.74. Accordingly, XEL has a current buyback yield of $0.14. This was $0.14 for the TTM.
Summary of Insider Activity:
Insiders traded XEL stock several times over the past three months with 6 Buys and 0 Sells. In these transactions, 2,703 shares were bought while 0 shares were sold. The number of buy transactions has increased to 53 while that of sell transactions has risen to 14 over the past year. The total number of shares bought during that period was 139,255 while 122,799 shares were sold.