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Xcel Energy XEL Stock Price Today

It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. 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. A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Geode Capital Management LLC grew its holdings in Xcel Energy by 1.3% during the 1st quarter. Geode Capital Management LLC now owns 12,251,587 shares of the company’s stock worth $825,364,000 after acquiring an additional 162,592 shares in the last quarter.

The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. MINNEAPOLIS–(BUSINESS WIRE)–For the tenth year in a row, Xcel Energy has been honored as one of the World’s Most Admired Companies by Fortune magazine. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Sign-up to receive the latest news and ratings for Xcel Energy and its competitors with MarketBeat’s FREE daily newsletter.

Is It Time to Sell XEL? Shares are up today.

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.

Gallagher Fiduciary Advisors LLC acquired a new position in shares of Xcel Energy during the first quarter worth $968,000. Greenland Capital Management LP purchased a new position in Xcel Energy in the first quarter valued at $10,679,000. HITE Hedge Asset Management LLC increased its holdings in Xcel Energy by 27.6% in the first quarter.

Xcel Energy’s XEL short percent of float has risen 3.81% since its last report. The company recently reported that it has 6.00 million shares sold short, which is 1.09% of all regular shares that are available for trading. Based on its trading volume, it would take traders 1.74 days to cover their short positions on average. Xcel Energy Inc, through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. During times of turbulence and uncertainty in the markets, many investors turn to dividend-yielding stocks. These are often companies that have high free cash flows and reward shareholders with a high…

Xcel Energy Inc. stock underperforms Thursday when compared to competitors despite daily gains

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One analyst has rated the stock with a sell rating, nine have assigned a hold rating and three have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, https://1investing.in/ Xcel Energy has an average rating of “Hold” and a consensus price target of $67.15. High-growth stocks tend to represent the technology, healthcare, and communications sectors.

• 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.
• ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
• Stockholders of record on Friday, September 15th will be paid a dividend of $0.52 per share on Friday, October 20th.
• Mizuho dropped their price objective on Xcel Energy from $72.00 to $69.00 in a report on Tuesday, May 30th.

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…

Overpriced Utilities Stocks to Avoid

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.

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 unova stone evolutions 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.

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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.

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 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.

Xcel Energy Inc. XEL (U.S.: Nasdaq)

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© 2023 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided ‘as-is’ and solely for informational purposes, not for trading purposes or advice, and is delayed. To see all exchange delays and terms of use please see Barchart’s disclaimer. Xcel Energy’s stock is owned by many different institutional and retail investors.

HITE Hedge Asset Management LLC now owns 403,812 shares of the company’s stock valued at $27,233,000 after buying an additional 87,367 shares during the last quarter. Finally, AQR Capital Management LLC raised its stake in Xcel Energy by 4.6% in the first quarter. AQR Capital Management LLC now owns 872,696 shares of the company’s stock valued at $58,602,000 after buying an additional 38,560 shares in the last quarter. 77.83% of the stock is currently owned by hedge funds and other institutional investors.

12 analysts have issued 12-month target prices for Xcel Energy’s stock. On average, they predict the company’s stock price to reach $67.15 in the next year. This suggests a possible upside of 15.5% from the stock’s current price.

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.