Xcel Energy Inc. (NASDAQ: XEL) has reported earnings for its second fiscal quarter (ending June 30) of $0.54 versus $0.52 for the same period a year ago. For the latest four quarters through June 30, E.P.S. were $3.35 compared to $3.16 a year ago.
Recent Price Action
On 8/1/24, Xcel Energy Inc. (NASDAQ: XEL) stock increased 1.4%, closing at $59.11. Moreover, above average trading volume at 145% of normal accompanied the advance. The stock has risen 4.9% during the last week but has been weak relative to the market over the last nine months.
Current PriceTarget Research Rating
With future capital returns forecasted to exceed the cost of capital, XEL is expected to continue to be an important Value Builder.
Xcel Energy has a current Value Trend Rating of C (Neutral). The Value Trend Rating reflects contradictory signals from PTR’s two proprietary measures of a stock’s attractiveness. Xcel Energy has a good Appreciation Score of 71 but a slightly negative Power Rating of 34, producing the Neutral Value Trend Rating.
Rating Review
In light of this new information we are reviewing our current Overall Rating of C. This review will be completed in the next several days.
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