Xcel Energy Inc. (NASDAQ: XEL) has reported earnings for its third fiscal quarter (ending September 30) of $1.21 versus $1.19 for the same period a year ago — an increase of 2%. For the latest four quarters through September 30, E.P.S. were $3.37 versus $3.16 for the same period a year ago — an increase of 7%.
Recent Price Action
Xcel Energy Inc. (NASDAQ: XEL) stock enjoyed a very large increase of 6.0% on 10/31/24. The shares closed at $66.81. Moreover, trading volume in this advance was unusually high at 196% of normal. The stock has been strong relative to the market over the last nine months and has risen 3.9% during the last week.
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 B (Positive). With this rating, PTR’s two proprietary measures of a stock’s current attractiveness are providing consistent signals. Xcel Energy has a slightly positive Appreciation Score of 65 and a good Power Rating of 80, resulting in the Positive Value Trend Rating.
Rating Review
In light of this new information and positive market action we are reviewing our current Overall Rating of B. This review will be completed in the next several days.
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