XEL Stock Summary and Trading Ideas (Xcel Energy | NASDAQ:XEL)

Xcel Energy manages utilities serving 3.8 million electric customers and 2.1 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy owners and suppliers in the US with more than half of its electricity sales coming from carbon-free energy.

Xcel Energy trades on the NASDAQ stock market under the symbol XEL.

As of April 18, 2024, XEL stock price climbed to $53.76 with 2,803,605 million shares trading.

XEL has a beta of 0.09, meaning it tends to be less sensitive to market movements. XEL has a correlation of 0.00 to the broad based SPY ETF.

XEL has a market cap of $29.85 billion. This is considered a Large Cap stock.

Last quarter Xcel Energy reported $3 billion in Revenue and $.83 earnings per share. This fell short of revenue expectation by $-568 million and missed earnings estimates by -$.02.

In the last 3 years, XEL stock traded as high as $77.66 and as low as $46.79.

The top ETF exchange traded funds that XEL belongs to (by Net Assets): VTI, VOO, VO, QQQ, XLU.

XEL has underperformed the market in the last year with a return of -19.9%, while the SPY ETF gained +22.2%. In the last 3 month period, XEL fell short of the market, returning -9.0%, while SPY returned +5.2%. However, in the most recent 2 weeks XEL has outperformed the stock market by returning 0.0%, while SPY returned -2.6%.

XEL support price is $52.52 and resistance is $53.86 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that XEL stock will trade within this expected range on the day.