Momentum Stock Watch: Xcel Energy Inc. (XEL)

Company Profile:

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It is a major U.S. electricity and natural gas company, with operations in 8 Western and Midwestern states. Xcel Energy provides a comprehensive portfolio of energy-related products and services to 3.7 million electricity customers and 2.1 million natural gas customers through its regulated operating companies Xcel Energy Inc. was founded in 1909 and is headquartered in Minneapolis, Minnesota.

Recent News:

On June 24, 2021, in a continued commitment to long-term, strategic succession planning, Brian Van Abel, Xcel Energy’s executive vice president and Chief Financial Officer, announced Paul Johnson as Treasurer. Johnson currently serves as vice president of Investor Relations, and in this new role will lead both Treasury and Investor Relations teams and realign them into a combined organization.

The Board of Directors declared a quarterly dividend on its common stock of 45.75 cents per share. The dividends are payable July 20, 2021, to shareholders of record on June 15, 2021.

The company reported 2021 first quarter GAAP and ongoing earnings of $362 million, or $0.67 per share, compared with $295 million, or $0.56 per share in the same period in 2020.

 

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

XEL’s strengths can be seen in its strong profitability compared with its peers. Its net income has increased in recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, the MACD is trying to cross back up and the RSI stands at 39.76 with positive bias. We rate Xcel Energy Inc. (XEL) a STRONG BUY.

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