Xcel Energy (NASDAQ:XEL) Stock, Quote.Headers.trade-ideas

Xcel Energy

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Xcel Energy manages utilities serving 3.8 million electric customers and 2.2 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 suppliers in the US with more than half of its electricity sales coming from carbon-free energy.

Xcel Energy Inc.

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Xcel Energy extends Monticello Nuclear Plant&#39;s license by 20 years, strengthening its clean energy transition and regional economic impact.

Xcel Energy Secures 20-Year License Extension For Monticello Nuclear Plant, Boosting Clean Energy Goals

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Xcel Energy Inc

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Barclays analyst Nicholas Campanella maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Overweight and lowers the price target from $71 to $69.

Price Target

Barclays Maintains Overweight on Xcel Energy, Lowers Price Target to $69

Wells Fargo analyst Neil Kalton upgrades Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) from Equal-Weight to Overweight and raises the price target from $70 to $72.

Wells Fargo Upgrades Xcel Energy to Overweight, Raises Price Target to $72

On Thursday, Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) announced that it will extend the operation of its Monticello Nuclear Generating Plant, following a recent license renewal by the <a target="_blank" href="https://www.benzinga.com/pressreleases/25/01/b42767152/xcel-energys-monticello-nuclear-plant-receives-federal-approval-to-extend-operations" rel="noreferrer noopener">U.S. Nuclear Regulatory Commission.</a>
The federal approval allows the plant to continue operating for an additional 20 years, until 2050, subject to approval by state regulators. This extension is pivotal to Xcel Energy&#8217;s goal of achieving 100% carbon-free electricity by reinforcing the role of nuclear energy in its clean energy transition.
The Monticello plant has been a vital source of clean, safe, and reliable energy for more than 500,000 homes in the Upper Midwest.
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Xcel Energy Chairman, President, and CEO Bob Frenzel emphasized the importance of the plant in accelerating the company&#8217;s clean energy journey.
&#8220;As the only 24/7 carbon-free energy source we have, nuclear energy will be key to accelerating our journey to a clean energy future while ensuring we also meet the unprecedented growth in our customers&#8217; demand for electricity,&#8221; Frenzel added.
The NRC&#8217;s decision follows a thorough multi-year review process, including extensive inspections, audits, and technical assessments to ensure the plant meets rigorous safety and environmental standards.
The Minnesota Public Utilities Commission has already approved extending Monticello&#8217;s operations through 2040, and Xcel Energy will seek further approval for the remaining 10 years.
In addition to its environmental role, the Monticello plant is a major economic contributor to the region, providing significant employment and tax revenue to the local community.
Price Action: XEL shares are trading lower by 0.64% to $67.09 at last check Thursday.
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20-year license extension supports today's current energy needs and the transition to carbon-free electricity beyond 2025

Contracts

Xcel Energy's Monticello Nuclear Plant To Extend Operations After It Secures Federal Approval

In the current market session, Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) share price is at $68.58, after a 0.54% spike. Moreover, over the past month, the stock decreased by 6.37%, but in the past year, increased by 9.74%. Shareholders might be interested in knowing whether the stock is overvalued, even if the company is performing up to par in the current session. 

<img src="https://www.benzinga.com/files/images/story/2024/1735223411_0.png" alt="Past Year Chart" />

<h3>Xcel Energy P/E Ratio Analysis in Relation to Industry Peers</h3>
The P/E ratio measures the current share price to the company's EPS. It is used by long-term investors to analyze the company's current performance against it's past earnings, historical data and aggregate market data for the industry or the indices, such as S&amp;P 500. A higher P/E indicates that investors expect the company to perform better in the future, and the stock is probably overvalued, but not necessarily. It also could indicate that investors are willing to pay a higher share price currently, because they expect the company to perform better in the upcoming quarters. This leads investors to also remain optimistic about rising dividends in the future. 
Xcel Energy has a better P/E ratio of 20.24 than the aggregate P/E ratio of 17.84 of the Electric Utilities industry. Ideally, one might believe that Xcel Energy Inc. might perform better in the future than it's industry group, but it's probable that the stock is overvalued. 

<img src="https://www.benzinga.com/files/images/story/2024/1735223411_1.png" alt="Guage" />

In conclusion, the price-to-earnings ratio is a useful metric for analyzing a company's market performance, but it has its limitations. While a lower P/E can indicate that a company is undervalued, it can also suggest that shareholders do not expect future growth. Additionally, the P/E ratio should not be used in isolation, as other factors such as industry trends and business cycles can also impact a company's stock price. Therefore, investors should use the P/E ratio in conjunction with other financial metrics and qualitative analysis to make informed investment decisions.

Intraday Update

Price Over Earnings Overview: Xcel Energy

Itron, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ITRI#NASDAQ">ITRI</a>), which is innovating new ways for energy providers and cities to manage energy and water, announced today a collaboration with Xcel Energy to manage the growing number of distributed energy resources (DERs) in Colorado, including residential battery energy storage, to support grid flexibility and customer choice. As part of this collaboration, Xcel Energy has contracted with Itron to deploy an <a href="https://www.globenewswire.com/Tracker?data=hfOmVZrW_eWo3SBhcNnEyzST-tI03Uqmg67Jx-ApMpSQoO9eYYabcs9WdftisdSFPgtgUrlD8nBXJ_5A5378hfQzxgwK6sQDoV3XrBV5S-Lj8da1TNk81fQZGmzr8K6FhQJnx4oQ_jlvLsLLbdTNMkHXRpg2D93HZjRlNBTfrmjDpB9soSZFK9HPeqtZATkO">Aggregator Distributed Energy Resource Management System</a> (DERMS) from Itron's Grid Edge Intelligence portfolio to help manage DERs.

ITRI

Itron And Xcel Energy Collaborate To Manage Growing Number Of Distributed Energy Resources in Colorado, Including Residential Battery Energy Storage, To Support Grid Flexibility And Customer Choice

JP Morgan analyst Jeremy Tonet upgrades Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) from Neutral to Overweight and raises the price target from $69 to $80.

JP Morgan Upgrades Xcel Energy to Overweight, Raises Price Target to $80

Keybanc analyst Sophie Karp maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Overweight and raises the price target from $74 to $79.

Keybanc Maintains Overweight on Xcel Energy, Raises Price Target to $79

Barclays analyst Nicholas Campanella maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Overweight and raises the price target from $67 to $71.

Barclays Maintains Overweight on Xcel Energy, Raises Price Target to $71

Morgan Stanley analyst Stephen Byrd maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Equal-Weight and lowers the price target from $74 to $72.

Morgan Stanley Maintains Equal-Weight on Xcel Energy, Lowers Price Target to $72

As of Nov. 15, 2024, four stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>. 
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Pure Cycle Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/PCYO#NASDAQ">PCYO</a>)</h3>
<ul>
<li>On Nov. 13, Pure Cycle reported a year-over-year increase in fourth-quarter financial results. &#8220;Due to the continued success of our Sky Ranch Master Planned community, we now have three phases of lot development under construction accelerating the timing of delivering our lots to home builder customers as well as lots for our single-family rental segment. As we complete final landscaping in Phase 2A, lot production accelerated deliveries in the remaining half of our fiscal year with completion of approximately 211 lots in Phase 2B and substantial progress on our overlapping production of 228 lots in Phase 2C,&#8221; commented Mark Harding, CEO of Pure Cycle. The company's stock gained around 23% over the past month and has a <a href="https://www.benzinga.com/quote/PCYO">52-week high of $13.40</a>.</li>
<li>RSI Value: 81.73&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>PCYO Price Action: Shares of Pure Cycle gained 11.6% to close at $13.04 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Pampa Energia S.A. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/PAM#NYSE">PAM</a>)</h3>
<ul>
<li>On Nov. 6, the company reported quarterly earnings of $2.70 per share which beat the analyst consensus estimate of $1.90 per share. The company reported quarterly sales of $540.000 million which missed the analyst consensus estimate of $581.284 million. The company's stock gained around 16% over the past month and <a href="https://www.benzinga.com/quote/PAM">has a 52-week high</a> of $76.31.</li>
<li>RSI Value: 82.26</li>
<li>PAM Price Action: Shares of Pampa Energia gained 2.5% to close at $75.84 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Xcel Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>)</h3>
<ul>
<li>On Nov. 4, Xcel Energy announced a registered underwritten offering of 18,320,610 shares of its common stock at a public offering price of $65.50 per share. The company's stock gained around 9% over the past month and has a <a href="https://www.benzinga.com/quote/XEL">52-week high</a> of $69.53.</li>
<li>RSI Value: 71.29</li>
<li>XEL Price Action: Shares of Xcel Energy gained 0.4% to close at $68.91 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">IDACORP Inc (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDA#NYSE">IDA</a>)</h3>
<ul>
<li>On Oct. 31, Idacorp reported quarterly earnings of $2.12 per share which missed the analyst consensus estimate of $2.18 per share. The company's stock jumped around 13% over the past month and has a 52-week high is $119.65.</li>
<li>RSI Value: 73.18</li>
<li>IDA Price Action: Shares of IDACORP fell 0.5% to close at $116.74 on Thursday. </li>
</ul>
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Offerings

Xcel Energy Announces Registered Underwritten Offering Of 18,320,610 Shares Of Its Common Stock At A Public Offering Price Of $65.50 Per Share

Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) (Xcel Energy) announced today the commencement of a registered underwritten offering of $1.2 billion of shares of its common stock. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their affiliates) from third parties and sold to the underwriters and offered in connection with the forward sale agreements described below. Barclays and BofA Securities are acting as joint book-running managers for this offering. The underwriters may offer shares of Xcel Energy's common stock in transactions on the Nasdaq Stock Market LLC, in the over-the-counter market, through negotiated transactions or otherwise at market prices prevailing at the time of sale, at prices related to prevailing market prices or at negotiated prices.
In connection with the offering, Xcel Energy expects to enter into separate forward sale agreements with each of Barclays Bank PLC and Bank of America, N.A. (in such capacity, the forward purchasers) under which Xcel Energy will agree to issue and sell shares of its common stock to the forward purchasers at an initial forward sale price per share equal to the price per share at which the underwriters purchase the shares in the offering, subject to certain adjustments, upon physical settlement of the relevant forward sale agreement. In addition, the underwriters of the offering expect to be granted a 30-day option to purchase up to an additional $180 million of shares of Xcel Energy's common stock upon the same terms. If the underwriters exercise their option, Xcel Energy may elect to enter into additional forward sale agreements with the forward purchasers with respect to the additional shares or to issue and sell such shares directly to the underwriters.
Settlement of the forward sale agreements is expected to occur on or prior to June 30, 2026. Xcel Energy may, subject to certain conditions, elect cash settlement or net share settlement for all or a portion of its rights or obligations under either of the forward sale agreements.
If Xcel Energy elects physical settlement of either of the forward sale agreements, it presently expects to use the net proceeds for general corporate purposes, which may include capital contributions to its utility subsidiaries, acquisitions, and/or repayment of short-term debt.

Xcel Energy Announces $1.2B Stock Sale, Plans for Corporate Funding

Top Wall Street analysts changed their outlook on these top names. For a complete view of all analyst rating changes, including upgrades and downgrades, please see our <a href="https://www.benzinga.com/analyst-stock-ratings">analyst ratings page</a>.
<ul>
<li>Mizuho analyst Anthony Crowdell upgraded the rating for IDACORP, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/IDA#NYSE">IDA</a>) from Neutral to Outperform and raised the price target from $102 to $116. Idacorp shares closed at $103.48 on Thursday. <a href="https://www.benzinga.com/quote/IDA/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>William Blair analyst Myles Minter upgraded argenx SE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARGX#NASDAQ">ARGX</a>) from Market Perform to Outperform. argenx shares closed at $586.30 on Thursday. <a href="https://www.benzinga.com/quote/ARGX/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Keybanc analyst Jason Celino upgraded Atlassian Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TEAM#NASDAQ">TEAM</a>) from Sector Weight to Overweight and announced a $260 price target. Atlassian shares closed at $188.54 on Thursday. <a href="https://www.benzinga.com/quote/TEAM/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Jefferies analyst Paul Zimbardo upgraded the rating for Xcel Energy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) from Hold to Buy and raised the price target from $71 to $76. Xcel Energy shares closed at $66.81 on Thursday. <a href="https://www.benzinga.com/quote/XEL/analyst-ratings">See how other analysts view this stock</a>.</li>
<li>Craig-Hallum analyst Christian Schwab upgraded Cohu, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COHU#NASDAQ">COHU</a>) from Hold to Buy and announced a $30 price target. Cohu shares closed at $24.91 on Thursday. <a href="https://www.benzinga.com/quote/COHU/analyst-ratings">See how other analysts view this stock.</a></li>
</ul>
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<figure class="wp-block-image size-large is-resized"><img loading="lazy" decoding="async" width="1024" height="521" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-1024x521.png" alt="" class="wp-image-625822" style="width:633px;height:auto" srcset="https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-1024x521.png 1024w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-300x153.png 300w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3-768x391.png 768w,https://editorial-assets.benzinga.com/wp-content/uploads/2024/11/01111859/image-3.png 1248w" sizes="(max-width: 1024px) 100vw, 1024px" /></figure>
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Keybanc analyst Sophie Karp maintains Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) with a Overweight and raises the price target from $69 to $74.

Keybanc Maintains Overweight on Xcel Energy, Raises Price Target to $74

Jefferies analyst Paul Zimbardo upgrades Xcel Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>) from Hold to Buy and raises the price target from $71 to $76.

Jefferies Upgrades Xcel Energy to Buy, Raises Price Target to $76

As of Nov. 1, 2024, two stocks in the utilities sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.
The RSI is a momentum indicator, which compares a stock&#8217;s strength on days when prices go up to its strength on days when prices go down. When compared to a stock&#8217;s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the <a href="https://www.benzinga.com/topic/rsi">RSI is above 70</a>, according to <a href="https://pro.benzinga.com/">Benzinga Pro</a>.  
Here's the latest list of major overbought players in this sector.
<h3 class="wp-block-heading">Entergy Corp (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ETR#NYSE">ETR</a>)</h3>
<ul>
<li>On Oct. 31, Entergy reported better-than-expected quarterly earnings and raised FY24 EPS outlook.. &#8220;We achieved outstanding results across operational, regulatory, resilience, and growth dimensions,&#8221; said Drew Marsh, Entergy Chair and Chief Executive Officer. &#8220;These outcomes are the result of strong execution and leveraging a stakeholder engagement model that starts with the customer and ensures value is created for all stakeholders.&#8221; The company's stock gained around 16% over the past month and has a <a href="https://www.benzinga.com/quote/ETR">52-week high of $156.85</a>.</li>
<li>RSI Value: 90.51&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;</li>
<li>ETR Price Action: Shares of Entergy gained 15.2% to close at $154.78 on Thursday.</li>
</ul>
<h3 class="wp-block-heading">Xcel Energy Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/XEL#NASDAQ">XEL</a>)</h3>
<ul>
<li>On Oct. 31, Xcel Energy posted downbeat quarterly earnings. &#8220;The U.S. energy industry is on the cusp of its biggest transition in a century,&#8221; said Bob Frenzel, chairman, president and CEO of Xcel Energy. &#8220;The unprecedented energy demand to power new technologies, grow U.S.-based manufacturing and support the electrification of our daily lives requires a fundamental shift in how our industry generates and delivers energy, while ensuring our infrastructure is designed to withstand severe weather events and other risks.&#8221; The company's stock gained around 2% over the past five days and <a href="https://www.benzinga.com/quote/XEL">has a 52-week high</a> of $67.73.</li>
<li>RSI Value: 75.43</li>
<li>XEL Price Action: Shares of Xcel Energy gained 6% to close at $66.81 on Thursday. </li>
</ul>
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Top 2 Utilities Stocks That May Crash This Quarter

WIIM

Xcel Energy shares are trading higher. The company reported Q3 financial results.

Xcel Energy 2024 Earnings Guidance —Xcel Energy's 2024 ongoing earnings guidance is a range of $3.50 to $3.60 per share.(a)
 &nbsp;
Key assumptions as compared with 2023 actual levels unless noted:
•Constructive outcomes in all pending rate case and regulatory proceedings, including requests for deferral of incremental insurance costs associated with wildfire risk.
•Normal weather patterns for the remainder of the year.
•Weather-normalized retail electric sales are projected to increase ~1%.
•Weather-normalized retail firm natural gas sales are projected to decline by ~1%.
•Capital rider revenue is projected to increase $60 million to $70 million (net of PTCs).
•O&amp;M expenses are projected to increase 3% to 4%.
•Depreciation expense is projected to increase approximately $290 million to $300 million.
•Property taxes are expected to decline $10 to $20 million.
•Interest expense (net of AFUDC - debt) is projected to increase $130 million to $140 million, net of interest income.
•AFUDC - equity is projected to increase $70 million to $80 million.
 &nbsp;
Xcel Energy 2025 Earnings Guidance —Xcel Energy's 2025 ongoing earnings guidance is a range of $3.75 to $3.85 per share.(a)
 &nbsp;
Key assumptions as compared with 2024 projected levels unless noted:
•Constructive outcomes in all pending rate case and regulatory proceedings, including requests for deferral of incremental insurance costs associated with wildfire risk and recovery of O&amp;M costs associated with wildfire mitigation plans.
•Normal weather patterns for the year.
•Weather-normalized retail electric sales are projected to increase ~3%.
•Weather-normalized retail firm natural gas sales are projected to increase ~1%.
•Capital rider revenue is projected to increase $240 million to $250 million (net of PTCs).
•O&amp;M expenses are projected to increase ~3%.
•Depreciation expense is projected to increase approximately $210 million to $220 million.
•Property taxes are projected to increase $40 million to $50 million.
•Interest expense (net of AFUDC - debt) is projected to increase $130 million to $140 million, net of interest income.
•AFUDC - equity is projected to increase $120 million to $130 million.
 &nbsp;

Guidance

Xcel Energy Reiterated FY24 Adj EPS Of $3.50-$3.60 Vs $3.56 Est, Initiated FY25 Adj EPS Of $3.75-$3.85 Vs $3.83 Est

Press Releases

Xcel Energy Announces Closing of Common Stock Offering with a Forward Component

Commodities

Xcel Energy Announces Cash Tender Offers for up to $110,000,000 of Outstanding First Mortgage Bonds Issued By Northern States Power Company (a Minnesota corporation)

Xcel Energy Using AI Technology to Detect Wildfires in Texas Panhandle

Xcel Energy Announces the Early Results of its Cash Tender Offers for Outstanding First Mortgage Bonds Issued by Northern States Power Company (a Minnesota corporation)

Xcel Energy Announces the Pricing Terms and Upsizing of its Cash Tender Offers for Outstanding First Mortgage Bonds Issued by Northern States Power Company (a Minnesota Corporation)

Xcel Energy Inc. Board Declares Dividend on Common Stock

Xcel Energy's Monticello Nuclear Plant Receives Federal Approval to Extend Operations

Xcel Energy 2024 Year End Earnings Conference Call

Xcel Energy Announces Investor Relations Leadership Transition

Xcel Energy Elects Devin Stockfish to Board of Directors

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