Is Xcel Energy Inc. (XEL)’s Fuel Running Low? The Stock Formed Bearish Double Bottom Chart Pattern

July 14, 2018 - By Michael Collier

Xcel Energy Inc. (NASDAQ:XEL) Logo

Investors sentiment decreased to 0.96 in Q1 2018. Its down 0.29, from 1.25 in 2017Q4. It worsened, as 47 investors sold Xcel Energy Inc. shares while 198 reduced holdings. 57 funds opened positions while 178 raised stakes. 370.41 million shares or 0.81% more from 367.42 million shares in 2017Q4 were reported.
209,095 are owned by American Grp. Farmers Merchants Invests reported 10,423 shares or 0.04% of all its holdings. Homrich Berg stated it has 17,798 shares. First Citizens National Bank And Trust accumulated 80,645 shares. Korea Investment Corp invested 0.05% in Xcel Energy Inc. (NASDAQ:XEL). Putnam Investments Limited Company holds 198,764 shares. Renaissance Technologies Limited Liability Company invested in 0.15% or 2.96 million shares. Everett Harris Ca holds 8,900 shares. Canada Pension Plan Investment Board holds 345,254 shares or 0.03% of its portfolio. Hanson And Doremus Inv Mngmt reported 3,177 shares. 5,609 are held by Bradley Foster Sargent Ct. Dupont Cap Management holds 2,666 shares or 0% of its portfolio. Brookfield Asset Mgmt owns 0.23% invested in Xcel Energy Inc. (NASDAQ:XEL) for 1.50M shares. Comerica Bank & Trust owns 171,412 shares for 0.06% of their portfolio. Balyasny Asset Mngmt Ltd has 130,760 shares for 0.02% of their portfolio.

Since April 30, 2018, it had 0 insider purchases, and 2 insider sales for $3.90 million activity. FOWKE BENJAMIN G S III sold $3.76 million worth of stock or 80,000 shares.

The chart of Xcel Energy Inc. (XEL) shows a double bottom with $43.49 target or 6.00 % below today’s $46.27 share price. The 7 months chart pattern indicates high risk for the $23.55B company. It was reported on Jul, 14 by If the $43.49 price target is reached, the company will be worth $1.41 billion less. Double bottoms are rare but powerful chart patterns.

The stock decreased 0.15% or $0.07 during the last trading session, reaching $46.27. About 2.10M shares traded. Xcel Energy Inc. (NASDAQ:XEL) has declined 4.38% since July 14, 2017 and is downtrending. It has underperformed by 16.95% the S&P500.

Analysts await Xcel Energy Inc. (NASDAQ:XEL) to report earnings on July, 26 before the open. They expect $0.47 EPS, up 4.44 % or $0.02 from last year’s $0.45 per share. XEL’s profit will be $239.16 million for 24.61 P/E if the $0.47 EPS becomes a reality. After $0.57 actual EPS reported by Xcel Energy Inc. for the previous quarter, Wall Street now forecasts -17.54 % negative EPS growth.

Xcel Energy Inc., through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. The company has market cap of $23.55 billion. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other divisions. It has a 20.56 P/E ratio. The firm generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil and refuse, and wind energy sources.

Xcel Energy Inc. (NASDAQ:XEL) Institutional Positions Chart

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