Xcel Energy (XEL) appears to be drawing a lion's share of attention from institutional investors like the Teacher Retirement System of Texas, Franklin Resources Inc., Nicollet Investment Management Inc., Prudential Financial Inc., and Korea Investment CORP. They have significantly increased or reduced their holdings in XEL recently. In line with this, UBS and Barclays have both raised their price target for the utility stock, hinting at its substantial potential for growth. Xcel has announced a 4.1% increase in its common dividends for 2025 and is seeking approval for multi-year rate increases. Despite these optimistic forecasts, the firm's Q4 earnings and revenues have lagged behind estimates, and a few concerns have been raised about their solid earnings being based on potentially weak foundations. However, Xcel's dedication to its vision is tangible, with a focus on grid modernization and ongoing strategic investments paired with an expanded customer base. An important mention is Xcel's recognition as one of the World's Most Ethical Companies for the sixth consecutive year.
Xcel Energy XEL News Analytics from Mon, 14 Oct 2024 07:00:00 GMT to Sun, 06 Apr 2025 00:00:38 GMT -
Rating 8
- Innovation 3
- Information 9
- Rumor -5
