Investment firms have been increasingly acquiring and offloading shares in Xcel Energy Inc. (NASDAQ: XEL). Notably, DAVENPORT & Co LLC, Miller Howard Investments Inc. NY, Mather Group LLC., and Invesco LLC were among the entities increasing their stakes. Meanwhile, Principal Financial Group Inc., Oppenheimer & Co. Inc., and Illinois Municipal Retirement Fund were among those reducing their positions. Strikingly, Xcel Energy is favored by institutional owners who hold 86% of the company.
Future anticipation hangs on Xcel's Quarter Two Earnings, despite a lag in Q1 earnings and revenues which fell behind estimates. Despite operational challenges, Xcel is seen as a bright prospect with solid growth investments in clean energy, transmission, and new energy demand.
Morgan Stanley expressed caution, issuing a bearish forecast and lowering the price target from $78 to $77. Nevertheless, the board declared dividends on common stock and increased the 2025 common dividend by 4.1%. Amidst this flux, Ryan Long was appointed Executive Vice President and Chief Legal and Compliance Officer. No significant news featured product launch or regulatory approvals.
Xcel Energy XEL News Analytics from Mon, 04 Nov 2024 08:00:00 GMT to Sat, 05 Jul 2025 19:46:56 GMT - Rating 2 - Innovation 7 - Information 9 - Rumor 2
