Natixis Advisors and Merit Financial Group have increased their holdings in Xcel Energy Inc. (NASDAQ:XEL), while Los Angeles Capital Management and Atria Wealth Solutions have reduced their shares. The company's stock has a consensus rating of Moderate Buy with a target price of $62.83. However, Xcel's returns have been burdensome, and its balance sheet appears somewhat strained. Despite this, the company continues to gain from its renewable expansion and clean power generation. Legal complications arose as Xcel was named in 15 lawsuits over a Texas wildfire, with its facilities reportedly involved in the largest-ever Texas wildfire. In addition, Xcel's shares fell due to potential wildfire liability. Despite this, Barclays and other analysts have raised their price targets on the stock. A partnership with Ford Pro aims to install 30000 EV Charging Ports by 2030. Finally, Xcel's board has increased its 2024 common dividend by 5.3%.
Xcel Energy XEL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Fri, 10 May 2024 11:26:50 GMT -
Rating -2
- Innovation -1
- Information 5
- Rumor 2
