News focused on
Xcel Energy Inc. (XEL) has been both positive and negative, with highlights on its investment endeavors, customer growth, and renewable expansion. The company reported Q1 2024 earnings, beating EPS estimates, and exceeding Q1 earnings and revenue forecasts. However, a Texas wildfire has been a major setback, pulling the stock price down.
Q2 2024 earnings have been projected by Zacks, indicating potential growth. Despite some underperformance against competitors, the balance sheet seems strained, and the wildfire liability remains a concern. Key institutional ownership figures imply faith in XEL, with Mitsubishi UFJ Asset Management and AGF Management Ltd making significant acquisitions of XEL shares and Barclays raising the price target to $57.00. Notably, a collaboration with
Ford Pro to install EV charging ports by 2030 suggests expansion in renewable energy sector. XEL’s dividend has also seen a 5.3% increase in 2024. Some investors may consider XEL a bargain despite wildfire risks. However, shareholder profits have not seen substantial growth despite 1.5% earnings increase over the past 3 years.
Xcel Energy XEL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sat, 18 May 2024 20:34:32 GMT -
Rating -1
- Innovation 4
- Information 5
- Rumor -2
