Significant updates emerged from the energy sector with a focus on
Xcel Energy Inc. (NASDAQ:XEL). Notably,
Dimensional Fund Advisors LP maintains a hefty $94.20 million stock position, while
Franklin Resources Inc. sold 45,853 shares. Additionally,
Xcel Energy's board declared a common stock dividend. Analysts from Wolfe upgraded Xcel, citing potential upside. Simultaneously, news of Xcel tapping Berkshire Hathaway's Rob Bernsten as chief legal officer was announced. Xcel's Q2 earnings and revenues lagged estimates, yet the company continues to gain from investment and customer growth. However, Xcel's shares dipped due to a Texas wildfire with potential liability stemming from the incident. Q1 2025 EPS Estimates for Xcel Energy Inc. were raised suggesting confidence in future performance. Furthermore, Xcel Energy witnessed stock purchases by multiple financial institutions, reinforcing the firm's strong institutional backing. Xcel Energy's renewable investments, clean power generation, and incremental earnings growth are among the other key positives. Despite some drawbacks such as wildfire risks and a strained balance sheet, the company remains a prominent player in the energy sector.
Xcel Energy XEL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Thu, 23 May 2024 19:36:04 GMT -
Rating 7
- Innovation 4
- Information 8
- Rumor 1
