Major recent developments for Xcel Energy Inc. (NASDAQ:XEL) include a 5.3% pullback, adding to one-year losses. Despite the losses, Xcel Energy Inc. has outperformed its competitors. Morgan Stanley analysts increased the price target for Xcel Energy to $65.00. The company is moving towards an Electric Vehicle future in Colorado. However, Bruce & Co. Inc sold shares in the company. For Xcel Energy Inc., institutional ownership remains high at >78%. SageView Advisory Group LLC & ClearBridge Investments LLC acquired new shares. Recent institutional sale of shares includes those by HSBC Holdings PLC. The company reported Q1 2024 Earnings surpassing analyst forecasts. Amid these activities, Xcel Energy's stocks experienced day-to-day volatilities but the company maintains a ROE of 10%. A recent lawsuit blames Xcel Energy utility equipment for a wildfire in Texas which has also led some investors to offload their stakes. The Rockefeller Foundation welcomed Xcel Energy as a New Economic Opportunity Coalition Member while the company announced collaboration with Ford Pro for the installation of EV Charging Ports for Business Fleets by 2030.
Xcel Energy XEL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Wed, 29 May 2024 23:04:11 GMT - Rating 2 - Innovation 5 - Information 7 - Rumor -3
