Xcel Energy Inc. (NASDAQ:XEL) has seen a host of stock market movements recently, with a variety of investment management firms altering their positions.
Raleigh Capital Management,
Scarborough Advisors,
Occudo Quantitative Strategies LP and
Mairs & Power Inc. among others made varying increases in their holdings. However, some others including
Bayesian Capital Management sold off their shares. Xcel is committed to achieving
net-zero carbon emissions by 2050 and has also set an ambitious goal of boasting 10,000 MW wind power to minimize carbon emissions. Xcel Energy's first quarter 2024 earnings surpassed analyst EPS estimates, while Q1 earnings beat revenue lag estimates. It's notable that
wildfire risks in Texas sparked by the utility’s malfunctioning equipment resulted in the company’s share drop. Although 79% of its ownership lies with institutional stakeholders, several insiders have been known to sell the Energy company’s shares at comparatively lower than the current market value. The company recently collaborated with Ford to install 30,000 EV charging ports and has also increased its common dividend by 5.3%. Several lawsuits were filed against Xcel Energy and the company also reported an incremental earnings growth in 2023.
Xcel Energy XEL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 16 Jun 2024 18:06:39 GMT -
Rating 5
- Innovation 3
- Information 7
- Rumor -1
