Analysts rated Xcel Energy Inc. (XEL) as a Moderate Buy, despite the company's decelerating rates of return and future earnings forecasted at $0.86 Per Share for Q1 2025. Investment firms, including First Bank & Trust, discontinued their interest by selling significant shares of XEL. Although, this trend was also observed with Kingswood Wealth Advisors LLC, Ballentine Partners LLC and Wedmont Private Capital. An unfortunate Wildfire event in Texas negatively affected XEL's shares, leading to price reductions. However, Morgan Stanley remains hopeful by setting the company's Price Target to $62.00. Additionally, entities like Wealth Enhancement Advisory Services LLC and Viking Fund Management continue to remain heavily invested in XEL.
The company's strategic moves include strong investments in Capex and Clean Energy, substantial dividends and significant institutional ownership. While concerns surrounding Xcel's strained balance sheet persist, the feeling of risk was amplified by its recent 5.3% pullback. The latter has led to speculations that institutional owners might take drastic measures. Despite challenges, XEL continually strives for carbon reduction goals and plans for landmark initiatives in EV Charging Ports and clean power generation.
Xcel Energy XEL News Analytics from Thu, 12 Oct 2023 07:00:00 GMT to Sun, 30 Jun 2024 00:20:13 GMT - Rating 3 - Innovation 2 - Information 7 - Rumor -5
