Envestnet Portfolio Solutions Inc. and
Mediolanum International Funds Ltd have boosted their holdings in
Xcel Energy Inc. while
Illinois Municipal Retirement Fund and others such as
Commerce Bank,
Private Advisor Group,
Nordea Investment Management AB, and several others have offloaded their shares. The company is also seeking a $171 million rate hike in Colorado. Xcel Energy has surpassed Q1 2024
EPS estimates and there is a notable increase in the company's short interest. Analysts rate the potential of Xcel as a 'moderate buy.'
Investments driving growth focus on Renewable Expansion and
Clean Power Generation. However, there is news of a
wildfire in Texas which was purportedly caused by Xcel Energy’s equipment, resulting in a lawsuit. An insider selling situation below the current market value attracts attention. In addition, the
balance sheet appears somewhat strained. The
dividend has been increased by 5.3% reflecting investor returns, however, the stock performance is reportedly underperforming the market with regards to the prevailing wildfire risks.
Xcel Energy XEL News Analytics from Thu, 07 Dec 2023 08:00:00 GMT to Sun, 14 Jul 2024 16:44:02 GMT -
Rating 0
- Innovation 4
- Information 7
- Rumor -6
