Xcel Energy Inc. has seen substantial
investment changes lately with a number of prominent institutional investors, including
Kingsview Wealth Management LLC and
Intech Investment Management LLC, reducing their stakes. Other firms, such as
Avantax Advisory Services Inc. and
ProShare Advisors LLC, have increased their positions. Its
earnings for Q1 2024 surpassed analyst EPS estimates despite revenues falling below expectations. The energy firm seeks a
$171M gas rate hike in Colorado and continues its expansion into renewable resources, despite drawbacks, such as a strained balance sheet. Xcel Energy also faces a potential lawsuit over causing Texas wildfires, which has raised concerns about its successful growth. The concern has resulted in the re-rating of its value by
Mizuho, while other financial experts are asserting that the company's stock could be a bargain purchase. The Xcel Energy Board has also raised its 2024 common dividend by
5.3%.
Xcel Energy XEL News Analytics from Wed, 20 Sep 2023 07:00:00 GMT to Sun, 21 Jul 2024 23:00:28 GMT -
Rating -2
- Innovation 2
- Information 7
- Rumor -2
