Xcel Energy (NASDAQ:XEL) has been in the forefront demonstrating a strong balance sheet with substantial financial growth. The company, however, has missed its Q2 earnings and revenue estimates causing doubts over its Hydrogen Heartland Hub. As a result, Sumitomo Mitsui Trust Holdings Inc. and Bremer Bank National Association have reduced their stakes in Xcel Energy. On the flip side, Sequoia Financial Advisors LLC and Gradient Investments LLC acquired more shares of the company. Wall Street has given a mixed signal about Xcel's business outlook. Despite missing earnings estimates and mitigation of wildfire risks in Texas, the company continues to attract investors due to its strong EPS growth, strategic investments, and continuous progress in achieving carbon reduction goals. The company's board has also increased the common dividend by 5.3%. However, there are concerns about the company extensively using debt. These factors combined made Xcel Energy recently lose 5.3% value, adding to the one-year losses. Nevertheless, the company's renewable expansion and investment trends have kept the institutional ownership high at 79%.
Xcel Energy XEL News Analytics from Tue, 19 Dec 2023 08:00:00 GMT to Sun, 18 Aug 2024 17:21:45 GMT -
Rating 0
- Innovation 8
- Information 7
- Rumor 4
