Profund Advisors LLC increased its stake in Xcel Energy Inc. (NASDAQ:XEL), while other shareholders are examining exit strategies. Despite missing Q2 earnings and revenue, Xcel Energy remains a clean energy leader. The board declared dividends on common stock and Jefferies Financial Group initiated coverage on the company. However, a disappointing Q2 performance and revised plans for their Hydrogen Heartland Hub lead to growing doubts. Massachusetts Financial Services Co. MA sold a sizeable number of shares while Xcel Energy's EPS growth attracts attention. Xcel's share price initiates a discussion of risk, but institutional investors remain confident owning 79% of the company. The company's stock recently hit a 52-week high, despite experiencing potential losses from wildfires in Texas. Strong EPS growth and strategic investments highlight the Q2 report, but challenges persist, as shown by Xcel's underperforming market status. The utility's carbon reduction efforts continue while facing criticism for extensive debt use. The company has increased their common dividend and top executives have sold significant stock. Their collaboration with Ford and proposed rate hike in Colorado draw attention as one of the most undervalued utility stocks moving into July 2024.
Xcel Energy XEL News Analytics from Tue, 05 Dec 2023 08:00:00 GMT to Sun, 22 Sep 2024 14:45:24 GMT -
Rating 0
- Innovation -7
- Information 7
- Rumor -2
