Xcel Energy Inc. (NASDAQ:XEL) continues to garner financial and market attention due to a range of events and actions. Despite missed Q2 earnings and revenue estimates, and ongoing wildfire liabilities in Texas, the company's dividend growth and clean energy goals remain attractive to investors. Third Quarter 2024 Earnings Conference calls are also scheduled, which may bring an opportunity for further market analysis. However, certain shareholders are allegedly looking for an exit due to recent uncertainties. Notably, MBB Public Markets I LLC and the Employees Retirement System of Texas have boosted their stakes, while Gabelli Funds LLC and Massachusetts Financial Services Co. have reduced theirs.While the price target being raised to $73.00 by Morgan Stanley and $67.00 by KeyCorp is notable, some analysts suggest that more needs to be done for the company to really multiply in value. Hydrogen Heartland Hub plans are currently under review which could affect future projects. Despite all this, the company continues to invest in renewables and make progress in achieving its carbon reduction goals.
Xcel Energy XEL News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Sun, 29 Sep 2024 11:00:00 GMT -
Rating 0
- Innovation 4
- Information 6
- Rumor -5
