Xcel Energy (XEL) continues to garner attention, as it's expected the company's earnings will grow. Barclays raised the energy company's price target from $57 to $67, reflecting a bullish sentiment. Furthermore, Xcel hit a new 1-year high, while maintaining strong dividends growth and a 6.60% upside. Among the notable developments, Assenagon Asset Management purchased a significant amount of shares, and the company leads with renewable investments. Despite some indications of slowing rates of return, there are reasons to add Xcel to one's portfolio. Unfortunately, the second quarter earnings and revenues lag, leading to a decline in share prices. Despite Xcel being heavily dominated by institutional owners, concerns about Texas wildfires have introduced potential volatility. Nonetheless, the company perseveres with clean energy campaigns and continues to make strategic investments. While earnings have missed some expectations, and there are fears about potential liabilities from the Texas wildfires, the company's core holdings remain attractive. While the firm's ROE stands at 10%, some still see it as a robust investment, primarily driven by its dedication to achieving carbon reduction goals.
Xcel Energy XEL News Analytics from Fri, 19 Jan 2024 08:00:00 GMT to Sat, 26 Oct 2024 12:30:37 GMT -
Rating 5
- Innovation -3
- Information 7
- Rumor -4
