Copley Financial Group Inc. and Toronto Dominion Bank initiated positions in Xcel Energy Inc. (XEL) while Barclays PLC and M&T Bank Corp reduced their holdings. Xcel launched a $110M Tender Offer for Northern States Power Bonds and raised $1.18B in a major stock offering. JP Morgan has also upgraded XEL stock rating. The company continued to expand its capital position by announcing the closing of a common stock offering with a forward component. The performance of XEL was appreciated as its investors witnessed a 23% return last year. However, Xcel's Q3 2024 earnings missed expectations which spurred several debates among analysts. Xcel also continues to experiment with AI Technology, having launched a Wildfire Detection Network across Texas Panhandle. However, Xcel's slowing rates of return seemed to leave little room for excitement. Despite hitting a 52-week high amid a market rally and gaining a new $71.00 price target at Barclays, there is a note of caution with UBS AM cutting its stock position and Morgan Stanley issuing a pessimistic forecast for XEL's stock price.
Xcel Energy XEL News Analytics from Tue, 25 Jun 2024 07:00:00 GMT to Sat, 14 Dec 2024 15:46:19 GMT -
Rating 2
- Innovation -5
- Information 7
- Rumor -3
