The recent developments in the Xcel Energy Inc. (NASDAQ:XEL) stocks indicate a range of investment activities. National Pension Service, Anchor Capital Advisors LLC, Blackhawk Capital Partners LLC, Illinois Municipal Retirement Fund, Los Angeles Capital Management LLC, Private Advisor Group LLC, Allianz Asset Management GmbH, D.A. Davidson & CO, and Hudson Edge Investment Partners Inc are among institutions decreasing their stakes. However, counteracting these sales are several firms including FourThought Financial Partners LLC, Atria Wealth Solutions Inc, Vaughan David Investments LLC IL, Atlantic Family Wealth LLC, Mn Services Vermogensbeheer B.V, Edge Capital Group LLC, Asset Management One Co. Ltd, ING Groep NV, and RWC Asset Management LLP who have increased their investments significantly.
The company has reported a quarterly dividend increment of 4.1% to 57c per share. Despite missing Q4 earnings and revenue estimates, Xcel is focusing on grid modernization and maintains FY25 EPS Guidance. Moreover, the company has raised $1.18B in a significant stock offering. Analysts remain bullish about Xcel expecting 6.60% upside and strong dividend growth. Lastly, the company received federal approval to extend operations at its Monticello Nuclear Plant.
Xcel Energy XEL News Analytics from Tue, 27 Aug 2024 07:00:00 GMT to Sat, 01 Mar 2025 11:40:55 GMT - Rating 5 - Innovation 3 - Information 8 - Rumor -1
