Xcel Energy Inc. (NASDAQ:XEL) has been subject to considerable financial activity in recent months. Several institutional investors have altered their holdings, with some acquiring shares and others reducing their stake. Despite having somewhat fragile foundations, analysts have dubbed it a potentially undervalued utility stock worth watching. It's of note that the COO, Timothy O'Connor, is set to retire, and the role will be split. Xcel Energy also announced a larger dividend compared to last year, pleasing shareholders. The stock's price target is set at $69.91. The company recently posted their Q1 EPS estimates and shared their Q4 2024 earnings highlights, detailing strong ongoing earnings. However, it fell short on revenue by 7.2%. The company's 2024 year-end earnings report and call were thoroughly comprehensive, commending their efforts to modernise the grid. Furthermore, Xcel Energy's clean energy goals have attracted investor interest. The board has declared a dividend on common stock, raising it to $0.57 per share and demonstrating a continued commitment to its dividend program. Having completed a significant stock offering, the company expanded its capital position, raising $1.18 billion.
Xcel Energy XEL News Analytics from Mon, 23 Sep 2024 07:00:00 GMT to Sat, 08 Mar 2025 12:12:55 GMT -
Rating 6
- Innovation 8
- Information 8
- Rumor -4
