Xcel Energy (NASDAQ:XEL) has had a busy period, according to various sources.
UBS Group increased their price target on the business to $73.00. Earnings are also said to have been strong, leading to a growing interest in the stock, including
iA Global Asset Management holding a $4.18 million position. The business has issued
$1.1 billion worth of senior notes and the board declared a
4.1% increase in common dividends for 2025. HighTower Advisors LLC and others purchased significant shares, as Xcel Energy was named as possibly the most undervalued utility stock.
Morgan Stanley expects strong price appreciation, and the company just reported their 2024 year-end earnings. They are working with
Tesla and ITRI to deploy a virtual power plant in Colorado. The Q4 earnings lagged estimates, and there are some concerns about the firm's solid earnings being based on weak foundations. Yet, they plan to increase dividends to $0.57.
The retirement of their COO, Timothy O'Connor, triggered organizational changes. The financial future of Xcel looks positive, with a bigger dividend declared, an announcement of a common stock offering with a forward component and a
$350 million offering filed. Lastly, their partnership with Tesla and ITRI is another positive sign for the business.
Xcel Energy XEL News Analytics from Wed, 28 Aug 2024 07:00:00 GMT to Sat, 22 Mar 2025 16:21:19 GMT -
Rating 7
- Innovation 5
- Information 8
- Rumor 5
