Xcel Energy continues to draw significant attention from various investment firms, as indicated by shares acquisition by LPL Financial LLC, JPMorgan Chase & Co., Vanguard Group Inc. and NEOS Investment Management LLC among others. However, sell offs have also been reported by giants such as Prudential Financial Inc., American Century Companies Inc and Mitsubishi UFJ Trust & Banking Corp. Xcel Energy board has declared an increase in dividend and is recognized as one of the World's Most Ethical Companies for the sixth consecutive year. Meanwhile, earnings results and projections display a mixed bag with some expert analysis highlighting weak foundations beneath solid earnings. Major institutional ownership is noted with up to 81% of shares held by institutions. The company's stock price targets are being adjusted by Barclays and Morgan Stanley while also embarking on major stock offerings. Leadership changes are in the pipeline with a notable retirement in 2025. A strategic partnership with Tesla and ITRI to deploy a virtual power plant in Colorado and Federal approval to extend Monticello Nuclear Plant operations are key strategic moves.
Xcel Energy XEL News Analytics from Wed, 28 Aug 2024 07:00:00 GMT to Sat, 29 Mar 2025 11:13:51 GMT -
Rating +2
- Innovation 0
- Information +6
- Rumor -5
