Xcel Energy Inc. (NASDAQ:XEL) has been the subject of significant movement, according to financial firms Bank of Montreal Can and Invesco Ltd., both of which changed their positions. This move has been mirrored by Cerity Partners, Fmr LLC, and Prudential PLC. Legal & General Group reduced their presence, while World Investment Advisors and OneAscent Financial Services each made important new investments. The shares have reached a new 12-month high, and Wells Fargo & Company and Federated Hermes have adjusted their holdings in response. Multiple firms including Polymer Capital Management and Employees Retirement System of Texas have also altered their stake in the company. Key company milestones include a 4.1% dividend increase and promising earnings previews. However, Xcel Energy has also faced negative outcomes, as evidenced by lower than expected profits due to heightened maintenance costs. The company stock, in addition, missed quarterly estimates, yet reaffirmed its FY25 EPS guidance. Multiple financial entities, from Barclays to UBS Group, continue to forecast strong price appreciation. Unsurprisingly, the company remains a prime consideration for institutional investors with 86% ownership.
Xcel Energy XEL News Analytics from Mon, 14 Oct 2024 07:00:00 GMT to Sat, 12 Apr 2025 10:39:00 GMT -
Rating 3
- Innovation -5
- Information 8
- Rumor -7
