Xcel Energy's first quarter
2025 earnings missed expectations, with increased costs impacting profits. However,
shares still attracted
investors like MetLife Investment Management, BI Asset Management Fondsmaeglerselskab, Tower Research, and Mariner LLC who boosted their holdings. Despite the lower earnings, Xcel
reaffirms its 2025 guidance amid reports of rising
sales.
EPS for the quarter came at 84c, falling short of the 92c consensus. During the period, company's strategic investments continued but there were concerns over
revenue falling slightly below expectations.
Analysts have raised Xcel's
price target despite the lag in Q1 earnings. The corporation is poised to
invest $45B following Q1 results and confirmed its FY25 outlook. Despite earnings disappointments, shareholders have found solace in the progress of firm's $45B capital plan and wildfire mitigation initiatives. In the meantime, the company
increased its dividend to $0.57, adding value for shareholders.
Xcel Energy XEL News Analytics from Wed, 18 Dec 2024 08:00:00 GMT to Sat, 26 Apr 2025 23:30:20 GMT -
Rating -3
- Innovation 4
- Information 5
- Rumor 1
