Over recent periods, numerous asset management and investment advisory firms have increased their ownership stakes in Xcel Energy Inc. (NASDAQ:XEL), including Aptus Capital Advisors LLC, Beck Bode LLC, Dean Capital Management, and Freestone Grove Partners LP. Such institutional interests highlight Xcel Energy's attractive position in the market, further solidified by its robust financial flexibility due to new credit agreements. The company has reaffirmed 2025 guidance amidst flourishing sales and earnings, providing investors with steady grounds amidst economic uncertainty.
The company's Q1 earnings and revenues missed estimates which underscored enhanced maintenance costs— however, it is going ahead with a $45B investment plan. Among the flurry of activities, the company announced a public offering of common stock with a forward component, leadership transitions, completed issuances of $1.1 billion in senior notes and plans to upscale its cash tender offers. Despite the earnings miss, Xcel Energy was named one of the world’s most ethical companies for the sixth consecutive year and also won the Federal Approval to Extend Operations at its Monticello Nuclear Plant.
Xcel Energy XEL News Analytics from Mon, 14 Oct 2024 07:00:00 GMT to Sat, 10 May 2025 08:00:44 GMT - Rating 3 - Innovation -1 - Information 6 - Rumor -2
