Xcel Energy Inc. (NASDAQ:XEL) is frequently in the news as financial institutions and investment companies continuously adjust their positions in the company. For instance,
Contravisory Investment Management Inc. recently acquired shares in Xcel Energy as part of its new investment strategy. Similarly, significant holdings were bought by entities like
Czech National Bank and
Ascent Group LLC, while entities like
Toronto Dominion Bank and
California State Teachers Retirement System reduced their stakes in the company.
In financial performance, Xcel Energy recorded a mixed bag in the past quarter, evidently missing revenue estimates and yet deciding to invest $45B according to their quarterly earnings report. Moreover, they have declared dividends for common stock and are witnessing an expansion in power demand. Interestingly,
Morgan Stanley has set a price target of $78.00 for Xcel Energy.
Strategically, Xcel has announced leadership transitions and approved compensation plans for board members. In a strategic partnership, The Minnesota Wild made an announcement about their new collaboration with Xcel Energy. Plus, a notable departure is on the horizon with the company's Chief Operations Officer set to retire this summer.
Xcel Energy XEL News Analytics from Mon, 04 Nov 2024 08:00:00 GMT to Sat, 07 Jun 2025 18:21:54 GMT -
Rating 2
- Innovation 4
- Information 7
- Rumor -3
