Xcel Energy Inc. (NASDAQ:XEL) reports a mix of positive and negative developments in recent months. Despite some reduction in holdings by entities such as
Hennessy Advisors Inc. and
Reinhart Partners LLC, others have increased positions, notably
SG Americas Securities LLC and
Farther Finance Advisors LLC. Not unsurprisingly,
Xcel's performances in the last few quarters have been inconsistent, with some quarters lagging estimates. Yet, the company continues to foster confidence among investors with strategic investments, strong growth, and augmenting power demand. An example of such strategic investment is earmarking $45B for future growth.
Xcel also declared a common stock dividend, affirming its financial health amidst challenging market conditions. Other positive news includes the company outperforming the Utilities sector, gaining a price target increase from
Barclays and
Jefferies, and obtaining federal approval for extended operations at its Monticello nuclear plant. The company remains committed to the energy transition and has been recognized as one of the world's most ethical companies for six consecutive years.
Xcel Energy XEL News Analytics from Mon, 04 Nov 2024 08:00:00 GMT to Sat, 14 Jun 2025 11:46:07 GMT -
Rating 5
- Innovation 6
- Information 6
- Rumor -6
