There have been several developments involving Xcel Energy (XEL). Alpha Cubed Investments and Lbp Am Sa have acquired new holdings in the company, while M&T Bank Corp and Allworth Financial sold significant shares. Jefferies increased its price target for Xcel from $79 to $80, while the stock holds an average rating of 'Moderate Buy' from various brokerages due to its conservative growth plan. The Board declared dividends on common stocks, while the company appears to be highly leveraged. It seems XEL is a safe investment during a recession. The company has appointed Ryan Long as EVP and Chief Legal and Compliance Officer and seems well-favoured among institutional owners. Despite some institutions reducing their holdings, many others have boosted or newly invested, indicating confidence in the company. XCEL has submitted a request for a $44 million rate increase. There were mixed responses to Xcel's Q1 earnings report, largely attributed to high operational costs, but the company's plans for $45 billion investment show promise for its future growth. Another reinforcement of trust by investors comes from Xcel's decision to increase its dividends, signalling optimism for future profitability despite surpassing most utility sector stocks in performance.
Xcel Energy XEL News Analytics from Thu, 31 Oct 2024 07:00:00 GMT to Sat, 12 Jul 2025 03:37:06 GMT - Rating 7 - Innovation 3 - Information 9 - Rumor -8
