Xcel Energy (XEL) has been a topic of significant market activity recently. Noticeable market movements include a significant boost in stock positions from Rockefeller Capital Management L.P., Brandywine Global Investment Management LLC, Duff & Phelps Investment Management Co., and Westpac Banking Corp, among others. Despite these acquisitions, some, such as Intech Investment Management LLC and Kayne Anderson Capital Advisors LP, reduced their holdings. On the financial front, XEL earnings and revenues missed estimates for Q3. Further financial assessment revealed that the net margin has decreased as earnings growth lagged behind the market. A subsidiary of the company has also sought a sizable rate increase in New Mexico. On a positive note, Xcel Energy has announced a $60 billion spending plan, causing speculation about the investors' forthcoming responses. The price target for the company has been raised to $94 from $92 at Jefferies reflecting growing outlook. A streamline of updated five years investment plan has also been revealed. Nevertheless, concerns persist about Xcel's extensive use of debt. Overall, while facing both an ambitious spending plan and margin pressure, Xcel Energy remains at the forefront of market attention.
Xcel Energy XEL News Analytics from Wed, 28 May 2025 07:00:00 GMT to Sat, 22 Nov 2025 11:18:11 GMT -
Rating -3
- Innovation 6
- Information 7
- Rumor -5
