XEL Stock Recent News
XEL LATEST HEADLINES
Xcel Energy (XEL) reports better-than-expected first-quarter earnings. The company continues to register an increase in electric and natural gas customer volumes.
The headline numbers for Xcel (XEL) give insight into how the company performed in the quarter ended March 2024, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Xcel Energy's (XEL) first-quarter 2024 earnings are expected to bear the brunt of higher expenses despite an expected increase in customer volume.
Why Xcel Energy Could Be A Bargain Despite Wildfire Risks
Xcel Energy (XEL) continues to benefit from its long-term investment plans, clean power generation and expanding customer base.
Utility company Xcel Energy admitted Thursday its equipment was likely “involved in an ignition of the Smokehouse Creek fire,” which has now become the largest wildfire in Texas history after burning over 1 million acres of land in the state's Panhandle region.
Electric utility Xcel Energy said on Thursday its facilities were involved in an ignition of the Smokehouse Creek fire in Texas.
The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.
Xcel Energy expects double-digit ROE and beneficial outcomes in Wisconsin or Minnesota, making it a must-follow stock. The company is focused on reducing the use of coal and investing in clean energy, with plans to invest $4.8 billion in generation resources. I believe that Xcel Energy could be worth close to $75-$76 or more.
Since my last buy recommendation in December, shares of Xcel Energy have underperformed the S&P. The electric and gas utility missed the analyst consensus for operating revenue in Q4 but met the consensus for non-GAAP EPS. Xcel Energy's interest coverage ratio was 2.5, which is decent for a regulated utility.