XEL Stock Recent News

Businesses with steady demand for their products or services benefit from more reliable earnings growth. Xcel Energy's ongoing EPS edged 1.6% higher in the nine months ended September 30. The company is financially solid, which is why it possesses an A- credit rating from S&P on a stable outlook.

Xcel Energy (XEL) is expected to further benefit from its long-term investment plans, renewable expansion and customer growth.

The headline numbers for Xcel (XEL) give insight into how the company performed in the quarter ended September 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.

Xcel Energy (XEL) came out with quarterly earnings of $1.23 per share, missing the Zacks Consensus Estimate of $1.27 per share. This compares to earnings of $1.18 per share a year ago.

Investors interested in stocks from the Utility - Electric Power sector have probably already heard of Xcel Energy (XEL) and MGE (MGEE). But which of these two companies is the best option for those looking for undervalued stocks?

Xcel Energy (XEL) makes a strong case for investment, given its earnings growth prospects, strong ROE and ability to increase shareholder value.

MINNEAPOLIS--(BUSINESS WIRE)--On Friday, October 27, 2023, Xcel Energy (NASDAQ: XEL) will host a conference call to review third quarter 2023 financial results. The earnings report will be released prior to the market open on the same date. The call will begin at 9:00 a.m. Central Time. To participate in the conference call, please dial in at least 10 minutes prior to the scheduled start and follow the operator's instructions. You will be asked for the conference password. US Dial-In: 1-866-580.

Xcel Energy's diluted EPS payout ratio is going to remain well within its 60% to 70% targeted payout ratio for 2023. The electric and gas utility experienced a slight drop in its operating revenue and diluted EPS through the first half of 2023. Xcel Energy has a firmly investment-grade balance sheet to support the nearly $30 billion capital spending plan for the next five years.

Xcel Energy (XEL) receives approval from Minnesota officials for expansion of a solar energy project that would provide clean power to more than 150,000 homes.

Xcel Energy (XEL) is expected to further benefit from systematic investments, renewable expansion and customer growth.