Xcel Energy Inc.’s Stock Price Dips to $49.57, Marking a Sharp 5.92% Decline

Xcel Energy Inc. (XEL)

49.57 USD -3.12 (-5.92%) Volume: 18.77M

Xcel Energy Inc.’s stock price is currently at 49.57 USD, experiencing a decline of -5.92% this trading session with a trading volume of 18.77M. With a year-to-date performance showing a decrease of -19.93%, XEL’s stock performance is of significant interest to investors monitoring the energy sector.

Latest developments on Xcel Energy Inc.

Mounting legal scrutiny and potential liability in relation to the Texas wildfires have resulted in a significant hit to Xcel Energy Inc‘s (NASDAQ:XEL) stock, with the shares tumbling by -6.74% this week. The energy company’s shares have entered oversold territory, with insider sellers potentially regretting their decision to offload at a lower market value. The company’s stock has underperformed when compared to competitors, despite daily gains, and has crossed the 4% yield mark. The recent Texas Fires have triggered a drop for Xcel, with allegations of a link to a downed Xcel Energy pole as a possible source of the historic wildfire.

A look at Xcel Energy Inc. Smart Scores

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

According to the Smartkarma Smart Scores, Xcel Energy Inc has a positive long-term outlook. The company scores a 3 out of 5 in all categories, including Value, Dividend, Growth, Resilience, and Momentum. This indicates that Xcel Energy Inc is performing well across all factors and has a strong overall outlook.

Xcel Energy Inc is a leading provider of electric and natural gas services in the United States. With utilities serving customers in several states, the company offers a variety of energy-related services, including generation, transmission, and distribution. Based on the Smartkarma Smart Scores, Xcel Energy Inc is expected to continue performing well in the long term, making it a promising investment for shareholders.

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