Xcel Energy Inc.’s stock price soars to $61.46, marking a bullish 2.23% surge in market performance

Xcel Energy Inc. (XEL)

61.46 USD +1.34 (+2.23%) Volume: 3.68M

Xcel Energy Inc.’s stock price has made a positive leap, trading at 61.46 USD with a 2.23% increase this session, backed by a strong trading volume of 3.68M. Despite a slight year-to-date decrease of 0.73%, XEL continues to show resilience in the energy sector.

Latest developments on Xcel Energy Inc.

Xcel Energy Inc. (NASDAQ:XEL) saw its stock rating upgraded by Argus today, following a change in the company’s plan to charge more for electricity during peak hours. This move comes after Mn Services Vermogensbeheer B.V. sold 6,300 shares of Xcel Energy Inc., while Calamos Advisors LLC increased their stock holdings in the company to $8.63 million. These events have likely contributed to the fluctuations in Xcel Energy Inc.’s stock price today.

Xcel Energy Inc. on Smartkarma

Analysts at Baptista Research have initiated coverage on Xcel Energy Inc on Smartkarma, highlighting the company’s investments in clean energy and grid modernization. In their report titled “Xcel Energy Inc.: Initiation of Coverage – Will Its Investments In Clean Energy & Grid Modernization Pay Off? – Major Drivers,” the analysts discussed Xcel Energy’s first quarter earnings for 2024, where the company announced an increased earnings per share compared to the prior year. Despite operational challenges, Xcel Energy remains committed to enhancing system resiliency, particularly against wildfire risks, and advancing its clean energy initiatives.

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

Based on Smartkarma Smart Scores, Xcel Energy Inc has a generally positive long-term outlook. With a strong score in dividends and momentum, the company is likely to provide stable returns to investors while also showing promising growth potential. Additionally, Xcel Energy Inc has solid scores in value, resilience, and growth, indicating a well-rounded performance across various factors. As a provider of electric and natural gas services in multiple states, Xcel Energy Inc appears to be positioned well for continued success in the energy sector.

Xcel Energy Inc, a company that offers a range of energy-related services across the United States, has received favorable Smartkarma Smart Scores in key areas. With above-average scores in dividends and momentum, Xcel Energy Inc is poised to deliver consistent returns and maintain positive stock performance. The company also shows strength in value, resilience, and growth, reflecting its stable business model and potential for expansion. As a provider of electricity and natural gas in various states, Xcel Energy Inc seems well-equipped to thrive in the competitive energy market.

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