Profile
Sector:
UtilitiesIndustry:
ElectricCountry:
United StatesIPO:
13 March 2001Website:
http://www.xcelenergy.comNext earnings report:
24 January 2025Last dividends:
13 September 2024Next dividends:
N/APrice
after hours | Thu, 21 Nov 2024 00:56:57 GMTAnalysts recommendations
Institutional Ownership
XEL Latest News
Xcel Energy Inc. has completed its registered underwritten offering of 18,320,610 shares of common stock, as part of the forward sale agreements. Barclays and BofA Securities were the main managers for this offering, while Citigroup and Wells Fargo Securities also played key roles. This closing is expected to generate around $1.18 billion in net proceeds.
MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NASDAQ: XEL) has announced the pricing for a registered underwritten offering of 18,320,610 shares of its common stock, set at a public offering price of $65.50 per share. Under specific conditions, the shares are anticipated to be borrowed by the forward purchasers (or their affiliates) from third parties and then sold to the underwriters for distribution.
MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NASDAQ: XEL) has announced the start of a registered underwritten offering for $1.2 billion in common stock. Under specific conditions, the shares will likely be borrowed by forward purchasers (or their affiliates) from third parties and then sold to underwriters as part of the forward sale agreements mentioned. Barclays and BofA Securities are serving as joint bookrunners for this offering.
Xcel Energy Inc. (NASDAQ:XEL) will hold its Q3 2024 Earnings Conference Call on October 31, 2024, at 10:00 AM ET. The call will feature company leaders, including Paul Johnson, Bob Frenzel, and Brian Van Abel, along with various participants from different financial institutions. The operator, Melissa, will guide the event.
Xcel Energy (XEL) reported quarterly earnings of $1.25 per share, which is lower than the Zacks Consensus Estimate of $1.29 per share. This is an increase compared to earnings of $1.23 per share from the same period last year.
MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NASDAQ: XEL) announced its GAAP earnings for the third quarter of 2024, totaling $682 million, or $1.21 per share, which is an increase from $656 million, or $1.19 per share in the same quarter of 2023. The ongoing earnings for this quarter were $707 million, or $1.25 per share, compared to $682 million, or $1.23 per share in the previous year. This growth in ongoing earnings is attributed to the recovery from higher infrastructure investments.
XEL's earnings for the third quarter probably improved due to gaining new customers and a rise in demand from data centers.
Investors looking at Utility - Electric Power stocks probably know about Xcel Energy (XEL) and American Electric Power (AEP). However, which of these two stocks currently provides better value for money for investors?
XEL presents a compelling opportunity for investment due to its potential for growth, impressive return on equity, and ability to enhance shareholder value.
Xcel Energy is still a good investment because it has a positive growth forecast, an undervalued stock price, and a solid financial position. The company's diluted earnings per share (EPS) is expected to rise by 6% in 2024, with more growth likely until 2026. Additionally, the utility's dividend is safe, featuring a low payout ratio and a history of increasing for 21 years.
What type of business is Xcel Energy?
Xcel Energy Inc. is a large holding company engaged in the supply of electricity and natural gas, headquartered in Minneapolis, Minnesota. The company was founded in 1909 and serves customers in eight midwestern and western states. Xcel Energy Inc. through its subsidiaries NSP-Minnesota, NSP-Wisconsin, PSCo, and SPS provides energy-related services. The company also manages the subsidiary WYCO, which develops and leases pipelines, storage and compression facilities, and the interstate pipeline company WGI. In addition, the company is involved in distributing and transitioning customers to renewable energy sources such as wind energy, hydroelectric power, biomass, and solar energy from its own generating facilities and through PPAs.
What sector is Xcel Energy in?
Xcel Energy is in the Utilities sector
What industry is Xcel Energy in?
Xcel Energy is in the Electric industry
What country is Xcel Energy from?
Xcel Energy is headquartered in United States
When did Xcel Energy go public?
Xcel Energy initial public offering (IPO) was on 13 March 2001
What is Xcel Energy website?
https://www.xcelenergy.com
Is Xcel Energy in the S&P 500?
Yes, Xcel Energy is included in the S&P 500 index
Is Xcel Energy in the NASDAQ 100?
Yes, Xcel Energy is included in the NASDAQ 100 index
Is Xcel Energy in the Dow Jones?
No, Xcel Energy is not included in the Dow Jones index
When was Xcel Energy the previous earnings report?
No data
When does Xcel Energy earnings report?
The next expected earnings date for Xcel Energy is 24 January 2025