Xcel EnergyNASDAQ: XEL

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NASDAQ: XEL) (Xcel Energy) announced today the pricing of a registered underwritten offering of 18,320,610 shares of its common stock at a public offering price of $65.50 per share in connection with the forward sale agreements described below. Subject to certain conditions, all shares are expected to be borrowed by the forward purchasers (as defined below) (or their affiliates) from third parties and sold to the underwriters and offered in connec.

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.