Xcel Energy (XEL) Stock

XEL stock is a solid choice in the utility sector because of its potential for growth, high return on equity, and capacity to enhance shareholder value.

Investors focusing on the Utility - Electric Power sector may be familiar with Xcel Energy (XEL) and CenterPoint Energy (CNP). However, which of these companies is the better choice for those seeking undervalued stocks?

MINNEAPOLIS--(BUSINESS WIRE)--On February 6, 2025, Xcel Energy (NASDAQ: XEL) will hold a conference call to discuss its financial results for the fourth quarter and the entire year of 2024. The earnings report will be available before the market opens that day. The call is set to start at 9:00 a.m. Central Time, and participants should call in at least 10 minutes early and follow the operator's instructions, including providing the conference password.

XEL has been granted a 20-year extension for its license to operate the Monticello Nuclear Generating plant. This decision helps XEL move towards producing 100% carbon-free electricity.

Xcel is facing criticism for its extreme ESG policies and for not compensating ranchers after it was held accountable for the biggest wildfire in Texas history. Many are upset about how the company has handled the situation. The lack of support for affected ranchers has raised concerns.

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NASDAQ: XEL) has announced a quarterly dividend of 54.75 cents per share on its common stock. This dividend will be paid on January 20, 2025, to shareholders who are on record as of January 6, 2025. Xcel Energy is a significant provider of electricity and natural gas in the U.S., serving 3.8 million customers across eight states in the West and Midwest.

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NASDAQ: XEL) has revealed the pricing details for its earlier announced cash offers (the Tender Offers) to buy specific first mortgage bonds from Northern States Power Company, a Minnesota-based subsidiary of Xcel Energy. This is part of an Offer to Purchase dated December 2, 2024, which has been updated by this press release.

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy Inc. (NASDAQ: XEL) has shared the initial results of its cash purchase offers (the Tender Offers) for up to $110,000,000 in total principal amount of specific first mortgage bonds from Northern States Power Company, a Minnesota-based subsidiary of Xcel Energy. The offers will follow the priority order listed in the table below.

Since my last article with Brad Thomas in September, Xcel Energy has done better than the S&P 500 index. The company's $45 billion capital spending plan over the next five years looks promising for its future growth. Additionally, XEL offers a secure and increasing dividend to its shareholders and is in good financial shape.