Xcel Energy Inc.’s Stock Price Slumps to $48.65, Recording a Significant 4.72% Drop

Xcel Energy Inc. (XEL)

48.65 USD -2.41 (-4.72%) Volume: 12.54M

Xcel Energy Inc.’s stock price stands at 48.65 USD, witnessing a decrease of 4.72% this trading session with a trading volume of 12.54M, reflecting a significant year-to-date dip of 19.33%. Explore the performance and trends of XEL’s stock price in the energy sector.

Latest developments on Xcel Energy Inc.

Despite trading below its fair value, Xcel Energy Inc. (NASDAQ:XEL) managed to outperform competitors on a strong trading day, despite facing accusations of causing the largest wildfire in Texas history through its utility equipment. The company’s FY2024 earnings forecast by Zacks Research and the $56.92 million stock holdings by AQR Capital Management LLC underscore its financial stability. However, Xcel’s stock target was cut to $54 due to wildfire liability concerns, and the company warned Colorado customers of possible outages related to high fire danger.

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

Xcel Energy Inc is a company that provides electric and natural gas services to customers in multiple states. The company has received a score of 3 for value, indicating a stable long-term outlook. This means that Xcel Energy Inc is financially sound and has a strong potential for growth in the future. The company has also received a score of 4 for dividend, which means that it is expected to provide consistent and attractive dividends to its shareholders. With a score of 3 for growth, Xcel Energy Inc is expected to expand and increase its market share in the coming years. The company has also received a score of 3 for resilience, indicating its ability to withstand economic downturns and maintain stability. However, with a score of 2 for momentum, Xcel Energy Inc may face some challenges in terms of market performance. Overall, Xcel Energy Inc has a positive long-term outlook, with strong potential for value, dividends, growth, and resilience.

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