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Xcel Energy Inc. stock has reached an all-time high, hitting a price level of 81.16 USD. With a market capitalization of nearly $48 billion, the utility giant continues to demonstrate its market strength. According to InvestingPro analysis, the stock generally trades with low price volatility, making it an attractive option for stability-focused investors. This milestone reflects a significant upward trend for the company, with its stock delivering an impressive 30.12% total return over the past year and 22.82% year-to-date. The surge in stock price underscores investor confidence and the company’s robust performance in the energy sector, supported by a solid dividend yield of 2.84% and a remarkable 54-year track record of consecutive dividend payments. As Xcel Energy continues to expand its operations and focus on sustainable energy solutions, the stock’s impressive growth trajectory highlights its strong market position and potential for future success. While the current P/E ratio of 22.44 suggests premium pricing, detailed valuation metrics and additional insights are available through InvestingPro, which offers 8 more key tips for this stock.
In other recent news, Xcel Energy has reached a significant $640 million settlement to resolve all litigation related to the 2021 Marshall Fire. This settlement includes approximately $350 million covered by insurance, significantly reducing the financial liability that was initially estimated at $2 billion. As a result, S&P Global Ratings revised its outlook for Xcel Energy from negative to stable, affirming the company’s effective risk management. Xcel Energy is taking a one-time $290 million charge to earnings, net of insurance coverage, to address this settlement.
Analysts have responded positively to these developments. KeyBanc has maintained an Overweight rating on Xcel Energy, while Wolfe Research raised its price target to $84, citing the company’s potential for earnings per share growth. Similarly, BMO Capital increased its price target to $84, maintaining an Outperform rating. Additionally, Goldman Sachs reiterated its Buy rating with a price target of $87. These analyst updates reflect confidence in Xcel Energy’s financial stability and future growth potential following the settlement.
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