Nucor earnings beat by $0.08, revenue fell short of estimates
Devin Stockfish, a director at Xcel Energy Inc. (NASDAQ:XEL), recently acquired 2,170 shares of the company’s common stock. The $39.65 billion utility company has maintained dividend payments for 54 consecutive years, currently offering a 3.32% yield. According to InvestingPro analysis, the stock trades at a P/E ratio of 20.16. The shares were purchased at a weighted average price of $68.93, with prices ranging from $68.87 to $68.965. This acquisition, valued at approximately $149,578, increases Stockfish’s direct ownership to a total of 3,006.709 shares. InvestingPro analysis reveals several additional insights about XEL’s financial health and valuation metrics, available in the comprehensive Pro Research Report covering 1,400+ top US stocks.
In other recent news, Xcel Energy reported mixed results for the fourth quarter, with earnings per share (EPS) of $0.81 falling short of analyst expectations of $0.89. Revenue for the quarter was also below projections, coming in at $3.12 billion compared to the estimated $3.77 billion. Despite these shortfalls, Xcel Energy achieved a full-year 2024 adjusted EPS of $3.50, marking its 20th consecutive year of meeting earnings guidance. The company reaffirmed its 2025 EPS guidance range of $3.75 to $3.85, aligning closely with analyst projections.
Additionally, Xcel Energy announced a dividend increase to 57 cents per share, reflecting a 4.1% rise and continuing its two-decade streak of annual dividend growth. In regulatory news, Xcel Energy’s subsidiary, NSP-Minnesota, received approval from the Minnesota Public Utilities Commission for a comprehensive resource plan, which includes significant expansions in renewable energy and storage capacity. The plan features the construction of a 420 MW combustion turbine and a 300 MW battery energy storage system.
Furthermore, Xcel Energy disclosed executive changes with the upcoming retirement of COO Timothy O’Connor, appointing Scott Sharp (OTC:SHCAY) and Michael Lamb to new executive roles. These developments highlight Xcel Energy’s strategic focus on growth, sustainability, and leadership continuity.
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