Xcel energy’s Devin Stockfish purchases $149,578 in stock

Published 12/03/2025, 21:12
Xcel energy’s Devin Stockfish purchases $149,578 in stock

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.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers
© 2007-2025 - Fusion Media Limited. All Rights Reserved.