Shares of Xcel Energy Inc. (XEL - Free Report) rallied to a new 52-week high of $44.11 during yesterday’s trading session, before closing a tad lower at $43.85. Minneapolis, MN-based Xcel Energy is a utility holding company which, together with its subsidiaries, supplies natural gas and electricity across the U.S. The stock has delivered a one-year return of about 41.2%.
Over the past 52 weeks, Xcel Energy’s shares have ranged from a low of $32.02 on Jun 30, 2015 to a high of $44.11 on Jun 29, 2016. The average volume of shares traded over the last three months is approximately 3.2 million.
What’s Driving the Stock?
The long-term investment plans of the company will strengthen its operations and help it to serve its expanding customer base in a more reliable and efficient manner. The company is also benefitting from improving economic conditions in its service territories.
XCEL ENERGY INC Price
With the demand for clean, emission-free sources of energy growing rapidly in the U.S., Xcel Energy’s focus on large-scale clean energy projects, along with the extension of Production Tax Credit for wind energy and Investment Tax Credit for solar energy, will help the company achieve its long-term EPS growth target of 4–6%.
Xcel Energy is also investing heavily in transmission, generation and distribution projects in a bid to improve its performance over the long haul. Roughly 76% of the planned capital expenditure of $15.2 billion for the 2016–2020 period will be utilized for the expansion and consolidation of its operational infrastructure. Systematic long-term investments will enable the company to cater to its expanding customer base in a more reliable and efficient manner.
Xcel Energy currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the utility-electric power space include Black Hills Corporation (BKH - Free Report) , Spark Energy, Inc. and Korea Electric Power Corp. (KEP - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Shares of Xcel Energy Inc. (XEL - Free Report) rallied to a new 52-week high of $44.11 during yesterday’s trading session, before closing a tad lower at $43.85. Minneapolis, MN-based Xcel Energy is a utility holding company which, together with its subsidiaries, supplies natural gas and electricity across the U.S. The stock has delivered a one-year return of about 41.2%.
Over the past 52 weeks, Xcel Energy’s shares have ranged from a low of $32.02 on Jun 30, 2015 to a high of $44.11 on Jun 29, 2016. The average volume of shares traded over the last three months is approximately 3.2 million.
What’s Driving the Stock?
The long-term investment plans of the company will strengthen its operations and help it to serve its expanding customer base in a more reliable and efficient manner. The company is also benefitting from improving economic conditions in its service territories.
XCEL ENERGY INC Price
With the demand for clean, emission-free sources of energy growing rapidly in the U.S., Xcel Energy’s focus on large-scale clean energy projects, along with the extension of Production Tax Credit for wind energy and Investment Tax Credit for solar energy, will help the company achieve its long-term EPS growth target of 4–6%.
Xcel Energy is also investing heavily in transmission, generation and distribution projects in a bid to improve its performance over the long haul. Roughly 76% of the planned capital expenditure of $15.2 billion for the 2016–2020 period will be utilized for the expansion and consolidation of its operational infrastructure. Systematic long-term investments will enable the company to cater to its expanding customer base in a more reliable and efficient manner.
Xcel Energy currently carries a Zacks Rank #3 (Hold).
Stocks to Consider
Some better-ranked stocks in the utility-electric power space include Black Hills Corporation (BKH - Free Report) , Spark Energy, Inc. and Korea Electric Power Corp. (KEP - Free Report) , each sporting a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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