Xcel Energy Raises Dividend Amid Strong Growth and Expanding Power Demand
The hike marks Xcel Energy's 22nd consecutive year of dividend increases. CEO Bob Frenzel stated that the increase reflects the board's confidence in the utility's long-term growth strategy and continued operational excellence. The dividend boost follows strong Q1 2025 performance. The company posted $0.84 per share in earnings and invested $2.3 billion in energy infrastructure.
A close-up of an electrical power line with a bright blue sky in the background, highlighting the company's selection of electricity and natural gas services.
Frenzel said in the Q1 2025 earnings call that the company stares at immense growth opportunities as electric demand surges across its service territories. Xcel Energy anticipates needing to deliver between 15,000 and 29,000 megawatts of new generation by 2031 to serve customers. To that end, the company has obtained regulatory approvals for various projects, including a Minnesota settlement for nearly 5,000 megawatts of power generation.
Xcel Energy Inc. (NASDAQ:XEL) is an American electric and natural gas utility company. It serves millions of customers (residential, commercial, and industrial) across eight US states.
While we acknowledge the potential of Xcel Energy Inc. (NASDAQ:XEL) as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an AI stock that is more promising than XEL and that has 100x upside potential, check out our report about the .
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