#Xel stock price today upgrade
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and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Image Source: Zacks Investment Research Zacks RankįirstEnergy currently carries a Zacks Rank #3 (Hold). In the past month, shares of FirstEnergy have lost 1.6% compared with the industry’s 4.5% decline. The Zacks Consensus Estimate for 2023 EPS implies a year-over-year improvement of 6.64%.

This includes approximately $75 billion to modernize and strengthen its transmission and distribution infrastructure.ĭUK’s long-term earnings growth rate is 6.18%. Almost 85% of the company’s planned investment funds its generation fleet transition and grid modernization. It invests heavily in infrastructure and expansion projects. The Zacks Consensus Estimate for 2023 EPS implies a year-over-year improvement of 4%.ĭuke Energy remains focused on expanding its scale of operations and implementing modern technologies at its facilities. It plans to spend nearly $31.3 billion during 2023-2026 on regulated utility operations for grid modernization and enhancement of its infrastructure’s resilience.ĮXC’s long-term earnings growth rate is 6.68%. The Zacks Consensus Estimate for 2023 earnings per share (EPS) implies a year-over-year improvement of 6%.Įxelon invests substantially in infrastructure projects. XEL’s long-term (three to five years) earnings growth rate is 6.3%. Xcel Energy aims to spend $29.5 billion during 2023-2027, out of which the company plans to invest nearly $18 billion in strengthening its electric distribution and transmission operations.

#Xel stock price today free

( XEL Quick Quote XEL - Free Report), Exelon Corporation ( EXC Quick Quote EXC - Free Report) and Duke Energy ( DUK Quick Quote DUK - Free Report) are adopting measures to strengthen their existing infrastructure. The objective is to warrant proper supply of electricity to millions of customers across the United States.Īlong with FirstEnergy, other electric power companies like Xcel Energy, Inc.

#Xel stock price today upgrade

In order to provide reliable service to customers, utilities make systematic investment to upgrade transmission and distribution lines and develop new substations. These inspections and maintenance tasks are crucial to maintaining service reliability and ensuring customer satisfaction. Strengthening of the transmission lines will allow FirstEnergy to transmit electricity even during adverse weather conditions.Ī rise in temperature not only increases the demand for electricity but also poses a threat to electric infrastructure. The company projects an investment of $5.9 billion and $5.4 billion in regulated distribution and regulated transmission, respectively, during the same period. The idea was to modernize and improve the reliability and resiliency of its transmission system.įE expects to invest nearly $11.4 billion in the 2023-2025 period to further strengthen its existing operations. Through 2022, the company invested more than $10 billion in the plan. FirstEnergy’s ‘Energizing the Future’ plan is aimed at enhancing and expanding its regulated transmission capabilities. In the past several years, Regulated Distribution has experienced rate base growth through investments. The company’s strategic investment will help it serve its 6 million customers more efficiently.

It also trimmed trees along transmission lines in order to safeguard them against disruptions caused by trees during severe weather events. The helicopter patrols conducted inspections of nearly 18,000 miles of high-voltage power lines, with personnel examining the wires, equipment and structures for potential maintenance issues.įirstEnergy uses thermovision cameras to take infrared pictures of electrical equipment, assisting in the identification of possible issues in power lines and substations. The company used helicopters for quick and efficient execution of the job. This proactive annual probe ensures that FE’s transmission lines can operate efficiently during the summer and transfer high-voltage power from generation units to the designated locations.

FirstEnergy Corporation ( FE Quick Quote FE - Free Report) and its transmission subsidiaries completed the necessary inspection and maintenance of its transmission system.