A must add to your portfolio: Xcel Energy Inc. (XEL)
As I write this it is trading at $23.29. Xcel offers a dividend of .25 per share. Average volume is 2.5 million shares per day. They are trading right at the top of their 52 week range. I feel if once they break through this it will continue up.
Key points about the company:
They are a U.S. electricity and Gas Company which operates in 8 states.
Xcel has a customer base of 3.4 million electricity customers and 1.9 million natural gas customers. Who together, in 2009, generated 9.6 billion in revenue. 681 million in total earnings in 2009.
Xcel Energy is the #1 wind power provider in the nation. Wind currently makes up 5% of their portfolio.
The last one is a strong reason I feel they will be a company that will rise significantly over the next decade. Humans currently use mostly nonrenewable energy. This is not a trend that can continue forever. We must tap into energy sources that are renewable. Wind will most certainly be around much longer than petroleum or natural gas. Xcel Energy is a company that has a vision for the future. In that vision, renewable energy sources will come to the forefront of human consumption. Everyone thinks the key is to work to lower consumption. I feel the idea is to make our consumption more economical. Solar is another renewable energy source that absolutely needs to be taken better advantage of. However, Xcel Energy has a great jump on the competition by being the #1 wind provider in the nation.
I am not affiliated with Xcel Energy Inc.; I simply want to make all of you reading this money. If you’d like to make money you will quickly add Xcel Energy Inc. (XEL) to your portfolio. You can thank me later.