Xcel Energy Inc. (NASDAQ:XEL) is among the 11 Best Utility Stocks to Invest in According to Hedge Funds. The company engages in electricity generation, transmission, and distribution in the US. Morgan Stanley lowered XEL’s price target from $84 to $79, citing political and regulatory risks. XEL faces a lawsuit for negligence in causing a massive wildfire in 2024, seeking compensation and corrective action. XEL expressed disappointment and established a fund for victims.

Read more at Yahoo Finance: Xcel Energy (XEL) Sued for ‘Blatant Negligence’ in Wildfire Incident