Xcel Energy (XEL) Stock Looks Fully Priced As Dividend Growth Holds

Xcel Energy has delivered a 41.5% gain over the past three years, a solid showing for a regulated utility stock. That performance puts fresh focus on what investors are really paying for today. The central question now is whether the current share price around US$74 is adequately supported by the dividend stream that Xcel Energy is expected to deliver over time. The 41.5% return over three years puts meaningful weight on the idea that a large share of future investor outcomes may depend on...