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#5 – Xcel Energy

Xcel Energy

3 Hidden Takeover Targets to Double Your Money

Like Duke Energy, Xcel Energy Inc. (NYSE: XEL) is a great utility stock that you can snatch up at a bargain. With a yield of 4.2%, it is also a high-yield income investment. After a brief dip below its 200-day moving average in May, Xcel has broken out to reach over $23 per share.

Xcel is the No. 1 wind power provider in the nation and has displayed a major commitment to diversifying its sources of energy. Xcel will be converting nearly 900 megawatts of coal power in Colorado to natural gas generation. Xcel is already the nation’s fifth-largest provider of solar power.

Diversifying sources of energy protects utilities from price spikes in energy resources and gives the utilities better bargaining power with suppliers. That means more profits and more assured dividends for investors.

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