Union Bancaire Privee UBP SA Grows Stake in Xcel Energy Inc. $XEL

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Union Bancaire Privee UBP SA significantly increased its stake in Xcel Energy Inc. ($XEL) by 226.4% in the fourth quarter, reaching a total of 42,354 shares valued at $3.13 million. This increase is part of a broader trend of institutional investors modifying their holdings in the utility company. Xcel Energy also raised its quarterly dividend to $0.5925, offering an annualized yield of 3.1%, while analysts maintain a “Buy” rating with an average target price of $88.44.

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