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Allspring Global Investments Holdings LLC Buys 296,187 Shares of Xcel Energy Inc. $XEL
Allspring Global Investments Holdings LLC significantly increased its stake in Xcel Energy Inc. by 141.1% in the fourth quarter, adding 296,187 shares to own a total of 506,153 shares valued at approximately $37.8 million. Xcel Energy recently announced a quarterly dividend increase to $0.5925 per share, resulting in a 2.9% annualized yield. Despite revenue slightly missing expectations, the company met its EPS consensus and maintains a “Buy” rating from analysts with an average price target of $88.44.