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Comerica Bank Decreases Holdings in Xcel Energy Inc. $XEL
Comerica Bank has reduced its stake in Xcel Energy Inc. by 18.3% in the fourth quarter, selling 27,821 shares and now owning 124,381 shares valued at $9.19 million. Despite this reduction from Comerica, Xcel Energy maintains a “Buy” consensus rating from Wall Street analysts with an average price target of $90.88. The company recently increased its quarterly dividend to $0.5925 and reported Q4 EPS of $0.96, meeting analyst expectations, with revenue up 14.1% year-over-year.