M&T Bank Corp Purchases 52,137 Shares of Xcel Energy Inc. $XEL

M&T Bank Corp significantly increased its stake in Xcel Energy Inc. during Q4, purchasing an additional 52,137 shares, bringing its total to 112,418 shares valued at $8.30 million. This move is part of a broader trend of high institutional ownership in Xcel Energy, with major investors like Vanguard and State Street also boosting their positions. Analysts maintain a consensus “Buy” rating for XEL, with an average price target of $90.88, and the company recently raised its quarterly dividend to $0.5925 per share.

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