Asset Management One Co. Ltd. Increases Holdings in Xcel Energy Inc. $XEL

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Asset Management One Co. Ltd. significantly increased its stake in Xcel Energy Inc. by 19.0% in the fourth quarter, now owning 308,150 shares valued at approximately $22.84 million. Xcel Energy recently raised its quarterly dividend to $0.5925 per share, offering an annualized yield of about 2.9%, and has a consensus “Buy” rating from analysts with an average price target of $88.44. Despite reporting in-line EPS for the latest quarter, the company’s revenue of $3.56 billion missed analyst estimates.

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