The third quarter of 2022 saw Old North State Trust LLC acquire Xcel Energy shares valued at approximately $26,000, followed by Pinnacle Financial Partners Inc. Xcel Energy, a leading electricity and natural gas company based in Minnesota, has been making headlines recently due to restructuring efforts by large investors. Xcel Energy restructuring efforts attract large investors and signal positive performance forecasts However, for investors looking for exposure to the energy industry, Xcel Energy is a stock worth watching closely. With so many differing opinions about the company’s future, only time will tell how Xcel Energy will continue to perform in the coming months and years. Overall, Xcel Energy has received a “Moderate Buy” rating from, with an average consensus target price of $71.50 per share. Meanwhile, assumed coverage on Xcel Energy in a report released on March 16th and rated it as “hold.” BMO Capital Markets also cut their price target from $74 to $73 while endorsing an “outperform” rating on the stock on April 5th. JPMorgan Chase & Co., on the other hand, raised their price target to $79 from $73 while giving Xcel Energy an “overweight” rating in a report published on April 19th. Morgan Stanley increased their target price for Xcel Energy from $62 to $67 on April 20th while rating the stock “equal weight.” Wells Fargo & Company reduced their price target from $76 to $73 on January 27th but maintained an “equal weight” rating for the stock. Investors and analysts alike have taken notice of Xcel Energy’s recent moves in the market. The ex-dividend date for this dividend was Tuesday, March 14th. This payout reflects a positive change from Xcel Energy’s previous quarterly dividend of $0.49 and represents an annualized dividend of $2.08 with a yield of 3.00%. The dividend was paid on April 20th to investors who were recorded on March 15th and amounted to $0.52 per share. Xcel Energy has also made headlines recently due to its quarterly dividend announcement. The remaining shares were worth $782,000 at the time of filing. According to the Securities and Exchange Commission’s most recent filing, Prospera owned 11,152 shares of Xcel Energy stock after selling 1,664 shares. (NASDAQ:XEL) by 13.0% during the fourth quarter. On May 12th, 2023, investment firm Prospera Financial Services Inc announced that it had reduced its position in Xcel Energy Inc. The All Others segment engages in steam, appliance repair services, nonutility real estate activities, processing solid waste into refuse-derived fuel and investments in rental housing projects that qualify for low-income housing tax credits.In the ever-changing world of finance, it is crucial to stay up-to-date with the latest news and trends. The Regulated Natural Gas Utility segment transports, stores, and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan, and Colorado. It also includes commodity trading operations. In addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States.
The Regulated Electric Utility segment generates, transmits, and distributes electricity primarily in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas, and New Mexico. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. operates as a holding company engaged in the generation, purchase, transmission, distribution, and sale of electricity.
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