CIBC Bancorp USA Inc. Purchases New Stake in Xcel Energy Inc. $XEL

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CIBC Bancorp USA Inc. has acquired a new stake of 102,723 shares in Xcel Energy Inc. valued at approximately $8.285 million during the third quarter. Other institutional investors like Sunbelt Securities, Captrust Financial Advisors, Danske Bank A S, Financial Engines Advisors L.L.C., and Morningstar Investment Management LLC also adjusted their positions in Xcel Energy. The company recently increased its quarterly dividend to $0.5925 per share, representing a 3.1% dividend yield, and analysts currently rate Xcel Energy with a “Buy” consensus.

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