Saudi Central Bank Raises Stake in Xcel Energy Inc. $XEL

Saudi Central Bank has significantly increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 100.1% in the second quarter, now holding 43,691 shares valued at approximately $3.5 million. This move is part of broader institutional interest, with hedge funds and other institutional investors owning 78.38% of Xcel's stock. Analysts generally maintain a "Buy" rating for Xcel Energy, with an average price target of $92.41, despite the company reporting a revenue decline alongside an EPS beat.