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flag Xcel Energy's stock rose on strong earnings and a dividend, with short interest dropping sharply.

flag Xcel Energy saw a 22.1% drop in short interest to 25.2 million shares by December 31, with the days-to-cover ratio at 3.7 days. flag The stock closed at $75.61, up $0.25, on above-average volume. flag The company reported third-quarter earnings of $1.24 per share, slightly below estimates, while revenue rose 7.4% to $3.92 billion. flag Massachusetts Financial Services Co. increased its stake to nearly 78.4% of shares, owning 19.5 million. flag Xcel declared a quarterly dividend of $0.57 per share, yielding 3.0%. flag Analysts maintain a "Buy" consensus with a $87.00 target.

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