XCEL ENERGY INC XEL
COM · Common Stock · CUSIP 98389B100 · ISIN US98389B1008
American utilities company
- SectorUtilities
- IndustryElectric & Other Services Combined
- HeadquartersMinneapolis, MN
- Founded1998
- Websitemy.xcelenergy.com
- FilingsSEC EDGAR
* Summed across managers. Shares that two managers' reports both contain – a subsidiary's holdings that its parent's report includes too, or a sub-adviser's in its client's – are counted once ($288.1m this quarter). Holder counts are more reliable. Shares outstanding: 624.6m as of 2026-07-28, from the company's own SEC filing; the percentage can still exceed 100%: lent-out shares are counted by the lender and the buyer, and some reports overlap without saying so. Implied quarter-end price ≈ $80.40. Options: 16 managers hold calls ($189.1m notional), 16 hold puts ($531.1m).
Trends to Q2 2026
Institutional holders
Managers reporting a position, each quarter
Numbers
| Quarter | Holders |
|---|---|
| Q3 2022 | 937 |
| Q4 2022 | 983 |
| Q1 2023 | 971 |
| Q2 2023 | 963 |
| Q3 2023 | 928 |
| Q4 2023 | 1,019 |
| Q1 2024 | 981 |
| Q2 2024 | 974 |
| Q3 2024 | 1,034 |
| Q4 2024 | 1,115 |
| Q1 2025 | 1,136 |
| Q2 2025 | 1,134 |
| Q3 2025 | 1,185 |
| Q4 2025 | 1,251 |
| Q1 2026 | 1,271 |
| Q2 2026 | 1,286 |
Buyers vs sellers
Managers adding to or starting a position, vs cutting or selling out
Numbers
| Quarter | Bought or added | Cut or sold out |
|---|---|---|
| Q3 2024 | 515 | 413 |
| Q4 2024 | 539 | 376 |
| Q1 2025 | 526 | 450 |
| Q2 2025 | 559 | 460 |
| Q3 2025 | 620 | 407 |
| Q4 2025 | 598 | 456 |
| Q1 2026 | 586 | 535 |
| Q2 2026 | 650 | 467 |
Calls vs puts
Options held, notional value, last 4 quarters. P/C = puts ÷ calls
Numbers
| Quarter | Calls | Puts | P/C |
|---|---|---|---|
| Q3 2025 | $136.3m | $64.7m | 0.47 |
| Q4 2025 | $159.4m | $164.8m | 1.03 |
| Q1 2026 | $107.4m | $87.7m | 0.82 |
| Q2 2026 | $189.1m | $531.1m | 2.81 |
Biggest buyers
| BlackRock, Inc. | Added | +7.0m |
| FMR LLC | Added | +4.4m |
| GOLDMAN SACHS GROUP INC | Added | +4.0m |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | Added | +3.2m |
| BANK OF MONTREAL /CAN/ | Added | +2.7m |
| Assenagon Asset Management S.A. | Added | +2.3m |
| Capital Research Global Investors | Added | +2.0m |
| STATE STREET CORP | Added | +1.8m |
| Brookfield Corp /ON/ | New | +1.6m |
| DEUTSCHE BANK AG\ | Added | +1.4m |
Biggest sellers
| JPMORGAN CHASE & CO | Reduced | -7.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | Reduced | -1.8m |
| Qube Research & Technologies Ltd | Reduced | -1.5m |
| OMERS ADMINISTRATION Corp | Reduced | -1.4m |
| Amundi | Reduced | -1.3m |
| COMMONWEALTH OF PENNSYLVANIA PUBLIC SCHOOL EMPLS RETRMT SYS | Sold out | -1.1m |
| Merewether Investment Management, LP | Reduced | -876.5k |
| Aristotle Capital Management, LLC | Reduced | -647.3k |
| TWO SIGMA INVESTMENTS, LP | Reduced | -593.8k |
| UBS Group AG | Reduced | -553.6k |
Biggest calls
| JANE STREET GROUP, LLC | Added | $40.5m504.6k shares |
| HRT FINANCIAL LP | New | $40.1m500.0k shares |
| CITADEL ADVISORS LLC | Added | $40.0m498.5k shares |
| JPMORGAN CHASE & CO | New | $28.7m350.0k shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Reduced | $21.1m262.4k shares |
| PEAK6 LLC | Reduced | $8.0m100.0k shares |
| IMC-Chicago, LLC | Reduced | $2.2m27.1k shares |
| Walleye Trading LLC | Reduced | $1.9m24.1k shares |
| GROUP ONE TRADING LLC | Reduced | $1.8m22.8k shares |
| Walleye Capital LLC | Reduced | $1.7m21.5k shares |
Biggest puts
| GOLDMAN SACHS GROUP INC | Added | $455.8m5.7m shares |
| SUSQUEHANNA INTERNATIONAL GROUP, LLP | Added | $28.3m352.3k shares |
| CITADEL ADVISORS LLC | Added | $17.8m222.0k shares |
| JANE STREET GROUP, LLC | Added | $6.4m80.2k shares |
| IMC-Chicago, LLC | Added | $5.8m72.6k shares |
| UBS Group AG | New | $3.9m48.0k shares |
| HSBC HOLDINGS PLC | New | $3.4m41.2k shares |
| BNP PARIBAS FINANCIAL MARKETS | New | $3.2m400 shares |
| SIMPLEX TRADING, LLC | Added | $3.1m38.6k shares |
| CAPSTONE INVESTMENT ADVISORS, LLC | Added | $1.2m14.5k shares |
Options at notional value: the value of the shares the contracts control, as filers report them, not what the options cost. Not included in the holders, shares or buying above.
Major shareholders (over 5%)
Anyone who owns more than 5% of a class of the company's shares has to say so: on Schedule 13D if they may try to influence or control the company, on 13G if they're a passive investor, and update it as the stake changes. Each holder's latest filing, from 19 Dec 2024 on; percentages are of the share class, as the holder worked them out.
| Holder | Stake |
|---|---|
| VANGUARD CAPITAL MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 7.3% |
| VANGUARD PORTFOLIO MANAGEMENT LLC 13G · institution new · filed 2026-04-29 | 5.6% |
Fell to 5% or below in the last year: VANGUARD GROUP INC (0.0%, 2026-03-27; now reported by VANGUARD CAPITAL MANAGEMENT LLC), PRICE T ROWE ASSOCIATES INC /MD/ (4.7%, 2025-11-14)
Insider purchases and sales since 1 Apr 2026
Shares bought or sold by the company's own officers, directors and 10% owners, in the open market or privately, as they reported to the SEC on Form 4 (due within two business days of the trade). Grants, option exercises, shares withheld for tax and gifts aren't included.
Officers and directors buying vs selling
Number of people, by quarter (10% owners not included)
Numbers
| Quarter | Buying | Bought | Selling | Sold | Sold under a plan |
|---|---|---|---|---|---|
| Q4 2024 | 0 | — | 0 | — | — |
| Q1 2025 | 1 | $149.6k | 0 | — | — |
| Q2 2025 | 0 | — | 0 | — | — |
| Q3 2025 | 0 | — | 0 | — | — |
| Q4 2025 | 0 | — | 0 | — | — |
| Q1 2026 | 0 | — | 2 | $1.4m | — |
| Q2 2026 | 0 | — | 0 | — | — |
| Q3 2026 | 0 | — | 0 | — | — |
None reported since 1 Apr 2026.
Holders, Q2 2026
| Manager | Shares | Change |
|---|---|---|
| BlackRock, Inc. 0.07% of their portfolio | 60.9m $4.9bn | Added +7.0m |
| VANGUARD CAPITAL MANAGEMENT LLC 0.07% of their portfolio | 40.8m $3.3bn | Added +1.3m |
| STATE STREET CORP 0.09% of their portfolio | 38.9m $3.1bn | Added +1.8m |
| VANGUARD PORTFOLIO MANAGEMENT LLC 0.13% of their portfolio | 35.6m $2.9bn | Added +834.5k |
| BANK OF AMERICA CORP /DE/ 0.15% of their portfolio | 29.9m $2.4bn | Added +491.9k |
| Capital Research Global Investors 0.33% of their portfolio | 29.3m $2.4bn | Added +2.0m |
| JPMORGAN CHASE & CO 0.10% of their portfolio | 21.7m $1.8bn | Reduced -7.0m |
| Invesco Ltd. 0.14% of their portfolio | 21.4m $1.7bn | Added +212.7k |
| GEODE CAPITAL MANAGEMENT, LLC 0.08% of their portfolio | 18.0m $1.4bn | Added +1.0m |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 0.42% of their portfolio | 16.3m $1.3bn | Reduced -1.8m |
| FMR LLC 0.04% of their portfolio | 11.2m $895.6m | Added +4.4m |
| GQG Partners LLC 1.66% of their portfolio | 11.1m $891.7m | Reduced -88.7k |
| GOLDMAN SACHS GROUP INC 0.09% of their portfolio | 11.0m $883.1m | Added +4.0m |
| Aristotle Capital Management, LLC 1.76% of their portfolio | 10.5m $839.9m | Reduced -647.3k |
| Pictet Asset Management Holding SA 0.69% of their portfolio | 9.0m $725.8m | Added +166.7k |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC 2.15% of their portfolio | 8.8m $708.1m | Added +3.2m |
| MORGAN STANLEY 0.03% of their portfolio | 7.9m $633.9m | Added +725.0k |
| FRANKLIN RESOURCES INC 0.14% of their portfolio | 7.9m $631.9m | Added +102.5k |
| PRICE T ROWE ASSOCIATES INC /MD/ 0.06% of their portfolio | 7.0m $564.9m | Reduced -529.0k |
| Legal & General Group Plc 0.11% of their portfolio | 6.3m $503.5m | Added +69.7k |
| DEUTSCHE BANK AG\ 0.13% of their portfolio | 5.4m $433.9m | Added +1.4m |
| NORTHERN TRUST CORP 0.05% of their portfolio | 5.2m $420.9m | Added +112.6k |
| CHARLES SCHWAB INVESTMENT MANAGEMENT INC 0.04% of their portfolio | 4.2m $335.3m | Added +233.8k |
| ROYAL BANK OF CANADA 0.05% of their portfolio | 3.7m $296.1m | Reduced -184.7k |
| Newport Trust Company, LLC 0.70% of their portfolio | 3.6m $290.1m | Reduced -47.4k |
| VANGUARD FIDUCIARY TRUST CO 0.06% of their portfolio | 3.5m $281.5m | Added +149.2k |
| Bank of New York Mellon Corp 0.05% of their portfolio | 3.5m $280.2m | Reduced -10.5k |
| BANK OF MONTREAL /CAN/ 0.10% of their portfolio | 3.4m $272.7m | Added +2.7m |
| REAVES W H & CO INC 4.09% of their portfolio | 3.4m $269.7m | Reduced -190.4k |
| UBS AM, a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC 0.05% of their portfolio | 3.1m $249.2m | Added +380.4k |
| Boston Partners 0.22% of their portfolio | 3.1m $245.9m | Added +94.5k |
| BNP PARIBAS FINANCIAL MARKETS 0.13% of their portfolio | 3.0m $242.4m | Added +849.4k |
| AMERICAN CENTURY COMPANIES INC 0.10% of their portfolio | 2.9m $234.0m | Reduced -52.6k |
| Nuveen, LLC 0.06% of their portfolio | 2.9m $233.9m | Added +3.2k |
| Magellan Asset Management Ltd 5.06% of their portfolio | 2.8m $226.3m | Added +501.8k |
| Mitsubishi UFJ Trust & Banking Corp 0.48% of their portfolio | 2.7m $220.6m | Added +105.6k |
| CBRE INVESTMENT MANAGEMENT LISTED REAL ASSETS LLC 3.01% of their portfolio | 2.7m $216.2m | Added +95.3k |
| UBS Group AG 0.03% of their portfolio | 2.7m $215.1m | Reduced -553.6k |
| Electron Capital Partners, LLC 8.09% of their portfolio | 2.5m $202.5m | Added +603.4k |
| FEDERATED HERMES, INC. 0.28% of their portfolio | 2.5m $197.4m | Reduced -454.1k |
| DUFF & PHELPS INVESTMENT MANAGEMENT CO 1.83% of their portfolio | 2.4m $194.3m | Reduced -4.9k |
| Russell Investments Group, Ltd. 0.17% of their portfolio | 2.4m $190.7m | Reduced -120.3k |
| Assenagon Asset Management S.A. 0.12% of their portfolio | 2.3m $188.4m | Added +2.3m |
| Zimmer Partners, LP 4.41% of their portfolio | 2.3m $186.6m | Reduced -305.7k |
| DIMENSIONAL FUND ADVISORS LP 0.03% of their portfolio | 2.1m $170.8m | Added +74.2k |
| TORONTO DOMINION BANK 0.28% of their portfolio | 2.1m $170.3m | Added +366.4k |
| COHEN & STEERS, INC. 0.27% of their portfolio | 2.1m $169.0m | Added +241.7k |
| NORDEA INVESTMENT MANAGEMENT AB 0.14% of their portfolio | 2.1m $168.6m | Reduced -24.0k |
| AMERIPRISE FINANCIAL INC 0.03% of their portfolio | 2.0m $160.7m | Added +47.5k |
| PRINCIPAL FINANCIAL GROUP INC 0.07% of their portfolio | 1.9m $149.6m | Reduced -98.7k |
| ADAGE CAPITAL PARTNERS GP, L.L.C. 0.21% of their portfolio | 1.9m $149.3m | Added +285.4k |
| JENNISON ASSOCIATES LLC 0.09% of their portfolio | 1.9m $149.2m | Reduced -62.9k |
| Swiss National Bank 0.07% of their portfolio | 1.8m $141.4m | Added +24.5k |
| Brookfield Corp /ON/ 0.17% of their portfolio | 1.6m $131.1m | New |
| Mitsubishi UFJ Asset Management Co., Ltd. 0.07% of their portfolio | 1.6m $127.0m | Added +176.9k |
| RAYMOND JAMES FINANCIAL INC 0.03% of their portfolio | 1.6m $125.8m | Reduced -265.3k |
| LPL Financial LLC 0.03% of their portfolio | 1.5m $122.6m | Reduced -139.6k |
| Sumitomo Mitsui Trust Group, Inc. 0.07% of their portfolio | 1.5m $121.7m | Added +69.5k |
| CIBC Bancorp USA Inc. 0.15% of their portfolio | 1.5m $121.3m | Added +1.3m |
| WELLS FARGO & COMPANY/MN 0.02% of their portfolio | 1.5m $117.6m | Reduced -154.8k |
| CITIGROUP INC 0.05% of their portfolio | 1.4m $116.2m | Added +590.1k |
| Point72 Asset Management, L.P. 0.17% of their portfolio | 1.4m $112.5m | Added +378.3k |
| BARCLAYS PLC 0.04% of their portfolio | 1.4m $112.2m | Added +7.4k |
| Qube Research & Technologies Ltd 0.12% of their portfolio | 1.4m $110.7m | Reduced -1.5m |
| Vanguard Global Advisers, LLC 0.05% of their portfolio | 1.3m $108.1m | Added +53.8k |
| VANGUARD ASSET MANAGEMENT, Ltd 0.07% of their portfolio | 1.3m $104.4m | Added +187.3k |
| HSBC HOLDINGS PLC 0.05% of their portfolio | 1.3m $101.7m | Reduced -82.7k |
| Jupiter Topco LLC 0.04% of their portfolio | 1.2m $94.2m | First filing |
| VOLORIDGE INVESTMENT MANAGEMENT, LLC 0.40% of their portfolio | 1.2m $93.2m | Added +755.0k |
| SEI INVESTMENTS CO 0.08% of their portfolio | 1.1m $88.8m | Reduced -52.2k |
| MILLENNIUM MANAGEMENT LLC 0.06% of their portfolio | 1.1m $87.8m | Reduced -254.5k |
| HITE Hedge Asset Management LLC 4.67% of their portfolio | 1.1m $85.2m | Reduced -99.3k |
| Balyasny Asset Management L.P. 0.15% of their portfolio | 1.0m $83.2m | Reduced -184.8k |
| REGIONS FINANCIAL CORP 0.50% of their portfolio | 1.0m $83.1m | Added +1.5k |
| RHUMBLINE ADVISERS 0.06% of their portfolio | 1.0m $82.7m | Added +43.9k |
| Energy Income Partners, LLC 1.29% of their portfolio | 1.0m $82.1m | Added +21.9k |
| ARROWSTREET CAPITAL, LIMITED PARTNERSHIP 0.03% of their portfolio | 959.1k $77.0m | Added +22.6k |
| ExodusPoint Capital Management, LP 0.71% of their portfolio | 949.9k $76.3m | Reduced -44.2k |
| Amundi 0.02% of their portfolio | 938.5k $75.4m | Reduced -1.3m |
| FIRST TRUST ADVISORS LP 0.04% of their portfolio | 903.5k $72.5m | Reduced -77.9k |
| AQR CAPITAL MANAGEMENT LLC 0.03% of their portfolio | 894.4k $71.8m | Added +180.6k |
| NOMURA ASSET MANAGEMENT INTERNATIONAL INC. 0.11% of their portfolio | 888.8k $71.4m | Reduced -101.1k |
| MIZUHO MARKETS AMERICAS LLC 1.27% of their portfolio | 885.2k $71.1m | Added +80.1k |
| VICTORY CAPITAL MANAGEMENT INC 0.04% of their portfolio | 827.0k $66.4m | Reduced -11.2k |
| ENVESTNET ASSET MANAGEMENT INC 0.02% of their portfolio | 826.4k $66.4m | Reduced -203.1k |
| National Pension Service 0.04% of their portfolio | 803.5k $64.5m | Added +47.6k |
| Squarepoint Ops LLC 0.12% of their portfolio | 799.7k $64.2m | Added +430.7k |
| Freestone Grove Partners LP 0.42% of their portfolio | 798.3k $64.1m | Reduced -501.2k |
| California Public Employees Retirement System 0.03% of their portfolio | 758.6k $60.9m | Reduced -310.2k |
| CANADA PENSION PLAN INVESTMENT BOARD 0.03% of their portfolio | 728.3k $58.5m | Added +407.0k |
| CALIFORNIA STATE TEACHERS RETIREMENT SYSTEM 0.05% of their portfolio | 726.2k $58.3m | Added +41.7k |
| VAUGHAN DAVID INVESTMENTS LLC/IL 1.15% of their portfolio | 719.8k $57.8m | Reduced -1.3k |
| CITADEL ADVISORS LLC 0.03% of their portfolio | 710.8k $57.1m | Added +9.9k |
| MACQUARIE GROUP LTD 0.24% of their portfolio | 696.2k $55.9m | Added +73.1k |
| Perpetual Ltd 0.79% of their portfolio | 688.3k $55.3m | New |
| ProShare Advisors LLC 0.08% of their portfolio | 682.6k $54.8m | Reduced -201.5k |
| NATIONAL BANK OF CANADA /FI/ 0.05% of their portfolio | 672.9k $54.0m | Added +271.7k |
| Teilinger Capital Ltd. 35.53% of their portfolio | 670.0k $53.8m | Added +10.0k |
| Merewether Investment Management, LP 0.99% of their portfolio | 655.0k $52.6m | Reduced -876.5k |
| OLD REPUBLIC INTERNATIONAL CORP 1.93% of their portfolio | 641.4k $51.5m | Reduced -6.4k |