The Vanguard Group is the largest institutional investor in Xcel Energy (XEL) according to the latest 13F filing. It added nearly 0.6 million shares of XEL and increased its stake to 7.5% at the end of the second quarter. In the first quarter, the firm lowered its stake in XEL to 7.4%.
Institutional activity in XEL
BlackRock Institutional Trust sold ~1.2 million shares in XEL during the second quarter and lowered its stake to 6.5%. JP Morgan Asset Management added net ~1.2 million shares of Xcel Energy and increased its total stake to 6.2% at the end of the second quarter.
Fidelity Management continued to trim its stake in Xcel Energy in the second quarter. It sold more than 4.1 million shares and lowered its stake to 2.5%, or 12.8 million shares, at the end of the second quarter. Fidelity sold 3.0 million shares in the first quarter.
T. Rowe Price added ~3.0 million shares of Xcel Energy and increased its stake to 1.3% on June 30.
Xcel Energy stock is currently trading at its year-ago levels. Its large exposure to regulated operations facilitates stable earnings and eventually stable dividends. To learn more, please read How Xcel Energy’s Dividend Profile Compares to Peers.