Principal Financial Group Trims Xcel Energy Stock Holdings

Institutional investor reduces stake in utility company by 0.9% in Q3 2025

Feb. 2, 2026 at 8:55am

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Principal Financial Group Inc. trimmed its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 0.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,468,141 shares of the company's stock after selling 21,611 shares during the quarter.

Why it matters

As a major institutional investor, Principal Financial Group's moves in and out of Xcel Energy stock can signal broader market sentiment and investment trends around the utility company. Xcel Energy is a large electric and natural gas utility serving customers across eight Western and Midwestern states.

The details

Principal Financial Group reduced its stake in Xcel Energy by 0.9% in Q3 2025, selling 21,611 shares. The firm still held 2,468,141 shares, or 0.42% of the company's outstanding stock, valued at $199 million at the end of the reporting period.

  • Principal Financial Group filed its Q3 2025 13F report in early February 2026.

The players

Principal Financial Group Inc.

A major institutional investor and financial services company based in Des Moines, Iowa.

Xcel Energy Inc.

A publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems, primarily in the Western and Midwestern United States.

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The takeaway

Principal Financial Group's modest reduction in its Xcel Energy holdings suggests the institutional investor may see limited upside in the utility stock in the near term, though it remains a significant shareholder. Xcel Energy's performance and valuation will continue to be closely watched by major investors like Principal.