American Century Companies Boosts Stake in Xcel Energy

Investment firm increases holdings in utility company by 3.2% in third quarter

Mar. 3, 2026 at 1:39am

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American Century Companies Inc. has increased its stake in Xcel Energy Inc. (NASDAQ:XEL) by 3.2%, according to a recent SEC filing. The investment firm now owns 3,367,033 shares of the utility company's stock, worth approximately $271.55 million.

Why it matters

Xcel Energy is a major electric and natural gas utility serving customers across eight Western and Midwestern states. American Century's increased investment in the company signals confidence in Xcel's long-term prospects, which could be driven by factors like its renewable energy initiatives and infrastructure upgrades.

The details

According to the filing, American Century acquired an additional 105,903 shares of Xcel Energy during the third quarter, bringing its total ownership to 3,367,033 shares or 0.57% of the company's outstanding stock. Xcel Energy is one of American Century's largest holdings, with the investment firm now owning a stake valued at over $271 million.

  • American Century increased its Xcel Energy holdings in the third quarter of 2025.

The players

American Century Companies Inc.

A global investment management firm that oversees more than $200 billion in client assets.

Xcel Energy Inc.

A major electric and natural gas utility serving customers across eight Western and Midwestern states.

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The takeaway

American Century's increased stake in Xcel Energy suggests the investment firm sees long-term value in the utility company, which could be driven by its renewable energy initiatives and infrastructure upgrades. This move highlights the confidence institutional investors have in Xcel's ability to navigate the evolving energy landscape.