Banque Cantonale Vaudoise Boosts Xcel Energy Stake

Swiss bank increases holdings in Minnesota-based utility company by 175% in Q3 2025

Mar. 12, 2026 at 7:21am

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Banque Cantonale Vaudoise, a Swiss bank, increased its holdings in shares of Xcel Energy Inc. (NASDAQ:XEL) by 175% in the third quarter of 2025, according to a disclosure filed with the Securities and Exchange Commission (SEC). The bank now owns 29,147 shares of the Minnesota-based utility company's stock, worth $2.35 million at the end of the quarter.

Why it matters

Xcel Energy is one of the largest utility companies in the Midwest, serving customers in eight states. The increase in Banque Cantonale Vaudoise's stake suggests the Swiss bank sees long-term value in Xcel's business model and growth prospects, which could signal confidence in the company's future performance.

The details

According to the SEC filing, Banque Cantonale Vaudoise purchased an additional 18,550 shares of Xcel Energy during the third quarter, bringing its total holdings to 29,147 shares. This represents a 175% increase in the bank's position in the utility company. Xcel Energy is a major provider of electricity and natural gas services, with a diverse generation portfolio that includes nuclear, natural gas, coal, and a growing share of renewable resources such as wind and solar.

  • Banque Cantonale Vaudoise increased its Xcel Energy holdings in the third quarter of 2025.

The players

Banque Cantonale Vaudoise

A Swiss bank that has increased its holdings in Xcel Energy, a major Midwest utility company.

Xcel Energy Inc.

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

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The takeaway

The increase in Banque Cantonale Vaudoise's stake in Xcel Energy suggests the Swiss bank sees long-term value in the utility company's business model and growth prospects, which could signal confidence in Xcel's future performance and the overall strength of the Midwest utility market.