Duff & Phelps Boosts Xcel Energy Stake to 7th Largest Holding

Investment firm increases position in utility company by 6.8% in Q3 2025

Mar. 12, 2026 at 8:34am

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Duff & Phelps Investment Management Co. has increased its holdings in Xcel Energy Inc. (NASDAQ:XEL) by 6.8% during the third quarter of 2025, making the utility company its 7th largest position. Duff & Phelps now owns 2,357,297 shares of Xcel Energy, representing approximately 0.40% of the company's outstanding stock.

Why it matters

Xcel Energy is a major electric and natural gas utility serving customers across eight Western and Midwestern states. As one of the company's largest institutional investors, Duff & Phelps' increased stake signals confidence in Xcel's long-term growth prospects and ability to generate consistent returns for shareholders.

The details

According to a recent SEC filing, Duff & Phelps Investment Management Co. purchased an additional 150,768 shares of Xcel Energy during the third quarter, bringing its total holdings to 2,357,297 shares. This represents approximately 2.2% of Duff & Phelps' overall investment portfolio.

  • Duff & Phelps increased its Xcel Energy stake during the third quarter of 2025.

The players

Duff & Phelps Investment Management Co.

An investment management firm that oversees over $100 billion in assets for institutional and individual clients.

Xcel Energy Inc.

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

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The takeaway

Duff & Phelps' increased stake in Xcel Energy signals the investment firm's confidence in the utility's long-term growth potential and ability to provide stable returns for shareholders, even in a challenging economic environment.