Kettle Hill Capital Management Invests in Xcel Energy

New $2.8 million position in utility company's stock

Mar. 16, 2026 at 11:51am

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Kettle Hill Capital Management LLC, an investment firm, has disclosed a new $2.8 million position in Xcel Energy Inc. (NASDAQ:XEL) in its latest 13F filing with the Securities and Exchange Commission. Xcel Energy is a Minneapolis-based utility holding company that provides electricity and natural gas services to residential, commercial, and industrial customers across eight states.

Why it matters

Xcel Energy is one of the largest regulated utility companies in the United States, serving over 3.7 million electric customers and 2.1 million natural gas customers. The new investment by Kettle Hill Capital Management suggests the firm sees growth potential in Xcel Energy's business and stock performance.

The details

According to the 13F filing, Kettle Hill Capital Management purchased 35,137 shares of Xcel Energy stock in the third quarter of 2025. This new position is valued at approximately $2.8 million based on Xcel Energy's closing stock price on the day the filing was made public.

  • Kettle Hill Capital Management disclosed the new Xcel Energy investment in its Q3 2025 13F filing.

The players

Kettle Hill Capital Management LLC

An investment management firm that focuses on public equity markets.

Xcel Energy Inc.

A Minneapolis-based utility holding company that provides electricity and natural gas services to customers across eight states.

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The takeaway

Xcel Energy's diverse energy generation mix, including nuclear, natural gas, coal, and a growing share of renewables, appears to have attracted the attention of Kettle Hill Capital Management. As a major utility serving millions of customers, Xcel Energy's stock performance and growth prospects are closely watched by institutional investors.