Nordea Investment Management Reduces Stake in Xcel Energy

The investment firm sold nearly 500,000 shares of the utility company in the fourth quarter.

Mar. 23, 2026 at 9:48am

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Nordea Investment Management AB reduced its position in Xcel Energy Inc. (NASDAQ:XEL) by 16.5% in the fourth quarter, according to a recent SEC filing. The firm sold 493,111 shares, leaving it with 2,498,528 shares worth $185,241,000 at the end of the reporting period.

Why it matters

Xcel Energy is a major utility company serving customers across eight Western and Midwestern states. Institutional investors like Nordea closely monitor and adjust their positions in the company, which can provide insights into market sentiment and expectations around the stock.

The details

Nordea Investment Management cited the sale of nearly 500,000 Xcel Energy shares in the fourth quarter, reducing its total stake in the company to 2,498,528 shares worth $185,241,000. This represented a 16.5% decrease in Nordea's position compared to the prior quarter.

  • Nordea Investment Management reported the stake reduction in a 13F filing for the fourth quarter of 2025.

The players

Nordea Investment Management AB

A major European asset management firm that oversees investments across a range of asset classes.

Xcel Energy Inc.

A utility company that provides electricity and natural gas services to customers in eight states, including Minnesota, Colorado, and Texas.

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The takeaway

Nordea's reduced stake in Xcel Energy suggests the investment firm may have a more cautious outlook on the utility company's near-term prospects, though its overall position remains substantial. Analysts and investors will likely monitor Nordea's future filings for additional insights into the firm's views on Xcel Energy.