BTC Capital Management Trims Xcel Energy Stake

Investment firm reduces holdings in utility company by over 50%

Apr. 1, 2026 at 7:39am

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BTC Capital Management Inc. lowered its position in Xcel Energy Inc. (NASDAQ:XEL) by 52.9% in the fourth quarter, according to a recent SEC filing. The investment firm sold 114,022 shares of the utility company's stock, leaving it with 101,448 shares valued at $7.5 million.

Why it matters

This transaction reflects BTC Capital Management's reduced exposure to Xcel Energy, one of the largest regulated electric and natural gas utility companies in the United States. The move could signal a shift in the investment firm's portfolio strategy or a reassessment of Xcel Energy's outlook.

The details

According to the SEC filing, BTC Capital Management sold 114,022 shares of Xcel Energy during the fourth quarter. This reduced the firm's holdings in the utility company to 101,448 shares, worth approximately $7.5 million at the end of the reporting period. The sale represents a 52.9% decrease in BTC Capital Management's position in Xcel Energy.

  • The transaction occurred in the fourth quarter of 2026.

The players

BTC Capital Management Inc.

An investment management firm that lowered its position in Xcel Energy Inc.

Xcel Energy Inc.

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

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The takeaway

This transaction highlights the ongoing shifts in institutional investor portfolios, as firms reevaluate their positions in utility companies like Xcel Energy. The reduced stake could signal a broader reassessment of the utility sector or specific concerns about Xcel Energy's outlook, though the filing does not provide additional context.