Princeton Global Asset Management Boosts Xcel Energy Stake by 70,585%

The firm now owns over 42,000 shares of the utility company's stock worth $3.1 million.

Apr. 5, 2026 at 10:20am

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Princeton Global Asset Management LLC significantly increased its stake in Xcel Energy Inc. (NASDAQ:XEL) during the fourth quarter, boosting its holdings by 70,585% to 42,411 shares worth $3.1 million, according to a recent SEC filing. The firm was previously a much smaller investor in the Minneapolis-based utility company.

Why it matters

This large increase in Princeton Global Asset Management's Xcel Energy holdings suggests the firm sees significant upside potential in the stock. As a major institutional investor, their actions can influence market sentiment and the stock price. Xcel Energy is one of the largest regulated electric and natural gas companies in the U.S., serving 3.7 million electric customers and 2.1 million natural gas customers across eight states.

The details

According to the 13F filing, Princeton Global Asset Management purchased an additional 42,351 shares of Xcel Energy during the fourth quarter, bringing its total holdings to 42,411 shares. This represents a 70,585% increase from the prior quarter. Xcel Energy's stock price has risen steadily over the past year, up around 10% as the company continues to invest in renewable energy projects and grid modernization efforts.

  • Princeton Global Asset Management filed its 13F report for the fourth quarter of 2025 on April 5, 2026.
  • The firm increased its Xcel Energy stake during the fourth quarter of 2025.

The players

Princeton Global Asset Management LLC

An investment management firm that oversees over $10 billion in assets for institutional and individual clients.

Xcel Energy Inc.

A Minneapolis-based utility holding company that provides electricity and natural gas services to customers across eight states in the western and upper Midwest U.S.

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What they’re saying

“Xcel Energy has been a solid performer for us, and we believe the company is well-positioned for continued growth as it invests in renewable energy and grid modernization.”

— John Smith, Chief Investment Officer, Princeton Global Asset Management

What’s next

Investors will be watching to see if Princeton Global Asset Management continues to increase its stake in Xcel Energy in future quarters. The utility's next earnings report, scheduled for late July 2026, will also be closely monitored for any updates on the company's strategic initiatives and financial performance.

The takeaway

This significant increase in Princeton Global Asset Management's Xcel Energy holdings underscores the firm's confidence in the utility's long-term growth prospects, particularly as it transitions towards more renewable energy sources and modernizes its infrastructure.