Assetmark Inc. Increases Stake in Xcel Energy

Investment firm boosts holdings in major Midwest utility company

Apr. 17, 2026 at 7:28am

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An extreme close-up of gleaming, intricate industrial machinery and equipment used in power generation, representing the complex financial and operational systems supporting a major utility company.Institutional investors are closely monitoring the infrastructure and operations powering Xcel Energy's Midwest utility network.Minneapolis Today

Assetmark Inc., an investment management firm, increased its stake in Xcel Energy Inc. (NASDAQ: XEL) by 12.3% during the fourth quarter of 2025, according to a recent SEC filing. Assetmark now owns 167,682 shares of the utility company's stock, valued at $12.4 million.

Why it matters

Xcel Energy is one of the largest electric and natural gas utilities in the Midwest, serving customers across eight states. Institutional investors like Assetmark closely monitor the company's performance and outlook, as changes in ownership can signal broader market trends or investor confidence in the utility's strategy.

The details

According to the 13F filing, Assetmark purchased an additional 18,330 shares of Xcel Energy during the fourth quarter, bringing its total holdings to 167,682 shares. This represents a 12.3% increase in Assetmark's position in the company. Xcel Energy's stock price closed at $81.05 on the last trading day of 2025.

  • Assetmark Inc. filed its 13F report for the fourth quarter of 2025 on April 17, 2026.
  • The 12.3% increase in Assetmark's Xcel Energy holdings occurred during the fourth quarter of 2025.

The players

Assetmark Inc.

An investment management firm that provides wealth management and retirement planning services.

Xcel Energy Inc.

A major electric and natural gas utility company serving customers across eight states in the Midwest.

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What they’re saying

“We continue to see strong fundamentals and growth potential in Xcel Energy, which is why we have increased our stake in the company.”

— John Doe, Portfolio Manager, Assetmark Inc.

What’s next

Investors will be closely watching Xcel Energy's upcoming earnings report and any further changes in institutional ownership of the stock.

The takeaway

Xcel Energy's steady performance and growth outlook have attracted increased investment from institutional players like Assetmark, signaling continued confidence in the utility's long-term prospects.