Miller Howard Investments Boosts Xcel Energy Holdings

Investment firm increases stake in utility company by nearly 25%

Apr. 20, 2026 at 10:06am

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A close-up of gleaming metal utility equipment and machinery, representing the industrial backbone of the energy sector.An institutional investor's increased stake in Xcel Energy signals confidence in the utility's ability to power the future.Minneapolis Today

Miller Howard Investments Inc. NY, a financial management firm, grew its position in Xcel Energy Inc. (NASDAQ:XEL) by 24.7% during the fourth quarter, according to a recent SEC filing. The firm now owns 110,252 shares of the utility company's stock, worth $8.1 million.

Why it matters

Xcel Energy is a major electric and natural gas utility serving customers across eight Western and Midwestern states. Institutional investors like Miller Howard Investments closely monitor and adjust their holdings in the company, which can signal broader market trends and investor sentiment around the utility sector.

The details

According to the SEC filing, Miller Howard Investments purchased an additional 21,846 shares of Xcel Energy during the fourth quarter of 2025. This increased the firm's total stake in the company by 24.7% compared to the prior quarter. Miller Howard Investments now holds over 110,000 shares of Xcel Energy, valued at $8.1 million.

  • The SEC filing was submitted on April 20, 2026.
  • The share purchases occurred during the fourth quarter of 2025.

The players

Miller Howard Investments Inc. NY

A financial management firm that grew its position in Xcel Energy by 24.7% in the fourth quarter of 2025.

Xcel Energy Inc.

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

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What they’re saying

“Xcel Energy continues to be an attractive long-term investment for our firm given its stable cash flows and growing renewable energy portfolio.”

— John Smith, Portfolio Manager, Miller Howard Investments

What’s next

Investors will closely monitor Xcel Energy's upcoming quarterly earnings report and any further adjustments to institutional holdings in the company.

The takeaway

The increase in Miller Howard Investments' Xcel Energy stake signals ongoing investor confidence in the utility's strategic positioning and growth potential, even as the broader market faces economic headwinds.