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Institutional Investors Happy with S&P 500 Utilities, Up Stakes

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Part 14
Institutional Investors Happy with S&P 500 Utilities, Up Stakes PART 14 OF 14

Xcel Energy’s Largest Institutional Investor Lowered Its Stake

Xcel Energy

Xcel Energy (XEL), based in Minneapolis, Minnesota, is one of the largest regulated utilities in the country. Let’s look at institutional investors’ activity in the first quarter.

The Vanguard Group sold 0.3 million shares of Xcel Energy and reduced its stake to 7.4% in the first quarter. BlackRock Institutional Trust added net 1.5 million shares of the utility and increased its stake to 6.8% during the quarter.

Xcel Energy&#8217;s Largest Institutional Investor Lowered Its Stake

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JPMorgan Asset Management increased its total holdings of Xcel Energy to 6% by adding net 2.3 million shares in the first quarter. Fidelity Management trimmed its stake to 3.3%, sold net 3 million shares, and held 16.9 million shares at the end of the quarter.

Franklin Advisers added a notable 2.7 million shares of Xcel Energy in the first quarter, which took its stake to 2.5%.

Xcel Energy stock has fallen 7% year-to-date. Its large exposure to regulated operations facilitates stable earnings and eventually stable dividends. To learn more, read How Xcel Energy’s Dividend Profile Compares to Peers.

Utility (VPU) (XLU) investors seem concerned with the Fed’s aggressive stance regarding rate normalization this year. Two quarter-point rate hikes in the last six months and a few more in 2018 could significantly weigh on utility stocks going forward. To learn more, read Utilities Fall on Concerns of Higher Yields.

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