State Street Amends Xcel Energy Stake as of Dec 31, 2023
Ticker: XELLL · Form: SC 13G/A · Filed: Jan 30, 2024 · CIK: 72903
| Field | Detail |
|---|---|
| Company | Xcel Energy Inc (XELLL) |
| Form Type | SC 13G/A |
| Filed Date | Jan 30, 2024 |
| Risk Level | low |
| Sentiment | neutral |
Complexity: simple
Sentiment: neutral
Topics: institutional-ownership, amendment, utility-sector
TL;DR
**State Street updated its Xcel Energy ownership, signaling its continued institutional interest.**
AI Summary
State Street Corporation, a major financial institution, filed an amended SC 13G/A on January 30, 2024, indicating its ownership of Xcel Energy Inc. common stock as of December 31, 2023. This filing updates their previous disclosure regarding their stake in Xcel Energy, a utility company. This matters to investors because State Street is a significant institutional holder, and changes in their reported ownership can signal shifts in institutional confidence or investment strategy towards Xcel Energy.
Why It Matters
This filing shows State Street Corporation's updated institutional ownership in Xcel Energy, providing transparency on a major investor's position. Large institutional holdings can influence stock stability and future trading patterns.
Risk Assessment
Risk Level: low — This is a routine amendment filing by an institutional investor, not indicating any immediate negative or positive risk for the stock.
Analyst Insight
Investors should note State Street's continued presence as a significant holder in Xcel Energy, but this routine amendment doesn't provide new actionable insights beyond confirming institutional interest.
Key Players & Entities
- State Street Corporation (company) — the reporting person and institutional investor
- Xcel Energy Inc. (company) — the subject company whose common stock is being reported
- 04-2456637 (number) — State Street Corporation's IRS Identification No.
- 98389B100 (number) — CUSIP number for Xcel Energy Inc. Common Stock
- December 31, 2023 (date) — date of event requiring the filing
- January 30, 2024 (date) — date the SC 13G/A filing was made
FAQ
What is the purpose of an SC 13G/A filing?
An SC 13G/A is an amendment to a Schedule 13G, which is filed by institutional investors (like State Street Corporation) to report beneficial ownership of 5% or more of a company's stock, indicating a passive investment intent. The 'A' signifies it's an amendment to a previously filed statement.
Which company is the subject of this SC 13G/A filing?
The subject company, also known as the 'Name of Issuer,' is XCEL ENERGY INC, as stated in the filing.
Who is the 'Reporting Person' in this filing?
The 'Reporting Person' is STATE STREET CORPORATION, identified by its name and IRS Identification No. 04-2456637.
What is the 'Date of Event Which Requires Filing of This Statement'?
The filing specifies the 'Date of Event Which Requires Filing of This Statement' as 12/31/2023.
What is the CUSIP number for the securities reported in this filing?
The CUSIP number for the 'COMMON STOCK' of XCEL ENERGY INC is 98389B100, as listed on the cover page of the filing.
Filing Details
This Form SC 13G/A (Form SC 13G/A) was filed with the SEC on January 30, 2024 regarding XCEL ENERGY INC (XELLL).