Xcel Energy Bolsters Outlook with Google Deal and $60 Billion Capital Plan

Key Facts

Xcel Energy has strengthened its market position through a landmark deal to power Google's data centers and a $60 billion capital plan targeting 6 gigawatts of capacity by 2027. Institutional confidence in the utility giant continues to grow, with Vanguard increasing its stake by 1.2% to 77,610,805 shares, while the company raised its quarterly dividend to $0.5925 per share, yielding 3.0%. This update follows broader portfolio adjustments by major firms, including Vanguard's purchase of over 5.5 million additional shares in PayPal and increased positions in Exelon and United Airlines. These moves align with earlier strategic entries by Pictet Asset Management, which boosted its XEL holding by 7.8%. Overall, the influx of institutional capital highlights the pivotal role of energy infrastructure in supporting the digital economy and AI-driven demand.

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