Xcel Energy (XEL) Benefits From Stable Growth and Favorable Regulation
Key takeaways
- The fund said inflation concerns resurfaced after Middle East tensions pushed oil prices higher, causing the Federal Reserve to adopt a more cautious stance on interest rates.
- In its first-quarter 2026 investor letter, Mairs & Power Balanced Fund highlighted stocks like Xcel Energy Inc.
- Mairs & Power Balanced Fund stated the following regarding Xcel Energy Inc.
Xcel Energy (XEL) Benefits From Stable Growth and Favorable Regulation Attiya Zainib Tue, June 2, 2026 at 11:40 PM GMT+7 3 min read XEL CL=F XELLL The Mairs & Power, an investment firm, released the first-quarter 2026 investor letter for the “Mairs & Power Balanced Fund.” A copy of the letter can be downloaded here. The fund returned -1.77% in the first quarter of 2026, outperforming its benchmark composite index decline of -2.68% as strong stock selection and exposure to Utilities and Industrials helped offset market volatility triggered by the Iran conflict and rising energy prices. The fund said inflation concerns resurfaced after Middle East tensions pushed oil prices higher, causing the Federal Reserve to adopt a more cautious stance on interest rates. Despite the uncertain backdrop, the firm maintained a constructive long-term outlook, citing resilient corporate earnings, improving small-cap trends, and attractive opportunities in reasonably valued sectors such as Utilities, Industrials, and Health Care. In addition, you can check the Fund’s top five holdings to determine its best picks for 2026.
In its first-quarter 2026 investor letter, Mairs & Power Balanced Fund highlighted stocks like Xcel Energy Inc. (NASDAQ:XEL). Xcel Energy Inc. (NASDAQ:XEL) is a regulated utility company that generates and distributes electricity and natural gas across several U.S. states. The one-month return of Xcel Energy Inc. (NASDAQ:XEL) was -5.32% while its shares traded between $65.21 and $84.23 over the last 52 weeks. On June 1, 2026, Xcel Energy Inc. (NASDAQ:XEL) stock closed at approximately $76.41 per share, with a market capitalization of about $47.7 billion.
Mairs & Power Balanced Fund stated the following regarding Xcel Energy Inc. (NASDAQ:XEL) in its Q1 2026 investor letter: