Xcel Energy Inc. (XEL)

XEL stock has gained approximately 20% since the end of 2023, driven by a favorable change in its Price to Sales multiple. Xcel Energy announced a plan to add 5,168 megawatts of new power generation capacity by 2030 in its Texas and New Mexico service area, leading to a stock price increase. The Board of Directors increased the quarterly common dividend by 4.1% on February 26, 2025. First-quarter 2025 GAAP earnings were $0.84 per share, a decrease from $0.88 per share in the same period of 2024, due to higher expenses. The company reported 2024 GAAP earnings of $3.44 per share, an increase from $3.21 per share in 2023. Xcel Energy's net debt increased to approximately $30.1 billion as of March 2025. State regulators approved Xcel Energy's 2025-2027 Wildfire Mitigation Plan in June 2025, involving $1.9 billion in investments.

Demand for Xcel Energy's products and services is significantly affected by seasonal weather patterns. Peak sales of electricity typically occur during the summer months, while peak sales of natural gas occur in the winter months. Milder weather conditions can lead to reduced sales.

Xcel Energy, Inc. is a U.S. regulated electric utility and natural gas delivery company involved in the generation, purchase, transmission, distribution, and sale of electricity and natural gas. The company operates within the Utilities sector, specifically in the Electric Utilities, Power Generation, and Regulated Utilities industries. Xcel Energy's major products and services include electricity generation and distribution, natural gas distribution, renewable energy programs, energy efficiency initiatives, and home appliance repair, maintenance, and replacement services.

Xcel Energy serves millions of residential, commercial, and industrial customers across parts of eight Western and Midwestern states in the United States, including Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin.

Xcel Energy was named one of the "World's Most Admired Companies" by Fortune magazine for the eleventh consecutive year and was recognized as one of the "World's Most Ethical Companies" for the sixth consecutive year. Xcel Energy has faced ongoing legal challenges and public scrutiny regarding its alleged role in sparking the Marshall Wildfire, and the approval of a significant wildfire mitigation plan indicates continued efforts to address fire risk.

Institutional investors hold a significant portion of Xcel Energy's shares, accounting for approximately 86% as of April 2025 and 88.57% as of July 2025. Major institutional owners include Vanguard Group Inc., BlackRock, Inc., and State Street Corp. Retail investors hold approximately 40.15% of Xcel Energy Inc. (XEL) stock.