Xcel Energy Inc. (XEL)

Xcel Energy's stock price has increased by 21.41% between September 30, 2024, and September 26, 2025. In Q2 2025, Xcel Energy reported GAAP earnings of $0.75 per share, surpassing estimates and increasing from the previous year, while reaffirming its 2025 earnings guidance. The company announced a quarterly dividend of $0.57, representing an annualized dividend of $2.28. Analyst ratings and price targets for XEL have been updated by several research firms, with an average rating of "Moderate Buy". Xcel Energy's stock saw a positive impact after settling litigation associated with a 2021 wildfire.

The demand for Xcel Energy's electric power and natural gas products and services is significantly influenced by seasonal weather differences. Electricity sales peak during the summer and winter months due to heating and cooling demands, while natural gas sales are concentrated in the winter months for heating purposes. Xcel Energy's overall operating results can fluctuate substantially on a seasonal basis, and milder winters and cooler summers have historically led to lower revenues and income. By 2030, Xcel Energy's Colorado service territory is projected to become a "dual-peaking" utility, requiring comparable peak demand reductions in both seasons.

Xcel Energy Inc. is a U.S. regulated electric utility and natural gas delivery company based in Minneapolis, Minnesota, operating within the Utilities sector. Its business model is vertically integrated, encompassing power generation, transmission, and distribution. The company provides electric utility services, including generation, transmission, distribution, and sale of electricity, utilizing a diverse energy mix with a focus on renewable energy. Xcel Energy also offers natural gas utility services, including purchase, transportation, distribution, and sale of natural gas. The company invests in renewable energy solutions, aiming for 100% clean, carbon-free electricity by 2050, and provides other services like energy efficiency programs, EV infrastructure development, smart grid technology, energy storage solutions, and home appliance services.

Xcel Energy serves approximately 3.9 million electricity customers and 2.2 million natural gas customers across parts of eight Midwestern and Western states, including Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company operates through four main subsidiaries: Northern States Power-Minnesota, Northern States Power-Wisconsin, Public Service Company of Colorado, and Southwestern Public Service Co., each serving specific regions within these states.

Xcel Energy has focused on its commitment to clean energy and sustainability, positively impacting its brand reputation. The company released its 20th annual Sustainability Report in June 2025, highlighting a 57% reduction in carbon emissions below 2005 levels. In September 2025, Xcel Energy engaged in community partnerships, including a partnership with Minnesota United and the unveiling of the Community Power Play Grant Program with the Minnesota Wild. The company also announced new power projects in Texas and New Mexico, focusing on long-term system reliability, economic development, and a resilient energy supply.

Xcel Energy Inc. has a mixed ownership structure, with institutional investors holding 86% of the company's shares as of April 3, 2025. The general public holds 14% ownership, while insiders hold 0.20%. Major institutional owners include The Vanguard Group, Inc., BlackRock, Inc., State Street Corp, Price T Rowe Associates Inc /md/, JPMorgan Chase & Co, Massachusetts Financial Services Co /ma/, Geode Capital Management, Llc, and Managed Account Advisors LLC.