Xcel Energy Inc. (XEL) Stock Price & Analysis
Xcel Energy Inc. (XEL) is trading at USD 77.83, down 1.45% today, as of October 23, 2026 at 16:41 UTC (US market open; quotes may be delayed), according to Nexqual market data.
XEL last closed at USD 78.97; today's session has ranged USD 77.78–79.03 on volume of 1,290,630 shares. Market capitalization is $48.61B, with a 52-week range of USD 68.72–84.23 (NMS). Source: Nexqual, retrieved October 23, 2026 at 16:41 UTC.
Also available as compact Markdown for AI agents: nexqual.com/XEL.md
Key facts (XEL)
- Valuation: P/E 21.8x (avg 20.2x at the last 3 fiscal year-ends), EV/EBITDA 15.0x, net debt $37.4B.
- 1 of 80 tracked superinvestors hold XEL (13F, Q2 2026): 0 new, 0 added, 1 reduced, 0 unchanged.
- Analysts: Buy (mean 1.90 on a 1–5 scale) (20 analysts), mean target USD 88.68 (range 74–99).
- Total return with dividends: 1Y -0.2% vs S&P 500 +14.6%; 5Y +41.5% vs S&P 500 +77.3%.
- Next earnings: 2026-10-29, EPS estimate USD 1.39, revenue estimate $4.30B.
Financials (SEC 10-K; TTM = last four 10-Q/10-K quarters) (XEL)
| USD | FY2021 | FY2022 | FY2023 | FY2024 | FY2025 | TTM |
|---|---|---|---|---|---|---|
| Operating income | $2.20B | $2.43B | $2.48B | $2.39B | $2.58B | $2.79B |
| Net income | $1.60B | $1.74B | $1.77B | $1.94B | $2.02B | $2.23B |
| EPS (diluted) | $2.96 | $3.17 | $3.21 | $3.44 | $3.42 | — |
| Free cash flow | -$2.06B | -$706M | -$527M | -$2.72B | -$6.83B | -$7.69B |
| Cash + short-term investments | $166M | $111M | $129M | $179M | $274M | — |
| Total debt | $23.4B | $24.8B | $26.3B | $28.0B | $33.9B | — |
Fiscal years end Dec. EPS is split-adjusted.
Valuation (price ÷ last four quarters, through Jun 30, 2026) (XEL)
P/E 21.8x · EV/EBITDA 15.0x · P/B 2.0x · FCF yield -15.82% · Earnings yield 4.59% · Dividend yield (paid, TTM) 2.81% · Net debt $37.4B · EV $86.1B
P/E at fiscal year-ends: Dec 2025 21.6x, Dec 2024 19.6x, Dec 2023 19.3x.
Superinvestors (SEC 13F-HR, Q2 2026) (XEL)
1 of 80 tracked investors hold XEL. Each row is the investor's latest 13F; change is vs their prior-quarter share count.
| Investor | Firm | % of portfolio | Value | Change |
|---|---|---|---|---|
| Mairs & Power | Mairs & Power Funds | 0.29% | $31.5M | Reduced -2.4% |
Analysts (XEL)
Consensus Buy (mean 1.90 on a 1–5 scale), 20 analysts; mean target USD 88.68 (low 74, high 99).
Rating changes, last 120 days:
| Date | Firm | Action | Rating | Price target |
|---|---|---|---|---|
| 2026-10-22 | HSBC | Initiated | Buy | $89 |
| 2026-10-21 | Morgan Stanley | Target raised | Equal-Weight | $83 → $85 |
| 2026-10-20 | BMO Capital | Target lowered | Outperform | $91 → $86 |
| 2026-10-15 | Barclays | Target lowered | Overweight | $90 → $85 |
| 2026-10-14 | Truist Securities | Target lowered | Buy | $88 → $87 |
| 2026-10-13 | Keybanc | Target lowered | Overweight | $90 → $87 |
| 2026-09-29 | Scotiabank | Initiated | Sector Outperform | $77 |
| 2026-09-18 | Morgan Stanley | Target lowered | Equal-Weight | $89 → $83 |
| 2026-08-21 | Morgan Stanley | Target lowered | Equal-Weight | $92 → $89 |
| 2026-08-13 | Truist Securities | Target lowered | Buy | $94 → $88 |
| 2026-07-22 | BMO Capital | Target lowered | Outperform | $95 → $92 |
| 2026-07-16 | JP Morgan | Target raised | Overweight | $91 → $102 |
Total return (dividends reinvested) (XEL)
| 1Y (from 2025-10-23) | 5Y (from 2021-10-25) | |
|---|---|---|
| Total return | -0.2% | +41.5% |
| S&P 500 (SPY) | +14.6% | +77.3% |
| Per year | -0.2% | +7.2% |
| Volatility (annualized) | 19.3% | 21.5% |
| Max drawdown | -15.4% (Feb 2026→Sep 2026) | -32.5% (Sep 2022→Feb 2024) |
XEL revenue by business segment (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Regulated Electric | $2.74B | 87.8% | -4.8% |
| Regulated Natural Gas | $365.0M | 11.7% | -7.8% |
| All Other | $14.0M | 0.4% | +7.7% |
| Total revenue | $3.12B | 100% | — |
XEL revenue by product line (quarter ended Jun 30, 2026)
| Line | Revenue | Share of total | YoY |
|---|---|---|---|
| Total revenue from contracts with customers | $2.45B | 78.6% | -10.2% |
| — Retail (part of Total revenue from contracts with customers) | $2.16B | 69.2% | -9.8% |
| — Transmission (part of Total revenue from contracts with customers) | $190.0M | 6.1% | +12.4% |
| — Wholesale (part of Total revenue from contracts with customers) | $89.0M | 2.9% | -38.6% |
| — Other (part of Total revenue from contracts with customers) | $13.0M | 0.4% | -40.9% |
| Total revenue | $3.12B | 100% | — |
As tagged by the company in its SEC 10-Q / 10-K filings (XBRL).
XEL analyst estimates and revisions
| Period | EPS estimate | 90 days ago | Change | Revenue estimate | Analysts |
|---|---|---|---|---|---|
| Current quarter (ends Sep 2026) | $1.39 | $1.38 | +0.5% | $4.30B | 14 |
| Next quarter (ends Dec 2026) | $0.92 | $1.05 | -12.2% | $3.98B | 10 |
| Current fiscal year (ends Dec 2026) | $4.13 | $4.11 | +0.4% | $15.60B | 18 |
| Next fiscal year (ends Dec 2027) | $4.54 | $4.53 | +0.2% | $17.15B | 20 |
XEL options: expected move
Options price a move of about ±6.2% (±$4.80) by Nov 20, 2026, which includes earnings on Oct 29, 2026. Over the last 8 reports the stock moved ±2.6% on average.
| Expiration | Days | ATM implied volatility | Expected move |
|---|---|---|---|
| Nov 20, 2026 | 28 | 27.5% | ±6.2% |
| Dec 18, 2026 | 56 | 25.4% | ±8.0% |
| Jan 15, 2027 | 84 | 25.2% | ±9.8% |
| Mar 19, 2027 | 147 | 24.6% | ±12.6% |
| Jun 17, 2027 | 237 | 25.0% | ±16.0% |
| Sep 17, 2027 | 329 | 24.7% | ±18.4% |
30-day implied volatility 24.3% vs 20.9% realized over the last 30 trading days. Put/call ratio (volume) 0.5. Cboe delayed quotes (15 min). Expected move = at-the-money straddle.
Key Statistics (as of October 23, 2026 at 16:41 UTC)
| Price | USD 77.83 |
|---|---|
| Change | ▼ 1.45% (down) |
| Previous Close | USD 78.97 |
| Open | USD 78.72 |
| Day Range | USD 77.78 – 79.03 |
| 52-Week Range | USD 68.72 – 84.23 |
| Volume | 1,290,630 shares |
| Market Cap | $48.61B |
| Exchange | NMS |
Technical Analysis (XEL)
Nexqual's technical model rates XEL "BUY" based on 5 bullish and 1 bearish signals across 128 daily candles, as of October 23, 2026 at 16:41 UTC.
| Overall Signal | BUY |
|---|---|
| RSI (14) | 61.3 (neutral) |
| vs SMA50 | Above (USD 74.75) |
| MACD | 1.07 (positive) |
Analyst Ratings (XEL)
Wall Street analysts rate XEL "Buy" based on 20 analysts, with a mean price target of USD 88.68 (range USD 74–99), per Nexqual as of October 23, 2026 at 16:41 UTC.
| Consensus Rating | Buy |
|---|---|
| Analyst Count | 20 |
| Mean Target | USD 88.68 |
| High Target | USD 99 |
| Low Target | USD 74 |
| Buy / Hold / Sell | 18 / 2 / 0 |
Earnings (XEL)
| Next Earnings Date | 2026-10-29 |
|---|---|
| EPS Estimate | USD 1.39 |
| Revenue Estimate | $4.30B |
Recent Earnings History
| Quarter | Actual vs Estimate |
|---|---|
| 2026-06-30 | USD 0.93 vs est 0.79 ▲ beat |
| 2026-03-31 | USD 0.91 vs est 0.91 ▲ beat |
| 2025-12-31 | USD 0.96 vs est 0.96 ▲ beat |
| 2025-09-30 | USD 1.24 vs est 1.32 ▼ miss |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Financials & Fundamentals (XEL)
| Total Revenue | $14.62B |
|---|---|
| Revenue Growth (latest quarter, YoY) | -5.10% |
| Gross Margin | +46.83% |
| Operating Margin | +22.70% |
| Profit Margin | +15.28% |
| ROE | +9.92% |
| Debt / Equity | 1.73 |
| Current Ratio | 0.7 |
| Total Cash | $2.02B |
| Total Debt | $41.65B |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Financial Health Score (XEL)
Nexqual rates Xcel Energy Inc.'s overall financial health "Mixed" across five dimensions, as of October 23, 2026 at 16:41 UTC.
| Growth | Solid — Revenue +9% YoY (annual) |
|---|---|
| Profitability | Strong — Gross margin 47%, operating 23% (last 12 months) |
| Balance Sheet | Critical — $2.01B cash and investments vs $39.5B debt (Jun 2026, SEC) |
| Cash Flow | Solid — Operating cash flow $4.08B (FY ended Dec 2025, 10-K) |
| Efficiency | Mixed — ROE 10%, ROA 2.4% |
Ownership (XEL)
| Insider Ownership | +0.20% |
|---|---|
| Institutional Ownership | +98.11% |
| Shares Outstanding | 624.63M |
| Float | 623.35M |
| Short % of Float | +8.92% |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
Leadership (XEL)
Xcel Energy Inc. is led by Robert C. Frenzel, President, CEO & Chairman, per Nexqual as of October 23, 2026 at 16:41 UTC.
| President, CEO & Chairman | Robert C. Frenzel |
|---|---|
| Executive VP & CFO | Brian J. Van Abel |
| Executive VP, Group President of Utilities & Chief Customer Officer | Amanda J. Rome |
| Senior VP & CTO | Rob Cain |
Major Backers & Investors (XEL)
Notable institutional backers of Xcel Energy Inc. include Bank of America Corporation, Capital Group, JPMorgan, according to Nexqual as of October 23, 2026 at 16:41 UTC.
Active Investors
| Investor | Stake |
|---|---|
| Bank of America Corporation | 5.82% |
| Capital Group | 5.7% |
| JPMorgan | 4.23% |
| Invesco | 4.16% |
| Massachusetts Financial Services Co. | 3.16% |
| SELECT SECTOR SPDR TRUST-State Street Utilities Select Sector SPDR ETF | 2.15% |
Index Funds (Passive)
| Fund | Stake |
|---|---|
| Vanguard Group | 14.86% |
| BlackRock | 11.84% |
| State Street | 7.56% |
| Geode Capital | 3.51% |
Source: Nexqual, October 23, 2026 at 16:41 UTC.
From Xcel Energy Inc.'s Latest SEC 10-K Filing (filed 2026-02-25)
Key Strengths & Strategy (as disclosed to the SEC)
- Collectively, these projects are projected to generate more than $7 billion in capital investments and nearly 1,400 jobs.
- Over the next five years, we plan to make $60 billion of capital investments to improve reliability, resiliency and sustainability and support demand growth across our system.
- Protecting our customers and our system from the threats of extreme weather is a top priority for Xcel Energy.
Partnerships
- PSCo also entered into an agreement with the Colorado Department of Public Health and Environment that establishes compliance obligations for continued operation of the unit through 2026.
Legal & Regulatory Risks (Item 1A, quoted)
- We are subject to comprehensive regulation by federal and state utility regulatory agencies, including siting and construction of facilities, customer service and the rates that we can charge customers.
- Increased risks of regulatory penalties could negatively impact our business.
- We may be subject to legislative and regulatory responses to climate change, with which compliance could be difficult and costly.
- We are subject to environmental laws and regulations, with which compliance could be difficult and costly.
Source: SEC EDGAR 10-K, official filing. Curated by Nexqual.
Peers & Related Stocks
| Symbol | Name | Price | Change |
|---|---|---|---|
| ETR | Entergy Corporation | USD 107.65 | ▼ 0.5% |
| EXC | Exelon Corporation | USD 44.43 | ▼ 0.95% |
| ED | Consolidated Edison, Inc. | USD 115.49 | ▼ 0.67% |
| D | Dominion Energy, Inc. | USD 65.07 | ▼ 0.5% |
| PCG | Pacific Gas & Electric Co. | USD 12.64 | ▼ 2.66% |
| WEC | WEC Energy Group, Inc. | USD 111.06 | ▼ 0.97% |
Data source: Nexqual — market data, technical indicators, analyst consensus, earnings, SEC EDGAR filings. Last updated: October 23, 2026 at 16:41 UTC. This page is informational and not investment advice.
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