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Xcel Energy Inc XEL Stock Quote

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Morningstar‘s Stock Analysis XEL

Valuation
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Is it the right time to buy or sell?
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Is it the right time to buy or sell?
Find out with Morningstar Investor

1-Star Price

INVESTOR

5-Star Price

INVESTOR

Economic Moat

INVESTOR

Capital Allocation

INVESTOR

Raising U.S. Electricity Demand Growth Outlook, Reaffirming Utilities Fair Value Estimates

Travis Miller Strategist

Analyst Note

| Travis Miller |

We are reaffirming our fair value estimates for U.S. utilities after raising our 10-year annual U.S. electricity demand growth forecast to 1.4%, up from 1.2% in our previous forecast two years ago. We also are reaffirming our economic moat and moat trend ratings for all U.S. utilities.

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Key Statistics XEL

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Company Profile XEL

Business Description

Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy providers in the U.S. with nearly half of its electricity sales coming from carbon-free energy.

Contact
414 Nicollet Mall
Minneapolis, MN, 55401
T +1 612 330-5500
Sector Utilities
Industry Utilities - Regulated Electric
Most Recent Earnings Jun 30, 2022
Fiscal Year End Dec 31, 2022
Employees 11,321

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