Xcel Energy Inc (XEL) Quote - XNAS | Morningstar

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Xcel Stays on Steady Growth Path to Achieve Clean Energy Goals, but Stock Is Pricey

Strategist Travis Miller

Travis Miller Strategist

Analyst Note

| Travis Miller | Apr 29, 2022

We are reaffirming our $57 per share fair value estimate for Xcel Energy after management reported $0.70 per share of earnings in the first quarter of 2022 and reaffirmed its full-year outlook, including its $3.10-$3.20 EPS guidance range. Xcel remains on track to meet our full-year and long-term financial estimates. We are reaffirming our narrow moat and stable moat trend ratings.

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Xcel Energy Inc's Company Profile

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

Paul.A.Johnson@xcelenergy.com

www.xcelenergy.com

Sector Utilities

Industry Utilities - Regulated Electric

Most Recent Earnings Mar 31, 2022

Fiscal Year End Dec 31, 2022

Stock Type Classic Growth

Employees 11,321

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