Xcel Energy

XEL

Market cap $49.3B

Xcel Energy is a regulated utility with a wide moat, benefiting from essential service status and government-sanctioned monopoly. XEL targets $60 billion in capital investment (2026-2030), driven by surging AI and data center electricity demand, supporting 11% annual rate base growth. Shares trade at a forward P/E of 19, a 5% discount to fair value, with 9%+ annual EPS growth and 4%–6% dividend growth targeted.

MINNEAPOLIS--(BUSINESS WIRE)--The Board of Directors of Xcel Energy Inc. (NASDAQ: XEL) today raised the quarterly dividend on the company's common stock from 57 cents per share to 59.25 cents per share, which is equivalent to an annual rate of $2.37 per share. The dividends are payable April 20, 2026, to shareholders of record on March 13, 2026. “Xcel Energy is rewarding its shareholders with higher dividends for the twenty third consecutive year. It was made possible by our more than 11,000 em.

ORANGE, Conn.--(BUSINESS WIRE)--Avangrid, Inc., a leading energy company and member of the Iberdrola Group, today announced that it extended its offtake agreement with Xcel Energy for electricity produced at Avangrid's MinnDakota energy project. This extension of an existing Power Purchase Agreement (PPA) between the two companies will ensure MinnDakota continues to generate reliable energy for the region and support the local economy. “MinnDakota was a milestone project when it was built and i.

Xcel Energy said on Tuesday it will power a new Google data center in Pine Island, Minnesota, bringing 1,900 megawatts of new clean energy to the grid.

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy (NASDAQ: XEL) announced today it will power a new Google data center in Pine Island, Minnesota. The data center and associated Electric Service Agreement will provide a significant contribution to the state's economy, including a large buildout of new clean energy projects that will contribute to Minnesota's clean energy goals while ensuring that Xcel Energy's current customers benefit as a result of this growth. Data centers serve as the core infrastru.

MINNEAPOLIS--(BUSINESS WIRE)--Xcel Energy (NASDAQ: XEL) announced today that Rob Cain has been named its senior vice president, chief technology officer, effective immediately. Cain will lead the company's Technology and Security Services organization, taking over the role held by Tim Peterson, who accepted a position outside of the company. The Technology and Security Services organization is vital to Xcel Energy's resilience, innovation and success. Cain will oversee its key role in modernizi.

Xcel Energy Inc. benefits from surging AI data center demand, driving robust electric segment growth and a $60B infrastructure expansion plan. Despite a 14% y/y revenue increase to $3.56B, XEL missed consensus and maintains a hold rating due to sufficient existing exposure. XEL's leverage is elevated with a 1.75x interest coverage and Baa1 rating, but its regulated monopoly and long-term energy demand mitigate risk.

Xcel Energy Inc. (XEL) Q4 2025 Earnings Call Transcript

XEL's Q4 earnings and revenues miss estimates as expenses and financing costs rise year over year.

Although the revenue and EPS for Xcel (XEL) give a sense of how its business performed in the quarter ended December 2025, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers.