Xcel Energy Inc Stock Research

Market Summary

USD67.24-0.07

Market Closed

-0.10%

XEL Alerts

Big jump in Revenue (Y/Y)

XEL Stock Price

XEL RSI Chart

XEL Valuation

Market Cap

37.0B

Price/Earnings (Trailing)

21.29

Price/Sales (Trailing)

2.41

EV/EBITDA

11.96

Price/Free Cashflow

9.4

XEL Price/Sales (Trailing)

XEL Profitability

EBT Margin

10.46%

Return on Equity

10.41%

Return on Assets

2.84%

Free Cashflow Yield

10.64%

XEL Fundamentals

XEL Revenue

Revenue (TTM)

15.3B

Revenue Y/Y

37.53%

Revenue Q/Q

-0.71%

XEL Earnings

Earnings (TTM)

1.7B

Earnings Y/Y

31.6%

Earnings Q/Q

-41.6%

Price Action

52 Week Range

56.8977.53

(Low)(High)

Last 7 days

4.5%

Last 30 days

-2.0%

Last 90 days

-4.7%

Trailing 12 Months

-3.5%

XEL Financial Health

Current Ratio

0.85

Debt/Equity

1.37

Debt/Cashflow

0.17

XEL Investor Care

Dividend Yield

2.88%

Dividend/Share (TTM)

1.72

Shares Dilution (1Y)

1.02%

Diluted EPS (TTM)

3.17

Peers (Alternatives to Xcel Energy)

View All Peers In Detail

Name	Mkt Capsorted ascending	Revenue	Price %, 1M	Returns, 1Y	P/E	P/S	Rev 1-Yr	Inc 1-Yr
LARGE-CAP
DUK	74.8B	28.8B	-2.22%	-6.62%	30.49	2.6	16.84%	-31.41%
EXC	41.9B	19.1B	1.58%	-2.14%	19.3	2.2	6.36%	18.70%
XEL	37.0B	15.3B	-2.04%	-3.47%	21.29	2.41	17.56%	10.57%
EVRG	13.9B	5.9B	-1.73%	-4.52%	18.49	2.38	4.88%	-14.44%
LNT	13.4B	4.2B	-1.28%	-11.35%	19.58	3.19	14.61%	1.78%
MID-CAP
PNW	8.9B	4.3B	4.77%	9.89%	17.79	2.06	13.68%	-21.25%
NRG	7.3B	31.5B	-13.33%	-18.67%	5.94	0.23	16.87%	-44.17%
OGE	7.2B	3.4B	-8.04%	-4.74%	10.86	2.14	-7.61%	-9.71%
IDA	5.4B	1.6B	2.19%	-2.54%	21.04	3.31	12.75%	5.47%
ALE	3.7B	1.6B	5.73%	-1.66%	19.29	2.33	10.68%	11.88%
SJW	2.3B	620.7M	-1.69%	15.73%	31.49	3.75	8.19%	22.07%
SMALL-CAP
MSEX	1.4B	162.4M	-11.55%	-24.16%	31.93	8.34	13.48%	16.11%
UTL	886.7M	563.2M	5.51%	11.70%	21.42	1.57	18.99%	14.68%
GNE	278.1M	364.5M	-21.32%	49.86%	2.8	0.76	3.55%	9592.01%

Financials for Xcel Energy

* denotes actual numbers (not divided by Millions)
Income Statement (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Revenue	7.8%	15,310	14,204	13,589	13,233	13,023
Costs and Expenses	4.9%	12,882	12,276	11,760	11,435	11,228
EBITDA	3.4%	4,990	4,825	4,694	4,561	-
EBITDA Margin	-4.1%	0.33*	0.34*	0.35*	0.34*	-
Earnings Before Taxes	4.0%	1,601	1,539	1,498	1,517	1,527
EBT Margin	-3.5%	0.10*	0.11*	0.11*	0.11*	-
Interest Expenses	3.7%	953	919	886	851	842
Net Income	5.5%	1,736	1,645	1,605	1,588	1,570
Net Income Margin	-2.1%	0.11*	0.12*	0.12*	0.12*	-
Free Cahsflow	4.1%	3,932	3,777	3,688	3,465	-

* denotes actual numbers (not divided by Millions)
Balance Sheet					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Assets	2.0%	61,188	59,975	59,317	57,985	57,851
Current Assets	1.1%	5,144	5,090	4,842	4,022	4,239
Cash Equivalents	-5.1%	111	117	335	90.00	166
Inventory	34.9%	870	645	505	631	-
Net PPE	2.0%	48,253	47,287	46,535	45,837	45,457
Current Liabilities	24.0%	6,078	4,903	4,865	5,352	5,046
. Short Term Borrowings	414.6%	813	158	136	996	1,005
Long Term Debt	-2.1%	22,813	23,309	23,205	21,534	21,779
Shareholder's Equity	1.8%	16,675	16,384	15,971	15,732	15,612
Retained Earnings	1.6%	7,239	7,128	6,747	6,686	6,572
Additional Paid-In Capital	2.2%	8,155	7,979	7,960	7,801	7,803
Accumulated Depreciation	1.7%	17,639	17,336	17,420	17,060	-
Shares Outstanding	0.5%	550	547	547	545	544

Cashflow (Last 12 Months)					(In Millions)
Description	(%) Q/Q	2022Q4	2022Q3	2022Q2	2022Q1	2021Q4
Cashflow From Operations	4.1%	3,932	3,777	3,688	3,465	2,189
Share Based Compensation	-33.3%	20.00	30.00	24.00	26.00	31.00
Cashflow From Investing	-2.4%	-4,653	-4,543	-4,140	-4,204	-4,287
Cashflow From Financing	164.3%	666	252	249	-210	2,135
Dividend Payments	2.1%	1,012	991	972	952	935

Risks for XEL

What is the probability of a big loss on XEL?

42.3%

Probability that Xcel Energy stock will be more than 20% underwater in next one year

Probability that Xcel Energy stock will be more than 30% underwater in next one year.

Probability that Xcel Energy stock will be more than 40% underwater in next one year.

*Calculated based on probability distribution of losses observed in actual data in the last 5 years.

How does XEL drawdown profile look like?

Y-axis is the maximum loss one would have experienced if Xcel Energy was unfortunately bought at previous high price.

Drawdowns

Returns for XEL

Cumulative Returns on XEL

12.1%

10-Year Cumulative Returns

10.2%

7-Year Cumulative Returns

11.4%

5-Year Cumulative Returns

2.3%

3-Year Cumulative Returns

What are the long-term rolling returns for XEL?

FIve years rolling returns for Xcel Energy.

Annualized Returns

Which funds bought or sold XEL recently?

View All Details

Datesorted ascending	Fund Name	Type	% Chg	$ Change	$ Held	% Portfolio
2023-03-15	B. Riley Wealth Advisors, Inc.	added	7.02	102,910	676,910	0.02%
2023-03-13	Claro Advisors LLC	new	-	2,104,740	2,104,740	0.69%
2023-03-10	VICTORY CAPITAL MANAGEMENT INC	added	8.82	67,755,300	420,543,000	0.46%
2023-03-08	SHEETS SMITH WEALTH MANAGEMENT	unchanged	-	84,035	959,035	0.15%
2023-03-06	Rockefeller Capital Management L.P.	added	22.39	3,673,000	14,455,000	0.07%
2023-03-03	TIAA, FSB	reduced	-2.72	71,712	1,154,710	-%
2023-03-02	LORING WOLCOTT & COOLIDGE FIDUCIARY ADVISORS LLP/MA	new	-	746,461	746,461	0.01%
2023-03-01	PANORAMIC INVESTMENT ADVISORS, LLC	new	-	293,691	293,691	0.30%
2023-02-28	Voya Investment Management LLC	added	3.48	1,661,040	14,096,000	0.02%
2023-02-27	Parallax Volatility Advisers, L.P.	unchanged	-	207	4,207	-%

Latest Funds Activity

Are funds buying XEL calls or puts?

Calls

Puts

Are funds bullish or bearish(Calls - Puts)?

Net Call Options

No. of funds that own XEL

No. of Funds

XEL Alerts

Big jump in Revenue (Y/Y)

Xcel Energy News

Schedule 13G FIlings of Xcel Energy

Date Filed	Name of Filer	Percent of Class	No. of Shares	Form Type
Feb 09, 2023	vanguard group inc	9.63%	52,686,110	SC 13G/A
Feb 07, 2023	state street corp	5.59%	30,596,919	SC 13G/A
Jan 30, 2023	blackrock inc.	9.1%	49,879,868	SC 13G/A
Jan 27, 2023	jpmorgan chase & co	5.8%	32,249,375	SC 13G/A
Jan 25, 2023	blackrock inc.	9.1%	49,879,868	SC 13G/A
Feb 14, 2022	state street corp	5.13%	27,639,699	SC 13G/A
Feb 11, 2022	magellan asset management ltd	4.17%	22,451,988	SC 13G
Feb 09, 2022	vanguard group inc	9.06%	48,780,248	SC 13G/A
Jan 27, 2022	blackrock inc.	10.1%	54,190,364	SC 13G/A
Jan 25, 2022	blackrock inc.	10.1%	54,190,364	SC 13G/A

XEL Fair Value

Xcel Energy fair value in different scenarios

The table shows the Fair Value estimates for Xcel Energy for various scenarios. Disclaimer: These are just estimations from a model. None of the models are good at predicting the future. Please dont buy or sell stocks based on these outputs.

Fair Value	Very Pessimistic	Pessimistic	Base Case	Optimistic	Very Optimistic
Very Low Inflation	37.35 -44.45%	44.47 -33.86%	59.25 -11.88%	95.30 41.73%	116.78 73.68%
Current Inflation	34.38 -48.87%	40.42 -39.89%	52.92 -21.30%	83.10 23.59%	100.95 50.13%
Very High Inflation	30.68 -54.37%	35.50 -47.20%	45.38 -32.51%	69.01 2.63%	82.85 23.22%

Historical Xcel Energy Fair Value Estimates

Very Pessimistic Case

Pessimistic Case

Fair Value

Optimistic Case

Very Optimistic Case

Closing Stock Price

Recent SEC filings of Xcel Energy

View All Filings

Date Filed	Form Type	Document
Mar 13, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Mar 02, 2023	4	Insider Trading
Feb 27, 2023	S-3ASR	S-3ASR
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading
Feb 23, 2023	4	Insider Trading

Latest Insider Trading transactions for XEL

Filter Transactions

Datesorted ascending	Name	Buy/Sell	$ Value	Avg. Price	# Shares	Title
2023-03-09	Prager Frank P	sold	-47,905	65.00	-737	svp, strategy, security & ext.
2023-03-01	Rome Amanda J	sold (taxes)	-42,396	64.57	-656	evp, chief legal and complianc
2023-02-28	O'Connor Timothy John	sold (taxes)	-271,091	65.4	-4,145	evp, chief operations officer
2023-02-28	O'Connor Timothy John	acquired	-	-	9,088	evp, chief operations officer
2023-02-21	Van Abel Brian J	sold (taxes)	-677,770	68.01	-9,965	evp, chief financial officer
2023-02-21	O'Connor Timothy John	sold (taxes)	-140,682	68.01	-2,068	evp, chief operations officer
2023-02-21	Rome Amanda J	acquired	-	-	2,852	evp, chief legal and complianc
2023-02-21	Van Abel Brian J	acquired	-	-	3,459	evp, chief financial officer
2023-02-21	Van Abel Brian J	acquired	-	-	16,791	evp, chief financial officer
2023-02-21	Frenzel Robert	acquired	-	-	7,633	chairman, president and ceo

About Xcel Energy

Robert C. Frenzel

www.xcelenergy.com

11300

Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas to retail customers, as well as transports customer-owned natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for the construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company sells electricity to approximately 3.7 million customers; and natural gas to approximately 2.1 million customers. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.

XEL Income Statement

2022-12-31

CONSOLIDATED STATEMENTS OF INCOME - USD ($)
shares in Millions, $ in Millions

12 Months Ended

Dec. 31, 2022

Dec. 31, 2021

Dec. 31, 2020

Operating revenues

Electric

$ 12,123

$ 11,205

$ 9,802

Natural Gas

3,080

2,132

1,636

Other

107

Total operating revenues

15,310

13,431

11,526

Operating expenses

Electric fuel and purchased power

5,005

4,733

3,512

Cost of natural gas sold and transported

1,910

1,081

689

Cost of sales — other

Operating and maintenance expenses

2,491

2,321

2,324

Conservation and demand side management expenses

331

304

288

Depreciation and amortization

2,413

2,121

1,948

Taxes (other than income taxes)

688

630

612

Total operating expenses

12,882

11,228

9,410

Operating income

2,428

2,203

2,116

Other (expense) income, net

(13)

(6)

Earnings from equity method investments

Allowance for funds used during construction — equity

115

Interest charges and financing costs

Interest charges — includes other financing costs of $31, $29 and $28, respectively

953

842

840

Allowance for funds used during construction — debt

(28)

(26)

(42)

Total interest charges and financing costs

925

816

798

Income before income taxes

1,601

1,527

1,467

Income tax benefit

(135)

(70)

(6)

Net income

$ 1,736

$ 1,597

$ 1,473

Weighted average common shares outstanding:

Basic

547

539

527

Diluted

^[1]

547

540

528

Earnings per average common share:

Basic

$ 3.18

$ 2.96

$ 2.79

Diluted

$ 3.17

$ 2.96

$ 2.79

Net income

$ 1,736

$ 1,597

$ 1,473

[1]	Diluted common shares outstanding included common stock equivalents of 0.3 million, 0.3 million and 1.1 million shares for 2022, 2021 and 2020, respectively.

XEL Balance Sheet

2022-12-31

CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Millions

Dec. 31, 2022

Dec. 31, 2021

Current assets

Cash and cash equivalents

$ 111

$ 166

Accounts receivable, net

1,373

1,018

Accrued unbilled revenues

1,105

862

Inventories

803

631

Regulatory assets

1,059

1,106

Derivative instruments

279

123

Prepaid taxes

Prepayments and other

360

289

Total current assets

5,144

4,239

Property, plant and equipment, net

48,253

45,457

Other assets

Nuclear decommissioning fund and other investments

3,234

3,628

Regulatory assets

2,871

2,738

Derivative instruments

Operating lease right-of-use assets

1,204

1,291

Other

389

431

Total other assets

7,791

8,155

Total assets

61,188

57,851

Current liabilities

Current portion of long-term debt

1,151

601

Short-term debt

813

1,005

Accounts payable

1,804

1,409

Regulatory liabilities

^[1]

418

271

Taxes accrued

569

Accrued interest

217

209

Dividends payable

268

249

Derivative instruments

Operating Lease, Liability, Current

217

205

Other

545

459

Total current liabilities

6,078

5,046

Deferred credits and other liabilities

Deferred income taxes

4,756

4,894

Deferred investment tax credits

Regulatory liabilities

^[1]

5,569

5,405

Asset retirement obligations

3,380

3,151

Derivative instruments

113

105

Customer advances

181

196

Pension and employee benefit obligations

390

306

Operating lease liabilities

1,038

1,146

Other

147

158

Total deferred credits and other liabilities

15,622

15,414

Commitments and contingencies

Capitalization

Long-term debt

22,813

21,779

Common stock — 1,000,000,000 shares authorized of $2.50 par value; 549,578,018 and 544,025,269 shares outstanding at Dec. 31, 2022 and Dec. 31, 2021, respectively

$ 1,374

$ 1,360

Common stock, shares authorized (in shares)

1,000,000,000

Common stock, par value (in dollars per share)

$ 2.50

Common Stock, Shares, Outstanding

549,578,018

544,025,269

Additional paid in capital

$ 8,155

$ 7,803

Retained earnings

7,239

6,572

Accumulated other comprehensive loss

(93)

(123)

Total common stockholders’ equity

16,675

15,612

Total liabilities and equity

$ 61,188

$ 57,851

[1]	Revenue subject to refund of $67 million and $17 million for 2022 and 2021, respectively, is included in other current liabilities.