Xcel Energy (XEL)

• Market cap: $39.9B
• 1 day: 0.80%
• 5 days: 3.32%
• 1 month: 9.51%
• 3 months: 17.93%
• 6 months: 24.50%
• Year to date: 9.44%
• 1 year: 15.59%
• 5 years: 14.11%
• 10 years: 107.78%
• Sector: Utilities
• Industry: Electric & Other Services Combined

About: Xcel Energy manages utilities serving 3.8 million electric customers and 2.2 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 suppliers in the US with more than half of its electricity sales coming from carbon-free energy.

Employees: 11,311

Fund manager confidence

Based on 2024 Q3 regulatory filings by fund managers ($100M+ AUM)

119% more call options, than puts

Call options by funds: $113M | Put options by funds: $51.8M

100% more funds holding in top 10

Funds holding in top 10: 3 [Q2] → 6 (+3) [Q3]

32% more first-time investments, than exits

New positions opened: 136 | Existing positions closed: 103

25% more capital invested

Capital invested by funds: $23.7B [Q2] → $29.7B (+$5.98B) [Q3]

15% more repeat investments, than reductions

Existing positions increased: 374 | Existing positions reduced: 326

3% more funds holding

Funds holding: 957 [Q2] → 990 (+33) [Q3]

1.85% more ownership

Funds ownership: 79.72% [Q2] → 81.57% (+1.85%) [Q3]

Research analyst outlook

11 Wall Street Analysts provided 1 year price targets over the past 3 months

• Low target: $66 5% downside
• Avg. target: $69 0% upside
• High target: $76 9% upside

11 analyst ratings

• positive: 6 55%
• neutral: 5 45%
• negative: 0 0%

Keybanc Sophie Karp 66% 1-year accuracy 29 / 44 met price target	7% upside $74	Overweight Maintained	1 Nov 2024
Jefferies Paul Zimbardo 100% 1-year accuracy 3 / 3 met price target	9% upside $76	Buy Upgraded	1 Nov 2024
Barclays Nicholas Campanella 72% 1-year accuracy 49 / 68 met price target	4% downside $67	Overweight Maintained	21 Oct 2024
Wells Fargo Neil Kalton 69% 1-year accuracy 33 / 48 met price target	5% downside $66	Equal-Weight Maintained	16 Oct 2024
Keybanc Sophie Karp 66% 1-year accuracy 29 / 44 met price target	1% downside $69	Overweight Maintained	30 Sept 2024