Is Xcel Energy (XEL) overvalued or fairly valued?

MarketChacha shows Xcel Energy's valuation in context — a trailing P/E of about 21.9, a forward P/E of about 16.6, a price-to-book of about 2.0 — alongside its revenue and profit growth and whether reported profit converts into operating cash, so you can judge value for yourself. MarketChacha does not issue ratings, price targets, or buy/sell advice.

Does Xcel Energy's reported profit turn into cash?

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash. MarketChacha computes this cash-conversion check (2.45×) from reported figures — education, not a rating.

What is the share price of Xcel Energy (XEL)?

Xcel Energy last traded at $75.61 (-1.0% on the day), as of 9/4/2026 — a delayed quote shown for education, not investment advice.

Xcel Energy

XEL · NASDAQ · Utilities · United States

Snapshot

TickerXEL

ExchangeNASDAQ

SectorUtilities

IndustryUtilities - Regulated Electric

CountryUnited States

Employees11,534

HeadquartersMinneapolis, United States

Websitewww.my.xcelenergy.com/s

Filings tracked25

About Xcel Energy

Xcel Energy Inc., through its subsidiaries, operates as an electric and natural gas delivery company in the United States. It operates through Regulated Electric Utility and Regulated Natural Gas Utility segments. The company generates, purchases, transmits, distributes, and sells electricity through its energy portfolio, including wind, nuclear, hydroelectric, biomass, and solar power from both owned generation facilities and PPAs, as well as its fossil fuel energy portfolio, such as coal and natural gas; sale and resale of wholesale transmission service; and engages in wholesale commodity and trading operations. It also purchases, transports, stores, distributes, and sells natural gas; develops and leases natural gas pipelines and storage facilities; operates interstate natural gas pipeline; and invests in rental housing projects, energy technology companies, and community solar garden nonregulated assets. It serves electric and natural gas customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company was formerly known as Northern States Power company. Xcel Energy Inc. was incorporated in 1909 and is headquartered in Minneapolis, Minnesota.

Who owns it

Insiders0.2%
Institutions98.2%
Public & other1.6%

1,690 institutional holders

Ownership breakdown from public market data.

Top holders

Blackrock Inc.11.84%
Vanguard Capital Management LLC7.93%
State Street Corporation7.56%
Vanguard Portfolio Management LLC6.93%
Bank of America Corporation5.82%
Capital Research Global Investors5.70%
JPMORGAN CHASE & CO4.23%
Invesco Ltd.4.16%

Largest institutional holders — last updated 6/30/2026.

Forensic scorecard

No major accounting red flags in the fundamentals we have — profit is backed by cash and returns look healthy.

Cash conversion2.45×

Over 3 years, operating cash flow fully covered reported profit — earnings are backed by real cash.

Computed by MarketChacha from reported figures (SEC XBRL). Education, not a rating or recommendation.

What's expected next

Next quarter

Rev $4.1B · EPS 1.02

Est. earnings growth +6.1%

Next fiscal year

Rev $17.2B · EPS 4.54

Est. earnings growth +10.4%

Analyst consensus estimates — not the company's own guidance.

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P/E ROE ROCE Margins Market cap

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Financials at a glance

Source: SEC XBRL

Annual

Quarterly · last 8

ROE

8.5%

Profit CAGR (2y)

+6.7%

EPS (FY2025)

3.42

Net profit (FY2025)

$2.0B

Ask MarketChacha about XEL

Get a cited, plain-English answer — the “why”, not just data. Finance research only, never buy/sell advice.

Financials

Yearly

Period	Net profit	EPS	ROE
FY2025	$2.0B	3.42	8.5%
FY2024	$1.9B	3.44	9.9%
FY2023	$1.8B	3.21	10.1%

Quarterly

Period	Net profit	EPS
2026Q2	$586.0M	0.93
2026Q1	$556.0M	0.89
2025Q3	$524.0M	0.88
2025Q2	$444.0M	0.75
2025Q1	$483.0M	0.84
2024Q3	$682.0M	1.21
2024Q2	$302.0M	0.54
2024Q1	$488.0M	0.88
2023Q3	$656.0M	1.19
2023Q2	$288.0M	0.52
2023Q1	$418.0M	0.76

Figures as reported, in reporting currency. Source: SEC XBRL.

Filings & announcements

2026

10-Q filing
SEC7/30/2026
8-K — Results of operations, Exhibits
SEC7/30/2026material
8-K — Executive/director change, Exhibits
SEC7/29/2026material
8-K — Other events
SEC7/14/2026material
8-K — Other events
SEC6/23/2026material
8-K — Other events
SEC6/22/2026material
8-K — Other events
SEC6/9/2026material
8-K — Other events
SEC6/3/2026material
8-K — Shareholder vote results
SEC5/22/2026material
8-K — Other events
SEC5/11/2026material
8-K — Other events
SEC5/5/2026material
8-K — Other events, Exhibits
SEC5/1/2026material
8-K — Results of operations, Exhibits
SEC4/30/2026material
10-Q filing
SEC4/30/2026
8-K — Other events, Exhibits
SEC3/3/2026material
10-K filing
SEC2/25/2026
8-K — Results of operations, Exhibits
SEC2/5/2026material
8-K — Material agreement, Material financial obligation, Exhibits
SEC2/2/2026material
8-K — Other events
SEC1/2/2026material

2025

8-K — Executive/director change
SEC12/17/2025material
8-K — Other events, Exhibits
SEC12/15/2025material
8-K — Other events
SEC11/24/2025material
8-K — Other events
SEC11/21/2025material
8-K — Other events
SEC11/7/2025material
8-K — Results of operations, Exhibits
SEC10/30/2025material

In the news

Education and discussion only — not investment advice. Financials from official filings (SEC/BSE) and reported company statements; market figures (delayed market data) are delayed and shown for reference only. Verify with the linked sources before acting.