Reading the tape
NASDAQ: XEL
Xcel Energy Inc.
Utilities · Regulated Electric
Market Cap
$51.54B
52w High
$84.23
52w Low
$65.21
P/E
24.64
Volume
5.35M
Outstanding Shares
624.16M
Price vs Fundamentals
Why The Stock Is Moving
Optimism is getting priced inModerate confidence
1Y Price: 17.3%Revenue (TTM): 7.93%FCF (TTM): -923.34%P/E: 98th pct
What changed
The stock rose 17.3% over the last year. Revenue grew 7.93% over the trailing twelve months. Operating margin moved from 17.4% to 19.85%. Free cash flow declined 923.34% over the trailing twelve months.
What the market seems to be pricing
The stock is trading toward the richer end of its historical P/E range (98th percentile) while business metrics are improving. More of the upside is already embedded in the multiple now.
What would invalidate this read
Operating margin is at 19.85% — continued expansion would be needed to justify the premium. Revenue growth of 7.93% is encouraging, but any deceleration puts the stretched multiple at risk. This read changes if revenue, margins, and cash flow continue to improve faster than expected — in that case the richer multiple could still prove conservative.
Company profile
Xcel Energy Inc., through its subsidiaries, generates, purchases, transmits, distributes, and sells electricity.
CEORobert C. Frenzel
SectorUtilities
IndustryRegulated Electric
Employees11,380
IPO dateMar 13, 2001
Valuation
Forward P/E—
EV/EBITDA12.83
Enterprise value$77.86B
Stock splits
Jun 2, 1998↑ Forward
Every 1 shares became 2
Jun 16, 1986↑ Forward
Every 1 shares became 2
Profitability & growth
Revenue growth2.94%
Gross margin18.91%▼46.87%vs FY2024
Operating margin19.85%▲10.56%vs FY2024
ROE8.55%▼13.81%vs FY2024
Analyst consensus
RatingBuy
Target price$91.00▲10.20%
16
Buy
8
Hold
2
Sell
Analyst ratings tend to be lagging indicators. Use as one signal among many.
Earnings
Full quarter-by-quarter history of actuals vs estimates. Switch into compare mode to inspect one metric year-over-year.
Next report
Jul 30, 2026
Q3 FY26 · EPS est $0.74 · Revenue est $3.59B
View
Dividends
$2.30/shareQuarterlySafeXEL pays a dividend with a 2.79% dividend yield, growing at 10.45% annually, covered 4.1× by free cash flow.
Dividend Yield
2.79%
Annual Div / Share
$2.30
5yr CAGR
+10.45%
Doubles every ~7.0yr
Payout Ratio
1.96%
Safe
Dividend Growth Rate
3yr CAGR
+13.19%
5yr CAGR
+10.45%
10yr CAGR
+8.25%
Dividend Safety
10/10Safe
Dividend History
Annual dividends paid per share
YearAnnual DivYoY
2025$2.83+72.1%
2024$1.64-21.0%
2023$2.08+6.7%
2022$1.95+6.6%
2021$1.83+6.4%
2020$1.72+6.2%
2019$1.62+6.6%
Income Projection
Invest
$
Growth rate:
Reinvest dividends
Today
$28/yr
$2/mo
In 5 yrs
$46/yr+64%
$4/mo
In 10 yrs
$75/yr+170%
$6/mo
| Today | In 5 yrs | In 10 yrs |
|---|---|---|
$28/yr $2/mo | $46/yr+64% $4/mo | $75/yr+170% $6/mo |
Yield-on-cost grows from 2.79% → 7.53% over 10yr
Analysis
Dividend Strengths
Well-covered by free cash flow
The dividend is covered 4.1× by free cash flow, indicating the company generates sufficient cash to sustain and potentially grow the payout without straining its finances.
Strong dividend growth rate
The 5-year CAGR of 10.45% meaningfully outpaces inflation, compounding real income growth for long-term holders.
Risks to Watch
No strong risk signal stands out from the latest period pair.