Xcel Energy Inc

XEL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$28.00	Dtbfr	Mwbfqbjr

Xcel Energy Earnings: Capital Investment Growth Plan on Track; Wildfire Risk Overhang Remains

Travis Miller

Apr 25, 2024

We are reaffirming our $60 fair value estimate for Xcel Energy after the company reported $0.88 in ongoing earnings per share during the first quarter, up from $0.76 in the first quarter of 2023. We also are reaffirming our narrow moat rating.

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