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Xcel Energy: Recent Regulatory Activity Supports Our Outlook

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We are reaffirming our $60 fair value estimate and financial forecasts for Xcel Energy XEL after reviewing recent regulatory developments in several of its service territories. We are reaffirming our narrow moat and stable moat trend ratings, as well.

The author or authors do not own shares in any securities mentioned in this article. Find out about Morningstar’s editorial policies.

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About the Author

Travis Miller

Strategist
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Travis Miller is an energy and utilities strategist for Morningstar Research Services LLC, a wholly owned subsidiary of Morningstar, Inc. He covers energy and utilities. Previously, Miller was director of the utilities equity research team at Morningstar.

Before joining Morningstar in 2007, he was a reporter for several Chicago-area newspapers, including the Daily Herald in Arlington Heights, Illinois.

Miller holds a bachelor’s degree in journalism from Northwestern University’s Medill School of Journalism and a master’s degree in business administration from the University of Chicago Booth School of Business, with concentrations in accounting and finance. He is a Level III candidate in the Chartered Financial Analyst® program.

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