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Xcel Energy

Nasdaq:XEL
Snowflake Description

Established dividend payer with questionable track record.

The Snowflake is generated from 30 checks in 5 different areas, read more below.
XEL
Nasdaq
$29B
Market Cap
  1. Home
  2. US
  3. Utilities
Company description

Xcel Energy Inc., through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. The last earnings update was 20 days ago. More info.


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XEL Share Price and Events
7 Day Returns
2.1%
NasdaqGS:XEL
0.8%
US Electric Utilities
-3.9%
US Market
1 Year Returns
30.6%
NasdaqGS:XEL
15.3%
US Electric Utilities
1.4%
US Market
XEL Shareholder Return
  7 Day 30 Day 90 Day 1 Year 3 Year 5 Year
Xcel Energy (XEL) 2.1% 4.3% 7% 30.6% 41.2% 88.8%
US Electric Utilities 0.8% 0.3% 5% 15.3% 17.6% 41.8%
US Market -3.9% -3.6% 1.8% 1.4% 35.8% 40.8%
1 Year Return vs Industry and Market
  • XEL outperformed the Electric Utilities industry which returned 15.3% over the past year.
  • XEL outperformed the Market in United States of America which returned 1.4% over the past year.
Price Volatility
XEL
Industry
5yr Volatility vs Market

XEL Value

 Is Xcel Energy undervalued based on future cash flows and its price relative to the stock market?

Value is all about what a company is worth versus what price it is available for. If you went into a grocery store and all the bananas were on sale at half price, they could be considered undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current share price of Xcel Energy to its discounted cash flow analysis.value.

The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Raw Data

Below are the data sources, inputs and calculation used to determine the intrinsic value for Xcel Energy.

NasdaqGS:XEL Discounted Cash Flow Data Sources
Data Point Source Value
Valuation Model 2 Stage Free Cash Flow to Equity
Levered Free Cash Flow Average of 12 Analyst Estimates (S&P Global) See below
Discount Rate (Cost of Equity) See below 7.5%
Perpetual Growth Rate 10-Year US Government Bond Rate 2.7%

An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.

Calculation of Discount Rate/ Cost of Equity for NasdaqGS:XEL
Data Point Calculation/ Source Result
Risk-Free Rate 10-Year US Govt Bond Rate 2.7%
Equity Risk Premium S&P Global 6%
Electric Utilities Unlevered Beta Simply Wall St/ S&P Global 0.23
Re-levered Beta = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.235 (1 + (1- 21%) (65.07%))
0.568
Levered Beta Levered Beta limited to 0.8 to 2.0
(practical range for a stable firm)
0.8
Discount Rate/ Cost of Equity = Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (0.8 * 5.96%)
7.5%

Discounted Cash Flow Calculation for NasdaqGS:XEL using 2 Stage Free Cash Flow to Equity Model

The calculations below outline how an intrinsic value for Xcel Energy is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.

NasdaqGS:XEL DCF 1st Stage: Next 10 year cash flow forecast
Levered FCF (USD, Millions) Source Present Value
Discounted (@ 7.5%)
2019 -1,694.00 Analyst x1 -1,575.84
2020 429.50 Analyst x2 371.67
2021 376.00 Analyst x1 302.68
2022 344.09 Est @ -8.49% 257.68
2023 326.47 Est @ -5.12% 227.43
2024 317.44 Est @ -2.77% 205.71
2025 313.90 Est @ -1.12% 189.23
2026 314.01 Est @ 0.04% 176.09
2027 316.67 Est @ 0.84% 165.20
2028 321.13 Est @ 1.41% 155.84
Present value of next 10 years cash flows $475.69
NasdaqGS:XEL DCF 2nd Stage: Terminal Value
Calculation Result
Terminal Value = FCF2028 × (1 + g) ÷ (Discount Rate – g)
= $321.13 × (1 + 2.73%) ÷ (7.5% – 2.73%)
$6,919.06
Present Value of Terminal Value = Terminal Value ÷ (1 + r)10
= $6,919.06 ÷ (1 + 7.5%)10
$3,357.71
NasdaqGS:XEL Total Equity Value
Calculation Result
Total Equity Value = Present value of next 10 years cash flows + Terminal Value
= $475.69 + $3,357.71
$3,833.40
Equity Value per Share
(USD)
= Total value / Shares Outstanding
= $3,833.40 / 514.67
$7.45
NasdaqGS:XEL Discount to Share Price
Calculation Result
Value per share (USD) From above. $7.45
Current discount Discount to share price of $57.22
= -1 x ($57.22 - $7.45) / $7.45
-668.2%

Learn more about our DCF calculations in Simply Wall St’s analysis model .

  • The current share price of Xcel Energy is above its future cash flow value.
Often investors are willing to pay a premium for a company that has a high dividend or the potential for future growth.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing when they are out of season, or how much your home is worth.

The amount the stock market is willing to pay for Xcel Energy's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are Xcel Energy's earnings available for a low price, and how does this compare to other companies in the same industry?
Raw Data
NasdaqGS:XEL PE (Price to Earnings) Ratio Data Sources
Data Point Source Value
Earnings Per Share * Company Filings (2019-03-31) in USD $2.51
NasdaqGS:XEL Share Price ** NasdaqGS (2019-05-15) in USD $57.22
United States of America Electric Utilities Industry PE Ratio Median Figure of 26 Publicly-Listed Electric Utilities Companies 21.83x
United States of America Market PE Ratio Median Figure of 3,087 Publicly-Listed Companies 17.79x

* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.

** Primary Listing of Xcel Energy.

NasdaqGS:XEL PE (Price to Earnings) Ratio Calculation
Calculation Outcome
PE Ratio

= NasdaqGS:XEL Share Price ÷ EPS (both in USD)

= 57.22 ÷ 2.51

22.82x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xcel Energy is overvalued based on earnings compared to the US Electric Utilities industry average.
  • Xcel Energy is overvalued based on earnings compared to the United States of America market.
Price based on expected Growth
Does Xcel Energy's expected growth come at a high price?
Raw Data
NasdaqGS:XEL PEG (Price to Earnings to Growth) Ratio Data Sources
Data Point Source Value
PE Ratio See PE Ratio Section 22.82x
Net Income Annual Growth Rate See Future Growth Section.
Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts
7.3%per year
United States of America Electric Utilities Industry PEG Ratio Median Figure of 23 Publicly-Listed Electric Utilities Companies 3.05x
United States of America Market PEG Ratio Median Figure of 2,113 Publicly-Listed Companies 1.52x

*Line of best fit is calculated by linear regression .

NasdaqGS:XEL PEG (Price to Earnings to Growth) Ratio Calculation
Calculation Outcome
PEG Ratio

= PE Ratio ÷ Net Income Annual Growth Rate

= 22.82x ÷ 7.3%

3.15x

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xcel Energy is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on Xcel Energy's assets?
Raw Data
NasdaqGS:XEL PB (Price to Book) Ratio Data Sources
Data Point Source Value
Book Value per Share Company Filings (2019-03-31) in USD $23.96
NasdaqGS:XEL Share Price * NasdaqGS (2019-05-15) in USD $57.22
United States of America Electric Utilities Industry PB Ratio Median Figure of 29 Publicly-Listed Electric Utilities Companies 2.12x
United States of America Market PB Ratio Median Figure of 5,195 Publicly-Listed Companies 1.83x
NasdaqGS:XEL PB (Price to Book) Ratio Calculation
Calculation Outcome
PB Ratio

= NasdaqGS:XEL Share Price ÷ Book Value per Share (both in USD)

= 57.22 ÷ 23.96

2.39x

* Primary Listing of Xcel Energy.

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Xcel Energy is overvalued based on assets compared to the US Electric Utilities industry average.
X
Value checks
We assess Xcel Energy's value by looking at:
  1. Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
  2. Is the PE ratio less than the market average, and/ or less than the Electric Utilities industry average (and greater than 0)? (2 checks)
  3. Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
  4. Is the PB ratio less than the Electric Utilities industry average (and greater than 0)? (1 check)
  5. Xcel Energy has a total score of 0/6, see the detailed checks below.

    Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.

    Full details on the Value part of the Simply Wall St company analysis model.

XEL Future Performance

 How is Xcel Energy expected to perform in the next 1 to 3 years based on estimates from 12 analysts?

The future performance of a company is measured in the same way as past performance, by looking at estimated growth and how much profit it is expected to make.

Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Annual Growth Rate
7.3%
Expected annual growth in earnings.
Earnings growth vs Low Risk Savings
Is Xcel Energy expected to grow at an attractive rate?
  • Xcel Energy's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
  • Xcel Energy's earnings growth is positive but not above the United States of America market average.
  • Xcel Energy's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
Raw Data
NasdaqGS:XEL Future Growth Rates Data Sources
Data Point Source Value (per year)
NasdaqGS:XEL Future Earnings Growth Rate Line of Best Fit* through Consensus Estimate Earnings of 12 Analysts 7.3%
NasdaqGS:XEL Future Revenue Growth Rate Line of Best Fit* through Consensus Estimate Revenue of 12 Analysts 3.4%
United States of America Electric Utilities Industry Earnings Growth Rate Market Cap Weighted Average 8.3%
United States of America Electric Utilities Industry Revenue Growth Rate Market Cap Weighted Average 2.3%
United States of America Market Earnings Growth Rate Market Cap Weighted Average 14%
United States of America Market Revenue Growth Rate Market Cap Weighted Average 7.3%

*Line of best fit is calculated by linear regression .

Industry and Market average data is calculated daily.

Learn more about our growth rate calculations in Simply Wall St’s analysis model.

Analysts growth expectations
Raw Data
NasdaqGS:XEL Analysts Growth Expectations Data Sources
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
All numbers in USD Millions and using Trailing twelve months (TTM) annual period rather than quarterly.
NasdaqGS:XEL Future Estimates Data
Date (Data in USD Millions) Revenue Cash Flow Net Income * Avg. No. Analysts
2023-12-31 3,976
2022-12-31 3,767
2021-12-31 12,800 3,497 1,553 8
2020-12-31 12,584 3,364 1,460 12
2019-12-31 11,981 2,991 1,347 8
NasdaqGS:XEL Past Financials Data
Date (Data in USD Millions) Revenue Cash Flow Net Income *
2019-03-31 11,727 3,028 1,285
2018-12-31 11,537 3,122 1,261
2018-09-30 11,452 3,252 1,236
2018-06-30 11,422 3,271 1,237
2018-03-31 11,409 3,295 1,200
2017-12-31 11,404 3,126 1,148
2017-09-30 11,404 2,994 1,186
2017-06-30 11,426 2,919 1,152
2017-03-31 11,281 2,967 1,121
2016-12-31 11,107 3,052 1,123
2016-09-30 10,958 2,973 1,105
2016-06-30 10,819 2,954 1,074

*GAAP earnings excluding extraordinary items.

Super high growth metrics
High Growth Checks
  • Xcel Energy's earnings are expected to grow by 7.3% yearly, however this is not considered high growth (20% yearly).
  • Xcel Energy's revenue is expected to grow by 3.4% yearly, however this is not considered high growth (20% yearly).
Past and Future Earnings per Share
The accuracy of the analysts who estimate the future performance data can be gauged below. We look back 3 years and see if they were any good at predicting what actually occurred. We also show the highest and lowest estimates looking forward to see if there is a wide range.
Raw Data
NasdaqGS:XEL Past and Future Earnings per Share
Data Point Source Value
Past Financials Company Filings (1 month ago) See Below
Future Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below

All data from Xcel Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:XEL Future Estimates Data
Date (Data in USD Millions) EPS * EPS High Estimate EPS Low Estimate Avg. No. Analysts
2023-12-31
2022-12-31 3.14 3.14 3.14 1.00
2021-12-31 2.96 3.00 2.92 8.00
2020-12-31 2.80 2.91 2.77 10.00
2019-12-31 2.61 2.65 2.56 11.00
NasdaqGS:XEL Past Financials Data
Date (Data in USD Millions) EPS *
2019-03-31 2.51
2018-12-31 2.47
2018-09-30 2.43
2018-06-30 2.43
2018-03-31 2.36
2017-12-31 2.26
2017-09-30 2.33
2017-06-30 2.26
2017-03-31 2.20
2016-12-31 2.21
2016-09-30 2.17
2016-06-30 2.11

*GAAP earnings excluding extraordinary items.

Performance in 3 years
In the same way as past performance we look at the future estimated return (profit) compared to the available funds. We do this looking forward 3 years.
  • Xcel Energy is not expected to efficiently use shareholders’ funds in the future (Return on Equity less than 20%).
X
Future performance checks
We assess Xcel Energy's future performance by looking at:
  1. Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
  2. Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
  3. Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
  4. Is the annual earnings growth rate expected to be above 20%? (1 check)
  5. Is the annual revenue growth rate expected to be above 20%? (1 check)
  6. Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Some of the above checks will fail if the company is expected to be loss making in the relevant year.
Xcel Energy has a total score of 1/6, see the detailed checks below.

Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.

Full details on the Future part of the Simply Wall St company analysis model.

XEL Past Performance

  How has Xcel Energy performed over the past 5 years?

The past performance of a company can be measured by how much growth it has experienced and how much profit it makes relative to the funds and assets it has available.
Past earnings growth
Below we compare Xcel Energy's growth in the last year to its industry (Electric Utilities).
Past Earnings growth analysis
We also check if the company has grown in the past 5 years, and whether it has maintained that growth in the year.
  • Xcel Energy's year on year earnings growth rate has been positive over the past 5 years.
  • Xcel Energy's 1-year earnings growth exceeds its 5-year average (7.1% vs 6.5%)
  • Xcel Energy's earnings growth has not exceeded the US Electric Utilities industry average in the past year (7.1% vs 9.7%).
Earnings and Revenue History
Xcel Energy's revenue and profit over the past 5 years is shown below, any years where they have experienced a loss will show up in red.
Raw Data

All data from Xcel Energy Company Filings, last reported 1 month ago, and in Trailing twelve months (TTM) annual period rather than quarterly.

NasdaqGS:XEL Past Revenue, Cash Flow and Net Income Data
Date (Data in USD Millions) Revenue Net Income * G+A Expenses R&D Expenses
2019-03-31 11,727.00 1,285.00 324.00
2018-12-31 11,537.00 1,261.00 324.00
2018-09-30 11,452.00 1,236.00 212.00
2018-06-30 11,422.00 1,237.00 210.00
2018-03-31 11,409.00 1,200.00 328.00
2017-12-31 11,404.00 1,148.00 329.00
2017-09-30 11,403.73 1,186.10 234.00
2017-06-30 11,425.88 1,151.89 216.00
2017-03-31 11,280.73 1,120.69 222.00
2016-12-31 11,107.00 1,123.00 255.00
2016-09-30 10,958.09 1,104.93 223.60
2016-06-30 10,819.26 1,073.60 223.60
2016-03-31 10,834.54 1,073.73 223.60
2015-12-31 11,024.00 984.00 224.00
2015-09-30 11,307.29 971.80 228.20
2015-06-30 11,275.79 913.92 228.20
2015-03-31 11,445.75 912.15 228.20
2014-12-31 11,686.14 1,021.31 228.20
2014-09-30 11,488.33 975.02 197.70
2014-06-30 11,440.86 971.19 197.70
2014-03-31 11,334.68 972.89 197.70
2013-12-31 10,914.92 948.23 197.70
2013-09-30 10,735.24 938.42 174.40
2013-06-30 10,637.24 971.81 174.40
2013-03-31 10,332.99 958.03 174.40
2012-12-31 10,128.22 905.23 174.40
2012-09-30 10,145.50 905.93 160.50
2012-06-30 10,252.76 841.41 160.50

*GAAP earnings excluding extraordinary items.

Performance last year
We want to ensure a company is making the most of what it has available. This is done by comparing the return (profit) to a company's available funds, assets and capital.
  • Xcel Energy has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
  • Xcel Energy used its assets less efficiently than the US Electric Utilities industry average last year based on Return on Assets.
  • Xcel Energy's use of capital deteriorated last year versus 3 years ago (Return on Capital Employed).
X
Past performance checks
We assess Xcel Energy's performance over the past 5 years by checking for:
  1. Has earnings increased in past 5 years? (1 check)
  2. Has the earnings growth in the last year exceeded that of the Electric Utilities industry? (1 check)
  3. Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
  4. Is the Return on Equity (ROE) higher than 20%? (1 check)
  5. Is the Return on Assets (ROA) above industry average? (1 check)
  6. Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
The above checks will fail if the company has reported a loss in the most recent earnings report. Some checks require at least 3 or 5 years worth of data.
Xcel Energy has a total score of 2/6, see the detailed checks below.

Note: We use GAAP Net Income excluding extraordinary items in all our calculations.

Full details on the Past part of the Simply Wall St company analysis model.

XEL Health

 How is Xcel Energy's financial health and their level of debt?

A company's financial position is much like your own financial position, it includes everything you own (assets) and owe (liabilities).

The boxes below represent the relative size of what makes up Xcel Energy's finances.

The net worth of a company is the difference between its assets and liabilities.
Net Worth
  • Xcel Energy's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
  • Xcel Energy's long term commitments exceed its cash and other short term assets.
Balance sheet
This treemap shows a more detailed breakdown of Xcel Energy's finances. If any of them are yellow this indicates they may be out of proportion and red means they relate to one of the checks below.
Assets
Liabilities and shares
The 'shares' portion represents any funds contributed by the owners (shareholders) and any profits.
  • High level of physical assets or inventory.
  • Debt is not covered by short term assets, assets are 0.2x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t bad, however if the debt is too high, or the company can’t afford to pay the interest on its debts this may have impacts in the future.

The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.

If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
Raw Data

All data from Xcel Energy Company Filings, last reported 1 month ago.

NasdaqGS:XEL Past Debt and Equity Data
Date (Data in USD Millions) Total Equity Total Debt Cash & Short Term Investments
2019-03-31 12,329.00 19,164.00 139.00
2018-12-31 12,222.00 17,247.00 201.00
2018-09-30 12,165.00 16,501.00 240.00
2018-06-30 11,650.00 16,849.00 344.00
2018-03-31 11,561.00 16,004.00 127.00
2017-12-31 11,455.00 15,791.00 92.00
2017-09-30 11,439.38 15,392.38 174.82
2017-06-30 11,123.16 15,381.18 68.78
2017-03-31 11,070.11 15,056.91 81.42
2016-12-31 11,021.00 14,842.00 92.00
2016-09-30 10,987.94 14,478.15 359.03
2016-06-30 10,703.13 14,261.92 82.75
2016-03-31 10,671.63 13,987.91 109.45
2015-12-31 10,600.92 13,901.90 91.17
2015-09-30 10,544.83 13,212.23 412.71
2015-06-30 10,269.07 13,054.48 148.27
2015-03-31 10,214.87 12,725.87 144.79
2014-12-31 10,214.48 12,776.86 95.43
2014-09-30 10,154.66 12,456.23 155.99
2014-06-30 9,920.77 12,538.10 119.21
2014-03-31 9,747.42 12,252.45 147.77
2013-12-31 9,565.95 11,950.52 120.93
2013-09-30 9,547.29 11,496.81 118.60
2013-06-30 9,300.25 11,452.52 76.67
2013-03-31 9,155.11 11,073.94 132.62
2012-12-31 8,874.08 11,004.06 102.64
2012-09-30 8,850.16 11,269.41 766.58
2012-06-30 8,573.51 10,573.74 84.44
  • Xcel Energy's level of debt (155.4%) compared to net worth is high (greater than 40%).
  • The level of debt compared to net worth has increased over the past 5 years (125.7% vs 155.4% today).
  • Debt is not well covered by operating cash flow (15.8%, less than 20% of total debt).
  • Interest payments on debt are not well covered by earnings (EBIT is 2.6x annual interest expense, ideally 3x coverage).
X
Financial health checks
We assess Xcel Energy's financial health by checking for:
  1. Are short term assets greater than short term liabilities? (1 check)
  2. Are short term assets greater than long term liabilities? (1 check)
  3. Has the debt to equity ratio increased in the past 5 years? (1 check)
  4. Is the debt to equity ratio over 40%? (1 check)
  5. Is the debt covered by operating cash flow? (1 check)
  6. Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check)
  7. Xcel Energy has a total score of 0/6, see the detailed checks below.
For companies that are loss making and have been so on average in the past we replace the last 2 checks with:
  1. Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
  2. Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)


Full details on the Health part of the Simply Wall St company analysis model.

XEL Dividends

 What is Xcel Energy's current dividend yield, its reliability and sustainability?

Dividends are regular cash payments to you from the company, similar to a bank paying you interest on a savings account.
Annual Dividend Income
Dividend payments
2.83%
Current annual income from Xcel Energy dividends. Estimated to be 3.01% next year.
If you bought $2,000 of Xcel Energy shares you are expected to receive $57 in your first year as a dividend.
Dividend Amount
Here we look how much dividend is being paid, if any. Is it above what you can get in a savings account? It is up there with the best dividend paying companies?
  • Xcel Energy's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.46%).
  • Xcel Energy's dividend is below the markets top 25% of dividend payers in United States of America (3.71%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not wildly increasing/decreasing each year. This graph shows you the historical rate to count toward your assessment of the stock.

We also check to see if the dividend has increased in the past 10 years.
Raw Data
NasdaqGS:XEL Annualized Past and Future Dividends
Data Point Source Value
Past Annualized Dividend Yield S&P Global Market Data See Below
Past Dividends per Share Company Filings/ Annualized Dividend Payments See Below
Future Dividends per Share Estimates Average of up to 12 Analyst Estimates (S&P Global) See Below
United States of America Electric Utilities Industry Average Dividend Yield Market Cap Weighted Average of 27 Stocks 3.4%
United States of America Market Average Dividend Yield Market Cap Weighted Average of 1997 Stocks 2.5%
United States of America Minimum Threshold Dividend Yield 10th Percentile 0.8%
United States of America Bottom 25% Dividend Yield 25th Percentile 1.5%
United States of America Top 25% Dividend Yield 75th Percentile 3.7%

Industry and Market average data is calculated daily.

Note all dividend per share amounts are annualized and not quarterly or other period.

NasdaqGS:XEL Future Dividends Estimate Data
Date (Data in $) Dividend per Share (annual) Avg. No. Analysts
2023-12-31 2.03 1.00
2022-12-31 1.93 2.00
2021-12-31 1.79 8.00
2020-12-31 1.70 11.00
2019-12-31 1.62 10.00
NasdaqGS:XEL Past Annualized Dividends Data
Date (Data in $) Dividend per share (annual) Avg. Yield (%)
2019-02-20 1.620 2.904
2018-12-12 1.520 2.979
2018-08-22 1.520 3.089
2018-05-16 1.520 3.346
2018-04-27 1.520 3.325
2018-04-26 1.520 3.249
2017-12-13 1.440 3.184
2017-08-23 1.440 2.912
2017-05-17 1.440 3.049
2017-02-22 1.440 3.243
2017-02-02 1.360 3.250
2016-08-24 1.360 3.353
2016-05-18 1.360 3.176
2016-02-17 1.360 3.356
2015-12-09 1.280 3.470
2015-10-30 1.280 3.607
2015-10-29 1.280 3.597
2015-05-20 1.280 3.759
2015-02-19 1.280 3.715
2014-12-10 1.200 3.312
2014-08-20 1.200 3.707
2014-05-21 1.200 3.858
2014-02-20 1.200 3.928
2013-12-11 1.120 3.957
2013-08-21 1.120 3.989
2013-05-21 1.120 3.849
2013-02-20 1.080 3.623
2012-12-12 1.080 3.944
2012-08-22 1.080 3.935
2012-05-16 1.080 3.791
2012-02-22 1.040 3.907
2011-12-14 1.040 3.882
2011-08-24 1.040 4.132
2011-05-18 1.040 4.319
2011-02-23 1.010 4.204
2010-12-15 1.010 4.264
2010-08-25 1.010 4.325
2010-05-19 1.010 4.726
2010-02-17 0.980 4.591
2009-12-16 0.980 4.669
2009-08-26 0.980 4.952
2009-05-20 0.980 5.271

Learn more about our ratios and growth rates in Simply Wall St’s analysis model >

  • Dividends per share have been stable in the past 10 years.
  • Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of Xcel Energy's earnings are paid to the shareholders as a dividend.
  • Dividends paid are covered by earnings (1.6x coverage).
Future Payout to shareholders
  • Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
X
Income/ dividend checks
We assess Xcel Energy's dividend by checking for:
  1. Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
  2. Is current dividend yield above the bottom 25% of dividend payers? (1 check)
  3. Is current dividend yield above the top 25% of dividend payers? (1 check)
  4. Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
  5. If they have paid a dividend for 10 years has it increased in this time? (1 check)
  6. How sustainable is the dividend, can Xcel Energy afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks)
  7. Xcel Energy has a total score of 5/6, see the detailed checks below.


Full details on the Dividends part of the Simply Wall St company analysis model.

XEL Management

 What is the CEO of Xcel Energy's salary, the management and board of directors tenure and is there insider trading?

Management is one of the most important areas of a company. We look at unreasonable CEO compensation, how long the team and board of directors have been around for and insider trading.
CEO
Ben Fowke
COMPENSATION $12,147,768
AGE 60
TENURE AS CEO 7.8 years
CEO Bio

Mr. Benjamin G. S. Fowke, III, also known as Ben, has been a Vice Chairman of the Board of Edison Electric Institute since June 2018. He has been the Chief Executive Officer of Xcel Energy Inc. since August 24, 2011 and as President since August 2009. Mr. Fowke serves as the Chief Executive Officer of Northern States Power Company-Wisco and Southwestern Public Service Company. Mr. Fowke serves as the Chief Financial Officer, Vice President and Treasurer of Public Service Co. He serves as Chairman and Chief Executive Officer at Northern States Power Company-WI. He served as an Executive Vice President of Northern States Power Co. (WI). He served as the Chief Financial Officer of Northern States Power Company since October 2003 and Treasurer since November 2002 and served as its Vice President from November 2002. He served as the Chief Operating Officer at Xcel Energy Inc. since August 2009 till August 2011. Mr. Fowke serves as Chairman and Chief Executive Officer of Public Service Co. of Colorado. Mr. Fowk served as the Chief Financial Officer of Southwestern Public Service Co., a subsidiary of Xcel Energy Inc. since October 2003 and as its Treasurer since November 2002. He served as Executive Vice President of Southwestern Public Service Co. Mr. Fowke served as a Vice President of Xcel Energy Inc. from November 2002 to December 2008 and served as Chief Financial Officer since October 2003 to August 2009. He served as an Executive Vice President, Vice President and Chief Financial Officer of Northern States Power (MN). until August 2009. He served as Vice President of Southwestern Public Service Co. since November 2002. He served as Vice President of Retail Services and Energy Markets at New Century Energies Inc., from January 1999 to July 2000. He served as Vice President-Finance/ Accounting at e prime, Inc., a subsidiary of Xcel Energy from May 1997 to December 1998. He joined NCE from FP&L Group, where he held various finance positions. He served as a Manager of Financial Reporting with DWG Corp., Supervisor of Internal Audits with the Dart Group and an auditor with KPMG. Mr. Fowke serves as Chairman of the Board of Southwestern Public Service Co and Public Service Company of Colorado. He has been Director of Securian Financial Group, Inc since June 2018. He serves as the Chairman of Northern States Power company (MN). He has been the Chairman at Xcel Energy Inc. since August 24, 2011. He serves as Director of Energy Insurance Mutual Limited Company. He has been a Director of Xcel Energy Inc. since December 1, 2009. He serves as a Director of Milestone Growth Fund, Inc., American Gas Association, Public Service Company of Colorado and Southwestern Public Service Co. He has been a Director of Electric Power Research Institute, Inc since 2011. He has a long and distinguished career in the utility industry, Mr. Fowke provides the strategic focus and leadership. He has a strong background in finance, financial reporting, and shareholder outreach. He has extensive experience in environmental issues, operations, and the energy business. His tenure and involvement in the utility industry provides significant expertise on regulatory and policy issues. Mr. Fowke holds a Bachelor of Science Degree in finance/accounting from Towson University. He obtained his CPA from AICPA in 1982.

CEO Compensation
  • Ben's compensation has been consistent with company performance over the past year.
  • Ben's remuneration is about average for companies of similar size in United States of America.
Management Team Tenure

Average tenure and age of the Xcel Energy management team in years:

4.3
Average Tenure
58
Average Age
  • The tenure for the Xcel Energy management team is about average.
Management Team

Ben Fowke

TITLE
Chairman
COMPENSATION
$12M
AGE
60
TENURE
7.8 yrs

Bob Frenzel

TITLE
Executive VP & CFO
COMPENSATION
$3M
AGE
47
TENURE
3 yrs

Kent Larson

TITLE
Executive VP & Group President of Operations
COMPENSATION
$3M
AGE
58
TENURE
4.8 yrs

Scott Wilensky

TITLE
Executive VP & General Counsel
COMPENSATION
$2M
AGE
61
TENURE
7.7 yrs

Brett Carter

TITLE
Chief Customer & Innovation Officer and Executive VP
COMPENSATION
$4M
AGE
51
TENURE
1 yrs

Paul Johnson

TITLE
Vice President
AGE
58

Darla Figoli

TITLE
Senior VP of Human Resources & Employee Services and Chief Human Resources Officer
AGE
55
TENURE
1 yrs

David Eves

TITLE
Executive VP & Group President of Utilities
AGE
59
TENURE
1.3 yrs

Judy Poferl

TITLE
Senior VP
AGE
58
TENURE
4.3 yrs

Tim O'Connor

TITLE
Senior VP & Chief Nuclear Officer
AGE
58
TENURE
6.7 yrs
Board of Directors Tenure

Average tenure and age of the Xcel Energy board of directors in years:

8.8
Average Tenure
63
Average Age
  • The tenure for the Xcel Energy board of directors is about average.
Board of Directors

Chris Clark

TITLE
President of Xcel Energy-Minnesota
AGE
51
TENURE
4.3 yrs

Richard Davis

TITLE
Director
COMPENSATION
$258K
AGE
60
TENURE
13 yrs

Ben Fowke

TITLE
Chairman
COMPENSATION
$12M
AGE
60
TENURE
7.8 yrs

Kim Williams

TITLE
Director
COMPENSATION
$286K
AGE
62
TENURE
9.4 yrs

Joe Sheppard

TITLE
Director
COMPENSATION
$253K
AGE
69
TENURE
8.2 yrs

Richard O’Brien

TITLE
Director
COMPENSATION
$288K
AGE
64
TENURE
6.8 yrs

Chris Policinski

TITLE
Lead Independent Director
COMPENSATION
$294K
AGE
59
TENURE
3 yrs

A. Sampson

TITLE
Director
COMPENSATION
$248K
AGE
69
TENURE
34.3 yrs

Timothy Wolf

TITLE
Director
COMPENSATION
$238K
AGE
65
TENURE
12.3 yrs

David Westerlund

TITLE
Director
COMPENSATION
$270K
AGE
67
TENURE
12.3 yrs
Who owns this company?
Recent Insider Trading
  • Xcel Energy insiders have only sold shares in the past 3 months.
Recent Insider Transactions
Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
13. Mar 19 Sell Darla Figoli Individual 12. Mar 19 12. Mar 19 -9,000 $56.40 $-507,627
12. Mar 19 Sell Judy Poferl Individual 11. Mar 19 11. Mar 19 -8,953 $55.86 $-500,106
08. Mar 19 Sell Benjamin G. Fowke Individual 06. Mar 19 06. Mar 19 -75,000 $55.13 $-4,134,600
14. Feb 19 Sell Scott Wilensky Individual 13. Feb 19 13. Feb 19 -15,004 $53.07 $-796,262
11. Sep 18 Sell Judy Poferl Individual 07. Sep 18 07. Sep 18 -7,182 $48.71 $-349,542
07. Sep 18 Buy Lynn Casey Individual 05. Sep 18 05. Sep 18 1,000 $48.89 $48,890
30. May 18 Sell Timothy Wolf Individual 29. May 18 29. May 18 -3,163 $45.15 $-142,809
X
Management checks
We assess Xcel Energy's management by checking for:
  1. Is the CEO's compensation unreasonable compared to market cap? (1 check)
  2. Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
  3. Is the average tenure of the management team less than 2 years? (1 check)
  4. Is the average tenure of the board of directors team less than 3 years? (1 check)
  5. Xcel Energy has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.


Note: We use the top 6 management executives and board members in our calculations.

Note 2: Insider trading include any internal stakeholders and these transactions .

Full details on the Management part of the Simply Wall St company analysis model.

XEL News

Simply Wall St News

What Kind Of Shareholder Owns Most Xcel Energy Inc. (NASDAQ:XEL) Stock?

A look at the shareholders of Xcel Energy Inc. … Large companies usually have institutions as shareholders, and we usually see insiders owning shares in smaller companies. … We'd expect to see both institutions and retail investors owning a portion of the company.

Simply Wall St -

Here's Why We Think Xcel Energy (NASDAQ:XEL) Is Well Worth Watching

So if you're like me, you might be more interested in profitable, growing companies, like Xcel Energy (NASDAQ:XEL). … Xcel Energy's Earnings Per Share Are Growing. … Therefore, there are plenty of investors who like to buy shares in companies that are growing EPS.

Simply Wall St -

Here's What Xcel Energy Inc.'s (NASDAQ:XEL) P/E Is Telling Us

Based on the last twelve months, Xcel Energy's P/E ratio is 22.56. … How Do I Calculate Xcel Energy's Price To Earnings Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St -

Did You Miss Xcel Energy's (NASDAQ:XEL) 80% Share Price Gain?

(NASDAQ:XEL) shareholders have enjoyed a 80% share price rise over the last half decade, well in excess of the market return of around 46% (not including dividends). … One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement. … Over half a decade, Xcel Energy managed to grow its earnings per share at 5.2% a year.

Simply Wall St -

Why Xcel Energy Inc.’s (NASDAQ:XEL) Cash Is A Factor You Need To Consider

I will take you through Xcel Energy’s cash flow health and the risk-return concept based on the stock’s cash flow yield, using the most recent financial data. … Xcel Energy’s free cash flow (FCF) is the level of cash flow the business generates from its operational activities, after it reinvests in the company as capital expenditure. … I will be analysing Xcel Energy’s FCF by looking at its FCF yield and its operating cash flow growth.

Simply Wall St -

Xcel Energy Inc. (NASDAQ:XEL): Is It A Good Long Term Opportunity?

The latest earnings update Xcel Energy Inc. … (NASDAQ:XEL) released in December 2018a … indicated

Simply Wall St -

Xcel Energy Inc. (NASDAQ:XEL) Is An Attractive Dividend Stock, Here's Why

Over the past 10 years Xcel Energy Inc. … Let's dig deeper into whether Xcel Energy should have a place in your portfolio. … View our latest analysis for Xcel Energy

Simply Wall St -

Is Xcel Energy Inc. (NASDAQ:XEL) Investing Effectively In Its Business?

In particular, we'll consider its Return On Capital Employed (ROCE), as that can give us insight into how profitably the company is able to employ capital in its business. … What is Return On Capital Employed (ROCE)? … ROCE measures the 'return' (pre-tax profit) a company generates from capital employed in its business.

Simply Wall St -

How Does Xcel Energy Inc.'s (NASDAQ:XEL) Earnings Growth Stack Up Against Industry Performance?

Today I will take a look at Xcel Energy Inc.'s (NASDAQ:XEL) most recent earnings update (31 December 2018) and compare these latest figures against its performance over the past few years, as well as how the rest of the electric utilities industry performed. … Check out our latest analysis for Xcel Energy? … XEL's trailing twelve-month earnings (from 31 December 2018) of US$1.3b has.

Simply Wall St -

Is Xcel Energy Inc.'s (NASDAQ:XEL) CEO Paid At A Competitive Rate?

This analysis aims first to contrast CEO compensation with other large companies. … View our latest analysis for Xcel Energy … How Does Ben Fowke's Compensation Compare With Similar Sized Companies?

Simply Wall St -

XEL Company Info

Description

Xcel Energy Inc., through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil, wood/refuse, and wind energy sources. It also purchases, transports, distributes, and sells natural gas. In addition, the company develops and leases natural gas pipelines, and storage and compression facilities; and invests in rental housing projects, as well as procures equipment for construction of renewable generation facilities. It serves residential, commercial, and industrial customers in the portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas, and Wisconsin. The company was founded in 1909 and is based in Minneapolis, Minnesota.

Details
Name: Xcel Energy Inc.
XEL
Exchange: NasdaqGS
Founded: 1909
$29,449,599,989
514,673,191
Website: http://www.xcelenergy.com
Address: Xcel Energy Inc.
414 Nicollet Mall,
Minneapolis,
Minnesota, 55401,
United States
Listings
Exchange Symbol Ticker Symbol Security Exchange Country Currency Listed on
NasdaqGS XEL Common Stock Nasdaq Global Select US USD 02. Jan 1968
DB NRN Common Stock Deutsche Boerse AG DE EUR 02. Jan 1968
LSE 0M1R Common Stock London Stock Exchange GB USD 02. Jan 1968
Number of employees
Current staff
Staff numbers
11,068
Xcel Energy employees.
Industry
Electric Utilities
Utilities
Company Analysis and Financial Data Status
Area Date (UTC time)
Company Analysis updated: 2019/05/16 01:34
End of day share price update: 2019/05/15 00:00
Last estimates confirmation: 2019/05/01
Last earnings filing: 2019/04/26
Last earnings reported: 2019/03/31
Last annual earnings reported: 2018/12/31


All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.