Xcel Energy Inc. Stock Price: A Detailed Analysis

Xcel Energy Inc. (NASDAQ: XEL) is an American electric and natural gas utility company headquartered in Minneapolis, Minnesota. The company serves 3.6 million electricity customers and 2.2 million natural gas customers in eight states: Colorado, Iowa, Kansas, Michigan, Minnesota, New Mexico, North Dakota, and Texas.

Xcel Energy Inc. Stock Price Performance

Xcel Energy's stock price has performed well in recent years. In 2021, the stock rose by over 20%, and it has continued to climb in 2022. As of March 8, 2022, XEL stock is trading at $77.09 per share.

There are a number of factors that have contributed to Xcel Energy's strong stock price performance. These include:

• Strong financial performance: Xcel Energy has a strong financial track record. The company has consistently reported solid earnings and revenue growth. In 2021, Xcel Energy reported net income of $1.4 billion, up 10% from the previous year.
• Positive industry outlook: The electric and natural gas utility industry is expected to continue to grow in the coming years. This growth is being driven by increasing demand for electricity and natural gas, as well as the need for new infrastructure to support the transition to renewable energy sources.
• Favorable regulatory environment: Xcel Energy operates in a favorable regulatory environment. The company has received approval from regulators to increase its rates in recent years, which has helped to boost its earnings.

Xcel Energy Inc. Stock Price Forecast

Analysts are generally positive on Xcel Energy's stock price outlook. Zacks Investment Research has a "buy" rating on the stock with a price target of $85.00 per share. Morningstar has a "hold" rating on the stock with a fair value estimate of $77.00 per share.

Is Xcel Energy Inc. Stock a Good Investment?

Xcel Energy is a well-established company with a strong financial track record and a positive industry outlook. The company's stock price has performed well in recent years and is expected to continue to climb in the coming years. However, it is important to note that all investments involve risk. Investors should carefully consider their own investment objectives and risk tolerance before investing in any stock.

Additional Information on Xcel Energy Inc.

• Website: www.xcelenergy.com
• Phone number: 1-800-895-4999
• Investor relations contact: 1-800-895-4999

Frequently Asked Questions

What is Xcel Energy's stock symbol?

XEL

What is Xcel Energy's headquarters address?

414 Nicollet Mall, Minneapolis, MN 55401

How many customers does Xcel Energy serve?

3.6 million electricity customers and 2.2 million natural gas customers

What states does Xcel Energy serve?

Colorado, Iowa, Kansas, Michigan, Minnesota, New Mexico, North Dakota, and Texas