What is the 13F Pro Quality Score for XEL?

13F Pro ranks XCEL ENERGY INC (XEL) on the 13F Pro Quality Score, a 0–100 composite of 32 fundamental signals including return on invested capital, free cash flow consistency, balance-sheet strength, earnings quality, growth durability, and valuation discipline. The score refreshes after each 10-K and 10-Q filing on SEC EDGAR. View XEL's current score at https://13fpro.ai/research/XEL (free sign-up required for the full ranking).

Which hedge funds own the most XEL stock?

Based on the most recent Form 13F-HR filings on SEC EDGAR, the largest reported institutional holders of XEL include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET. Holdings are reported quarterly within 45 days of quarter-end and updated on https://13fpro.ai/research/XEL as soon as new 13F filings post.

Where does 13F Pro source XEL data?

All XCEL ENERGY INC fundamentals and ownership data come directly from SEC EDGAR. XCEL ENERGY INC files with the SEC under CIK 72903. 13F Pro ingests XBRL financial facts from 10-K and 10-Q filings, Form 13F-HR institutional holdings, and Form 4 insider transactions, with no third-party rewrites or estimates.

What sector is XEL in?

XCEL ENERGY INC (XEL) is classified in the Utilities sector. 13F Pro publishes sector-level fund flow analysis and quality leaders at https://13fpro.ai/research/sector/utilities.

How often is XEL research updated on 13F Pro?

XEL's fundamentals refresh within hours of each new 10-K or 10-Q filing on SEC EDGAR. Institutional ownership updates after each quarterly 13F filing window. Insider transactions update after each Form 4 filing. The 13F Pro Quality Score recalculates after every fundamentals refresh.

XCEL ENERGY INC(XEL)Stock Analysis

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13F Pro Quality Score

Not in ranked universe

Pending next ranking run

This company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. Rankings refresh on Jan 1, Apr 1, Jul 1, Oct 1.

Financial data, filings, and institutional holdings below are still tracked in full — only the proprietary quality composite is unavailable for this name.

XEL Stock Analysis & AI Quality Score

AI stock analysis and institutional research for XCEL ENERGY INC (XEL), a Utilities sector company. XEL is not currently included in 13F Pro's AI-ranked quality universe — this company passes all size and coverage filters but hasn't been included in the latest quarterly ranking run. rankings refresh on jan 1, apr 1, jul 1, oct 1. Based on the latest XBRL financial filings (Q1 2026), XCEL ENERGY INC reports net income of $556.0M, free cash flow of $-1.3B. Top institutional holders of XEL by reported 13-F value include BlackRock,, VANGUARD CAPITAL MANAGEMENT, STATE STREET, based on the most recent SEC filings. XEL trades on the Nasdaq exchange and files with the SEC under CIK 72903. 13F Pro's AI research platform runs 10 specialized AI analysts — value, growth, momentum, macro, and activist specialists — that debate XEL daily and publish AI-generated analysis with cited SEC sources. The platform aggregates historical XBRL financial facts, 10-Q and 10-K filings, insider Form 4 transactions, and institutional 13-F holdings for XCEL ENERGY INC directly from SEC EDGAR.

Net Income

Q1 2026

$556.0M

Free Cash Flow

Q1 2026

$-1.3B

ROIC

Q1 2026

1.3%

D/E Ratio

Q1 2026

1.60

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro+

Revenue

-12.2% YoY

$13.44BFY 2024

FY20 $11.53BFY21 $13.43BFY22 $15.31BFY24 $13.44B

Net Income

+11.5% YoY

$1.94BFY 2024

FY20 $1.47BFY21 $1.60BFY22 $1.74BFY24 $1.94B

Operating Income

-1.7% YoY

$2.39BFY 2024

FY20 $2.12BFY21 $2.20BFY22 $2.43BFY24 $2.39B

EPS (Diluted)

+8.5% YoY

$3.44FY 2024

FY20 $2.79FY21 $2.96FY22 $3.17FY24 $3.44

Total Assets

+14.5% YoY

$70.03BFY 2024

FY20 $53.96BFY21 $57.85BFY22 $61.19BFY24 $70.03B

Total Debt

+16.5% YoY

$30.22BFY 2024

FY20 $21.07BFY21 $23.99BFY22 $25.93BFY24 $30.22B

Op. Cash Flow

+18.0% YoY

$4.64BFY 2024

FY20 $2.85BFY21 $2.19BFY22 $3.93BFY24 $4.64B

Metric	FY 2024	FY 2022	FY 2021	FY 2020	FY 2019	FY 2018
Revenue	$13.44B -12.2%	$15.31B +14.0%	$13.43B +16.5%	$11.53B -0.0%	$11.53B -0.1%	$11.54B
Net Income	$1.94B +11.5%	$1.74B +8.7%	$1.60B +8.4%	$1.47B +7.4%	$1.37B +8.8%	$1.26B
Operating Income	$2.39B -1.7%	$2.43B +10.2%	$2.20B +4.1%	$2.12B +0.6%	$2.10B +7.1%	$1.97B
EPS (Diluted)	$3.44 +8.5%	$3.17 +7.1%	$2.96 +6.1%	$2.79 +5.7%	$2.64 +6.9%	$2.47
Total Assets	$70.03B +14.5%	$61.19B +5.8%	$57.85B +7.2%	$53.96B +7.0%	$50.45B +9.7%	$45.99B
Total Debt	$30.22B +16.5%	$25.93B +8.1%	$23.99B +13.8%	$21.07B +8.6%	$19.41B +9.9%	$17.65B
Operating Cash Flow	$4.64B +18.0%	$3.93B +79.6%	$2.19B -23.1%	$2.85B -12.7%	$3.26B +4.5%	$3.12B

AI Insight: XEL Financial Trends

XEL's Q1 2026 operating income hit $754M — matching near-peak levels — but total debt surged 18% year-over-year to $38,034M, raising leverage concerns.

• Operating income recovered strongly: Q1 2026 at $754M versus $677M in Q1 2025, a ~11% year-over-year improvement.

• Net income rose from $483M in Q1 2025 to $556M in Q1 2026, continuing a steady upward trajectory.

• Total debt climbed from $32,321M in Q1 2025 to $38,034M in Q1 2026, an $5.7B increase in four quarters.

• Equity grew from $19,804M in Q1 2025 to $23,806M in Q1 2026, partially offsetting rising debt on the balance sheet.

⚠ Operating cash flow collapsed to $209M in Q4 2025 from $664M in Q4 2024 — a sharp sequential and year-over-year decline.

⚠ Debt-to-equity ratio reached ~1.60x in Q1 2026 versus ~1.63x in Q1 2025 — leverage remains elevated despite equity growth.

⚠ Q1 2026 operating cash flow rebounded to $1,697M — monitor whether this recovery is sustained into Q2 2026.

AI Insight: XEL Ratio Trends

Leverage is gradually declining but ROIC remains range-bound, signaling steady but uninspiring capital efficiency for XEL.

• D/E improved from 1.68 in Q2 2024 to 1.44 in Q4 2025, a meaningful deleveraging trend over six quarters.

• ROIC has oscillated narrowly between 2.9% and 7.4% since Q2 2024, with no sustained directional improvement.

• ROE in Q1 2026 at 9.3% is modestly above Q2 2024's 6.7%, but well below Q3 2024's seasonal peak of 14.1%.

⚠ D/E ticked back up to 1.60 in Q1 2026 after reaching a low of 1.44 in Q4 2025 — reversal worth monitoring.

⚠ ROIC dropped to 4.0% in Q4 2025 and recovered only partially to 4.9% in Q1 2026, remaining below recent highs.

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Available Research

13F Pro tracks comprehensive data for XCEL ENERGY INC including:

SEC EDGAR filings (10-K, 10-Q, 8-K)

XBRL financial facts (revenue, EPS, margins)

Insider transactions (Form 4)

Institutional 13F holdings

Quality rankings (32 signals)

AI analyst debates & daily meetings

Historical financial trends

Peer comparison & sector analysis

Top Institutional Holders of XEL

BlackRock, Inc.
$4.3B53,911,407 sh
VANGUARD CAPITAL MANAGEMENT LLC
$3.1B39,489,162 sh
STATE STREET CORP
$3.0B37,125,656 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.8B34,776,475 sh
BANK OF AMERICA CORP /DE/
$2.3B29,441,811 sh
Capital Research Global Investors
$2.2B27,258,524 sh
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
$1.4B18,078,640 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.3B16,994,532 sh
GQG Partners LLC
$889.2M11,193,162 sh
Aristotle Capital Management, LLC
$882.3M11,106,321 sh

Fund	Value	Shares
BlackRock, Inc.	$4.3B	53,911,407
VANGUARD CAPITAL MANAGEMENT LLC	$3.1B	39,489,162
STATE STREET CORP	$3.0B	37,125,656
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.8B	34,776,475
BANK OF AMERICA CORP /DE/	$2.3B	29,441,811
Capital Research Global Investors	$2.2B	27,258,524
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$1.4B	18,078,640
GEODE CAPITAL MANAGEMENT, LLC	$1.3B	16,994,532
GQG Partners LLC	$889.2M	11,193,162
Aristotle Capital Management, LLC	$882.3M	11,106,321

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Is XEL a good stock to buy?

13F Pro's AI-powered analysis of XCEL ENERGY INC (XEL) draws on SEC EDGAR-sourced fundamentals, institutional 13F holdings, and insider Form 4 transactions in the Utilities sector (listed on Nasdaq). The 32-signal AI Quality Score, current rank, and full bull/bear verdict for XEL are available on the XEL stock profile dashboard — with the same data, AI insights, ratios, and institutional activity refreshed after every 10-K, 10-Q, 13F, and Form 4 filing.

Which hedge funds own XEL?

Institutional investors are required to disclose their holdings quarterly via SEC Form 13F. 13F Pro aggregates these filings to show which hedge funds, mutual funds, and asset managers are buying or selling XEL. Combined with insider transaction data from Form 4 filings and AI-powered analysis from 10 specialized research agents, 13F Pro provides a comprehensive view of XCEL ENERGY INC's investment landscape.