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/company/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/company/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.

What drives XEL's revenue?

Per XCEL ENERGY INC's latest 10-Q filed with the SEC on 2026-07-30, the biggest revenue drivers are: Electric ($2,740M, -4.8% YoY); Natural Gas ($365M, -7.8% YoY); Other ($14M). Figures are extracted from the filing text and machine-verified against the document. Full breakdown at https://13fpro.ai/company/XEL.

What are XEL's largest expenses?

XCEL ENERGY INC's latest 10-Q reports these as the largest expense items: Operating and maintenance expenses ($691M, +2.4% YoY); Depreciation and amortization ($662M, -8.3% YoY); Interest charges and financing costs ($398M, +23.6% YoY). Sourced directly from SEC EDGAR filing text for Q2 2026 (quarter ended June 30, 2026).

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

56.4/100

Rank #1,169 of 2,961 stocksTOP 50%

View Utilities peers →

Rankings refresh quarterly once 80% of peers have filed (~45 days after quarter-end). Next update: ~Nov 14, 2026.

Revenue Growth

41.0/100

Profitability

71.4/100

Balance Sheet

57.0/100

Earnings Quality

53.7/100

Free Cash Flow

9.1/100

Institutional Flow

87.4/100

Revenue Scale

89.8/100

Dilution Risk

81.8/100

Email me the moment this company reports earnings

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Why XEL Scores 56/100

exact factor attribution · 2026-09-11

XEL's composite is driven by scale and profitability, held back by free cash flow and revenue growth. Bars show each factor's exact push vs. a median company, using the same weights the ranking engine applies.

Scale

+6.0 pts

90th pct

Profitability

+3.2 pts

71th pct

Institutional flow

+1.9 pts

87th pct

Shareholder dilution

+1.6 pts

82th pct

Capital efficiency

+0.7 pts

57th pct

Earnings growth

+0.6 pts

63th pct

Earnings quality

+0.4 pts

54th pct

Revenue growth

-1.8 pts

41th pct

Free cash flow

-6.1 pts

9th pct

Factor percentiles are cross-sectional ranks across the ~2,800-stock scored universe, computed from SEC EDGAR filings. Not investment advice.

XEL Stock Analysis & AI Quality Score

Data updated 2026-09-11

AI stock analysis and institutional research for XCEL ENERGY INC (XEL), a Utilities sector company. 13F Pro's AI-powered ranking engine scores XEL at 56.4/100 on a 32-signal composite quality model, placing it at rank #1,169 of 2,961 stocks — the top half of the AI-ranked universe. XEL scores in the top quartile across revenue scale (89.8), institutional flow (87.4). Areas of concern include free cash flow (9.1), which score below median versus the broader universe. Based on the latest XBRL financial filings (Q2 2026), XCEL ENERGY INC reports net income of $586.0M, free cash flow of $-1.8B. 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.

What's Driving XEL's Business? Latest 10-Q Breakdown

AI-extracted from XCEL ENERGY INC's 10-Q filed 2026-07-30 — Q2 2026 (quarter ended June 30, 2026). Every figure is machine-verified against the filing text on SEC EDGAR.

Q2 net income surged 32% to $586M on lower fuel costs and higher infrastructure cost recovery, driving diluted EPS to $0.93 vs. $0.75 YoY.

Biggest Revenue Drivers

Electric$2,740M-4.8% YoY

Lower electric fuel and purchased power recovery and PTCs flowed to customers, partially offset by non-fuel rider increases.

Natural Gas$365M-7.8% YoY

Reduced sales volumes and lower recovery of natural gas costs, partially offset by regulatory rate outcomes.

Biggest Revenue Drivers

Total revenue: $3,119M-5.1% YoY

Electric$2,740M-4.8% YoY

Lower electric fuel and purchased power recovery and PTCs flowed to customers, partially offset by non-fuel rider increases.

Natural Gas$365M-7.8% YoY

Reduced sales volumes and lower recovery of natural gas costs, partially offset by regulatory rate outcomes.

Other$14M

Largest Expense Items

Operating and maintenance expenses$691M+2.4% YoY

Increased generation costs.

Depreciation and amortization$662M-8.3% YoY

Nuclear life extensions recognized in the quarter, partially offset by system expansion.

Interest charges and financing costs$398M+23.6% YoY

Higher debt levels supporting capital investment.

Margins: Operating margin improved significantly, driven by substantially lower electric fuel and purchased power costs that exceeded revenue declines, plus reduced depreciation from nuclear life extensions. This was partially offset by increased financing costs from higher debt levels.

Watch Items from the Filing

Smokehouse Creek Fire Complex: $460M estimated total loss before insurance of $525M; $81M remaining insurance recovery as of June 30, 2026. Remaining settlements and exemplary damages could exceed coverage, risking material adverse effect.
Capital expenditures surged 35% YoY to $5,970M in H1 2026 for renewable and transmission projects, funded by $4.7B long-term debt issuance plus equity forward agreements totaling 42.5M shares.
NSP-Minnesota secured $211M biennial rate increase (2.9% average annual) and ROE of 9.60%; SPS, PSCo rate cases pending late 2026 decisions; regulatory outcomes critical to near-term earnings.
Interest expense projected to increase $240–$250M (net of AFUDC) in 2026 guidance; 364-day $1.5B term loan drawn fully, maturing January 2027; rising debt levels pressure leverage metrics.

AI-extracted and verified against SEC EDGAR filing text. Not investment advice.

Read the full 10-Q on SEC EDGAR →Share on X

Net Income

Q2 2026

$586.0M

Free Cash Flow

Q2 2026

$-1.8B

ROIC

Q2 2026

4.4%

D/E Ratio

Q2 2026

1.68

Period

Revenue & Net Income

Earnings Per Share

Key Financials Over Time

Export Financial Table · Pro

Revenue

+9.1% YoY

$14.67BFY 2025

FY22 $15.31BFY23 $14.21BFY24 $13.44BFY25 $14.67B

Net Income

+4.2% YoY

$2.02BFY 2025

FY22 $1.74BFY23 $1.77BFY24 $1.94BFY25 $2.02B

Operating Income

+8.3% YoY

$2.58BFY 2025

FY22 $2.43BFY23 $2.48BFY24 $2.39BFY25 $2.58B

EPS (Diluted)

-0.6% YoY

$3.42FY 2025

FY22 $3.17FY23 $3.21FY24 $3.44FY25 $3.42

Total Assets

+16.2% YoY

$81.37BFY 2025

FY22 $61.19BFY23 $64.08BFY24 $70.03BFY25 $81.37B

Total Debt

+18.1% YoY

$34.38BFY 2025

FY22 $25.93BFY23 $26.80BFY24 $29.11BFY25 $34.38B

Op. Cash Flow

-12.0% YoY

$4.08BFY 2025

FY22 $3.93BFY23 $5.33BFY24 $4.64BFY25 $4.08B

Free Cash Flow

-150.6% YoY

$-6.83BFY 2025

FY22 $-706.0MFY23 $-527.0MFY24 $-2.72BFY25 $-6.83B

Metric	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Revenue	$14.67B +9.1%	$13.44B -5.4%	$14.21B -7.2%	$15.31B +14.0%	$13.43B +16.5%	$11.53B
Net Income	$2.02B +4.2%	$1.94B +9.3%	$1.77B +2.0%	$1.74B +8.7%	$1.60B +8.4%	$1.47B
Operating Income	$2.58B +8.3%	$2.39B -3.8%	$2.48B +2.2%	$2.43B +10.2%	$2.20B +4.1%	$2.12B
EPS (Diluted)	$3.42 -0.6%	$3.44 +7.2%	$3.21 +1.3%	$3.17 +7.1%	$2.96 +6.1%	$2.79
Total Assets	$81.37B +16.2%	$70.03B +9.3%	$64.08B +4.7%	$61.19B +5.8%	$57.85B +7.2%	$53.96B
Total Debt	$34.38B +18.1%	$29.11B +8.6%	$26.80B +3.4%	$25.93B +8.1%	$23.99B +13.8%	$21.07B
Operating Cash Flow	$4.08B -12.0%	$4.64B -12.9%	$5.33B +35.5%	$3.93B +79.6%	$2.19B -23.1%	$2.85B
Free Cash Flow	$-6.83B -150.6%	$-2.72B -416.7%	$-527.0M +25.4%	$-706.0M +65.6%	$-2.06B +18.5%	$-2.52B

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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.
$4.9B60,898,333 sh
VANGUARD CAPITAL MANAGEMENT LLC
$3.3B40,769,716 sh
STATE STREET CORP
$3.1B38,896,012 sh
VANGUARD PORTFOLIO MANAGEMENT LLC
$2.9B35,610,992 sh
BANK OF AMERICA CORP /DE/
$2.4B29,933,748 sh
Capital Research Global Investors
$2.4B29,301,965 sh
JPMORGAN CHASE & CO
$1.8B21,741,661 sh
Invesco Ltd.
$1.7B21,381,193 sh
GEODE CAPITAL MANAGEMENT, LLC
$1.4B18,042,089 sh
MASSACHUSETTS FINANCIAL SERVICES CO /MA/
$1.3B16,269,553 sh

Fund	Value	Shares
BlackRock, Inc.	$4.9B	60,898,333
VANGUARD CAPITAL MANAGEMENT LLC	$3.3B	40,769,716
STATE STREET CORP	$3.1B	38,896,012
VANGUARD PORTFOLIO MANAGEMENT LLC	$2.9B	35,610,992
BANK OF AMERICA CORP /DE/	$2.4B	29,933,748
Capital Research Global Investors	$2.4B	29,301,965
JPMORGAN CHASE & CO	$1.8B	21,741,661
Invesco Ltd.	$1.7B	21,381,193
GEODE CAPITAL MANAGEMENT, LLC	$1.4B	18,042,089
MASSACHUSETTS FINANCIAL SERVICES CO /MA/	$1.3B	16,269,553

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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. XEL is classified as a large company.

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.