Morningstar Rating

Stock Research and Analysis

by Travis Miller

Bulls Say

Xcel has raised its dividend every year since 2003 and in 2013 initiated a 4% to 6% target growth rate. It now pays $1.20 per share annualized.
Renewable portfolio standards in Minnesota and Colorado should smooth regulatory approval for wind and transmission projects.
Environmental awareness in Minnesota and Colorado should drive investment opportunities in environmentally friendly energy. Read more 

Bears Say

Low interest rates are giving regulators justification to cut Xcel's allowed returns, moves that would slow or even stall earnings growth.
Emissions regulations could make Xcel's low-cost coal plants, which produce half of the company's total power, more expensive for customers.
Energy-efficiency improvements in building construction and appliances could lead to flat or negative demand growth. Read more 

Management

A critical element to producing sufficient shareholder returns for utilities investors is achieving constructive regulatory outcomes. Xcel's management has shown its acumen at regulatory relations across one of the most diverse service territories of   Read more 

Profile

Xcel Energy manages four utilities serving 3.4 million electric customers and 1.9 million natural gas customers in eight states. Its utilities are Northern States Power,  Read more 

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