Xcel Energy Inc

XEL: XNAS (USA)
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Morningstar Rating for Stocks Fair Value Economic Moat Capital Allocation
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Xcel Energy Earnings: Electricity Demand Growth Set to Power Investment Plan

We are reaffirming our $60 fair value estimate for Xcel Energy after the company reported $0.54 in operating earnings per share during the second quarter, up from $0.52 in the second quarter of 2023. Year-to-date results are in line with our full-year outlook. We also are reaffirming our narrow moat rating.

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