Xcel Energy Inc

XEL: XNAS (USA)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
	$31.00	Pclhbpp	Dpdbsfd

Xcel Energy: Constructive Settlement in Minnesota Gas Rate Case a Positive Sign

Travis Miller

Jun 27, 2024

We reaffirm our $60 fair value estimate for Xcel Energy after the company announced it reached an uncontested settlement in its Minnesota gas rate review in line with our assumptions. Constructive regulatory ratemaking outcomes support our narrow moat rating.

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