Minneapolis, Minnesota-based Xcel Energy Inc. (XEL) engages in generating, purchasing, transmitting, distributing, and selling electricity. With a market cap of $32.2 billion, Xcel operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments.
The utilities major has substantially underperformed the broader market over the past year. Over the past 52 weeks, XEL dipped 2.9%, trailing the S&P 500 Index’s ($SPX) 19.6% gains. In 2024 alone, XEL declined 6.4% compared to SPX’s 12% rally on a YTD basis.
