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Compiled from SEC Form N-PX filings and XCEL ENERGY INC.’s Form 8-K (Item 5.07 on EDGAR). Page generated 02 October 2026.
Explore XCEL ENERGY INC. in the interactive database Compare manager voting policies
These tallies are XCEL ENERGY INC.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K (Item 5.07, “Submission of Matters to a Vote of Security Holders”). They cover every share voted at the meeting, not just the funds that file Form N-PX.
| Ballot item | For | Against | Abstain | Withheld | Broker non-votes | Outcome |
|---|---|---|---|---|---|---|
| Elect Director: Megan Burkhart | 448,027,430 | 11,350,126 | -- | 909,822 | 46,841,342 | Majority: yes |
| Elect Director: Lynn Casey | 457,586,020 | 1,829,692 | -- | 871,666 | 46,841,342 | Majority: yes |
| Elect Director: Robert Frenzel | 446,261,387 | 13,174,642 | -- | 851,349 | 46,841,342 | Majority: yes |
| Elect Director: Netha Johnson | 457,662,645 | 1,671,824 | -- | 952,909 | 46,841,342 | Majority: yes |
| Elect Director: Patricia Kampling | 448,194,797 | 11,188,742 | -- | 903,839 | 46,841,342 | Majority: yes |
| Elect Director: George Kehl | 455,996,661 | 3,433,208 | -- | 857,509 | 46,841,342 | Majority: yes |
| Elect Director: Richard O'Brien | 425,689,215 | 33,209,750 | -- | 1,388,413 | 46,841,342 | Majority: yes |
| Elect Director: Charles Pardee | 443,895,480 | 15,542,161 | -- | 849,737 | 46,841,342 | Majority: yes |
| Elect Director: James Prokopanko | 456,832,347 | 2,588,018 | -- | 867,013 | 46,841,342 | Majority: yes |
| Elect Director: Devin Stockfish | 457,579,724 | 1,822,337 | -- | 885,317 | 46,841,342 | Majority: yes |
| Elect Director: Timothy Welsh | 457,300,691 | 2,130,273 | -- | 856,414 | 46,841,342 | Majority: yes |
| Proposal 2: Advisory Vote on Executive Compensation (Say on Pay Vote) | 421,060,436 | 37,180,904 | 2,046,038 | -- | 46,841,342 | Majority: yes |
| Proposal 3: Ratification of Independent Registered Public Accounting Firm | 489,120,696 | 17,256,865 | 751,159 | -- | -- | Majority: yes |
Source: XCEL ENERGY INC., Form 8-K — read the filing on EDGAR.
Each item below shows how the 947 asset managers that disclosed a XCEL ENERGY INC. vote in their SEC Form N-PX filings actually voted. Share totals are the shares those managers' funds voted, summed across every fund they report. These are reported items, not a count of the ballot: fund filings describe one ballot item in different words. Two descriptions are shown as one item only on evidence — the same text (or one cut short of the other), the same director nominee, or a match to the same row of XCEL ENERGY INC.’s own Form 8-K tally — never because they merely read alike. A description that could not be joined that way is listed on its own, so one ballot item can appear more than once.
Meeting held 2025-05-21.
Combines 23 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Proposal 2: Advisory Vote on Executive Compensation (Say on Pay Vote)”): 421,060,436 for, 37,180,904 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 73% for, 6% against (79% of the company cast a for/against vote).
The 937 asset managers below cast 92% of the shares they voted on this item FOR. Fund share totals are not shown for this item: fund-reported shares overlap across filings (an adviser and the funds it manages can each report the same shares), and here their sum exceeds the total votes cast at the meeting.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 79,047,800 | 33 | 3 | 0 | For |
| BlackRock | 40,937,768 | 1,698 | 0 | 0 | For |
| State Street | 38,329,627 | 202,226 | 0 | 0 | For |
| T. Rowe Price | 32,385,320 | 0 | 0 | 0 | For |
| Fidelity | 24,606,878 | 0 | 0 | 0 | For |
| JPMorgan | 0 | 24,545,932 | 0 | 0 | Against |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 18,519,136 | 0 | 0 | 0 | For |
| GEODE CAPITAL MANAGEMENT, LLC | 15,552,168 | 0 | 0 | 0 | For |
| Aristotle Capital Management, LLC | 12,342,173 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| Charles Schwab | 7,296,489 | 0 | 0 | 0 | For |
| Legal & General Investment Management Ltd | 7,138,648 | 7,044 | 0 | 0 | For |
| Victory Capital | 6,881,631 | 0 | 0 | 0 | For |
| American Century | 6,603,255 | 0 | 0 | 0 | For |
| FRANKLIN ADVISERS INC | 5,375,919 | 0 | 0 | 0 | For |
| Invesco | 5,316,474 | 0 | 0 | 0 | For |
| PICTET ASSET MANAGEMENT SA | 5,154,650 | 0 | 0 | 0 | For |
| BARROW HANLEY MEWHINNEY & STRAUSS LLC | 5,129,184 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| Northern Trust | 3,920,002 | 3,200 | 0 | 0 | For |
| Capital Research Global Investors | 3,398,197 | 0 | 0 | 0 | For |
| Capital Group | 3,322,341 | 0 | 0 | 0 | For |
| First Sentier Investors (Australia) IM Ltd | 3,117,856 | 0 | 0 | 0 | For |
| First Trust | 2,809,968 | 0 | 0 | 0 | For |
| NORDEA INVESTMENT MANAGEMENT AB | 84,520 | 2,700,065 | 0 | 0 | Against |
Showing the 25 largest of 937 asset managers. See all 937 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: Robert Frenzel”): 446,261,387 for, 13,174,642 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 77% for, 2% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.7% of the shares they voted on this item FOR (220,523,988 for, 569,126 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,501 | 21 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,481 | 149 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,962 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,748,589 | 0 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: Charles Pardee”): 443,895,480 for, 15,542,161 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 77% for, 3% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.6% of the shares they voted on this item FOR (220,269,859 for, 823,252 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,495 | 26 | 1 | 0 | For |
| BlackRock | 23,053,779 | 11,733 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,283,433 | 138,197 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,962 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,748,589 | 0 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: Devin Stockfish”): 457,579,724 for, 1,822,337 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 79% for, 0.4% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.9% of the shares they voted on this item FOR (221,062,351 for, 18,620 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,519 | 3 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,630 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,962 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,748,589 | 0 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
99.2% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: George Kehl”): 455,996,661 for, 3,433,208 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 79% for, 0.6% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.9% of the shares they voted on this item FOR (221,043,872 for, 49,240 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,192,631 | 15,891 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,630 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,962 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,748,589 | 0 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: James Prokopanko”): 456,832,347 for, 2,588,018 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 79% for, 0.5% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.9% of the shares they voted on this item FOR (221,028,688 for, 64,423 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,518 | 4 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,630 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,962 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,748,589 | 0 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: Lynn Casey”): 457,586,020 for, 1,829,692 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 79% for, 0.4% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.9% of the shares they voted on this item FOR (221,063,679 for, 29,433 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,519 | 3 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,630 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,962 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,748,589 | 0 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: Megan Burkhart”): 448,027,430 for, 11,350,126 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 78% for, 2% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.7% of the shares they voted on this item FOR (220,446,858 for, 646,252 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,503 | 19 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,630 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,934 | 28 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,399,303 | 349,286 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: Netha Johnson”): 457,662,645 for, 1,671,824 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 79% for, 0.3% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.9% of the shares they voted on this item FOR (221,075,821 for, 17,290 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,519 | 3 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,630 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,962 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,748,589 | 0 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: Patricia Kampling”): 448,194,797 for, 11,188,742 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 78% for, 2% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.7% of the shares they voted on this item FOR (220,446,862 for, 646,248 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,503 | 18 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,630 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,934 | 28 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,399,303 | 349,286 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 5 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: Richard O'Brien”): 425,689,215 for, 33,209,750 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 74% for, 6% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 97% of the shares they voted on this item FOR (213,724,822 for, 7,368,128 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,192,581 | 15,940 | 2 | 0 | For |
| BlackRock | 23,061,725 | 3,787 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,318 | 163 | 29 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 0 | 3,320,427 | 0 | 0 | Against |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,934 | 28 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 42,621 | 1,705,968 | 0 | 0 | Against |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,481,186 | 184,888 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 961,848 | 195,450 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 4 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Elect Director: Timothy Welsh”): 457,300,691 for, 2,130,273 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 79% for, 0.4% against (80% of the company cast a for/against vote).
The 164 asset managers below cast 99.9% of the shares they voted on this item FOR (221,075,811 for, 17,301 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,518 | 3 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,630 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,962 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,748,589 | 0 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Meeting held 2025-05-21.
Combines 2 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Proposal 3: Ratification of Independent Registered Public Accounting Firm”): 489,120,696 for, 17,256,865 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 85% for, 3% against (88% of the company cast a for/against vote).
The 158 asset managers below cast 99.9% of the shares they voted on this item FOR (220,442,870 for, 101,815 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,192,612 | 15,910 | 1 | 0 | For |
| BlackRock | 23,065,512 | 0 | 0 | 0 | For |
| Fidelity | 19,329,102 | 0 | 0 | 0 | For |
| State Street | 14,421,318 | 312 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 0 | 0 | 0 | For |
| JPMorgan | 8,161,321 | 0 | 0 | 0 | For |
| Franklin Custodian Funds | 4,900,000 | 0 | 0 | 0 | For |
| American Century | 3,644,552 | 0 | 0 | 0 | For |
| Charles Schwab | 3,617,645 | 0 | 0 | 0 | For |
| Capital Group | 3,320,427 | 0 | 0 | 0 | For |
| Victory Capital | 3,082,206 | 0 | 0 | 0 | For |
| First Trust | 2,789,059 | 0 | 0 | 0 | For |
| Jackson National | 2,255,523 | 0 | 0 | 0 | For |
| Prudential/PGIM | 1,876,962 | 0 | 0 | 0 | For |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,748,589 | 0 | 0 | 0 | For |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,666,074 | 0 | 0 | 0 | For |
| Invesco | 1,591,219 | 0 | 0 | 0 | For |
| Dimensional | 1,321,658 | 0 | 0 | 0 | For |
| Columbia Threadneedle | 1,276,916 | 0 | 0 | 0 | For |
| Lincoln Financial | 1,157,298 | 0 | 0 | 0 | For |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 158 asset managers. See all 158 in the interactive database.
Meeting held 2025-05-21.
97% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Proposal 3: Ratification of Independent Registered Public Accounting Firm”): 489,120,696 for, 17,256,865 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 85% for, 3% against (88% of the company cast a for/against vote).
The 6 asset managers below cast 9% of the shares they voted on this item FOR (26,546 for, 267,424 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Cardano Risk Management B.V. | 0 | 267,424 | 0 | 0 | Against |
| AMERICAN BEACON FUNDS | 25,241 | 0 | 0 | 0 | For |
| VOISARD ASSET MANAGEMENT GROUP, INC. | 812 | 0 | 0 | 0 | For |
| Virtus | 310 | 0 | 0 | 0 | For |
| Williamson Legacy Group, LLC | 113 | 0 | 0 | 0 | For |
| Simplify Exchange Traded Funds | 70 | 0 | 0 | 0 | For |
Meeting held 2025-05-21.
100% fund support · no official result
The 5 asset managers below cast 100% of the shares they voted on this item FOR (255,460 for, 0 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Empower | 223,574 | 0 | 0 | 0 | For |
| AGF Investments Trust | 22,458 | 0 | 0 | 0 | For |
| HC CAPITAL TRUST | 9,169 | 0 | 0 | 0 | For |
| RWC Asset Management LLP | 259 | 0 | 0 | 0 | For |
| OARSMAN CAPITAL, INC. | 0 | 0 | 0 | 0 | -- |
Meeting held 2024-05-22 (outside the 2024-2025 season's 1 July to 30 June window; reported in this season's filings).
78% Majority: yes · of votes cast
XCEL ENERGY INC.’s own tally for this item (“Proposal 2: Advisory Vote on Executive Compensation (Say on Pay Vote)”): 327,887,688 for, 89,832,381 against, per its Form 8-K (Item 5.07). FOR was more than half of the votes cast. Whether the item passed is for the filing to say; its statement has not been read for this item. Of all 576,547,051 outstanding shares: 57% for, 16% against (72% of the company cast a for/against vote).
The 4 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 601,197 against).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| VAUGHAN DAVID INVESTMENTS LLC/IL | 0 | 589,936 | 0 | 0 | Against |
| COLDSTREAM CAPITAL MANAGEMENT INC | 0 | 10,801 | 0 | 0 | Against |
| DIVIDEND ASSETS CAPITAL, LLC | 0 | 460 | 0 | 0 | Against |
| Echo45 Advisors LLC | 0 | 0 | 0 | 0 | -- |
Meeting held 2025-05-21.
All nominees (reported as one line). These filers reported the election of directors as a single line covering every nominee. It is not attributed to any one director, and no share total is shown for it.
100% fund support · no official result
The 3 asset managers below cast 100% of the shares they voted on this item FOR.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| VOISARD ASSET MANAGEMENT GROUP, INC. | 812 | 0 | 0 | 0 | For |
| Williamson Legacy Group, LLC | 113 | 0 | 0 | 0 | For |
| Simplify Exchange Traded Funds | 70 | 0 | 0 | 0 | For |
Ranked by the number of XCEL ENERGY INC. shares each manager voted on the most widely held ballot item of the 2024-2025 meeting, shown as a share of the 576,547,051 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 13.71% |
| 2 | BlackRock | 7.10% |
| 3 | State Street | 6.68% |
| 4 | T. Rowe Price | 5.62% |
| 5 | Fidelity | 4.27% |
| 6 | JPMorgan | 4.26% |
| 7 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 3.21% |
| 8 | GEODE CAPITAL MANAGEMENT, LLC | 2.70% |
| 9 | Aristotle Capital Management, LLC | 2.14% |
| 10 | MFS | 1.95% |
Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).
| Holder | % outstanding | Disclosure |
|---|---|---|
| The Vanguard Group | 12.49% | DEF14A |
| BlackRock, Inc. | 8.67% | DEF14A |
| State Street Corporation | 6.44% | DEF14A |
| Vanguard Portfolio Management | 6.04% | 13G |
| T. Rowe Price | 4.48% | 13F |
| JPMorgan Chase | 3.61% | 13F |
| Geode Capital | 2.73% | 13F |
| Morgan Stanley | 1.09% | 13F |
| Goldman Sachs | 1.07% | 13F |
| FMR (Fidelity) | 1.07% | 13F |
Percentages above are of 576,547,051 shares outstanding, as reported by XCEL ENERGY INC. on its Form 10-Q dated 2025-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered investment companies and institutional managers disclose how they voted every proxy, and Form 8-K Item 5.07, in which the company reports its own meeting results. Shares outstanding are taken from XCEL ENERGY INC.’s 10-Q dated 2025-03-31. This page is a static snapshot rebuilt weekly on 02 October 2026; a live search always shows the current data.
At XCEL ENERGY INC.'s shareholder meeting held 2025-05-21, in the 2024-2025 proxy season, 947 asset managers reported how they voted in their SEC Form N-PX filings, covering 11,579 separate fund positions. Their filings are grouped here into 17 reported items; because filers word the same ballot item differently, that can be more than the number of items on the ballot. On the most widely held item on that ballot — Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote) — FOR was 92% of the votes cast (FOR divided by FOR plus AGAINST, the conventional basis for proxy support; abstentions, broker non-votes and unvoted shares are excluded because none of them took a side), which is more than half. Whether the item was approved is for the filing to say; that statement has not been read for this item. Source: XCEL ENERGY INC.'s Form 8-K, Item 5.07, filed with the U.S. Securities and Exchange Commission (filing date not recorded for this item).
XCEL ENERGY INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.