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Xcel Energy Inc. 2025-2026 Proxy Voting Records

Compiled from SEC Form N-PX filings and Xcel Energy Inc.’s Form 8-K, filed 2026-05-22 (Item 5.07 on EDGAR). Page generated 02 October 2026.

  • 17Reported items
  • 997Asset managers
  • 12,009Fund votes
  • 2026-05-20Meeting date

Proxy season: 2023-2024 2024-2025 2025-2026

Explore Xcel Energy Inc. in the interactive database Compare manager voting policies

Official 2025-2026 meeting results reported by Xcel Energy Inc.

These tallies are Xcel Energy Inc.’s own, as disclosed to the U.S. Securities and Exchange Commission on Form 8-K, filed 2026-05-22 (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.

Xcel Energy Inc. — official shareholder meeting results, meeting held 2026-05-20
Ballot itemForAgainst AbstainWithheldBroker non-votesOutcome
Elect Director: Megan Burkhart 500,045,72013,896,454-- 879,06447,402,582 Majority: yes
Elect Director: Lynn Casey 507,881,3596,062,918-- 876,96147,402,582 Majority: yes
Elect Director: Maria Demaree 510,287,8483,616,639-- 916,75147,402,582 Majority: yes
Elect Director: Robert Frenzel 495,774,64018,096,931-- 949,66747,402,582 Majority: yes
Elect Director: Netha Johnson 509,986,3983,962,439-- 872,40147,402,582 Majority: yes
Elect Director: Patricia Kampling 505,254,8038,641,350-- 925,08547,402,582 Majority: yes
Elect Director: George Kehl 507,715,0956,154,865-- 951,27847,402,582 Majority: yes
Elect Director: Charles Pardee 502,188,61811,692,790-- 939,83047,402,582 Majority: yes
Elect Director: Devin Stockfish 509,908,4253,964,316-- 948,49747,402,582 Majority: yes
Elect Director: Timothy Welsh 506,524,9597,354,742-- 941,53747,402,582 Majority: yes
Proposal 2: Advisory Vote on Executive Compensation (Say on Pay Vote) 463,774,47448,813,0452,233,719 --47,402,582 Majority: yes
Proposal 3: Ratification of Independent Registered Public Accounting Firm 542,538,11919,035,065650,636 ---- Majority: yes

Source: Xcel Energy Inc., Form 8-K, filed with the SEC on 2026-05-22 — read the filing on EDGAR.

How asset managers voted at the Xcel Energy Inc. 2025-2026 meeting

Each item below shows how the 997 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.

1. Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote)

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 24 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%10%
FOR: 463,774,474AGAINST: 48,813,045

Xcel Energy Inc.’s own tally for this item (“Proposal 2: Advisory Vote on Executive Compensation (Say on Pay Vote)”): 463,774,474 for, 48,813,045 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 74% for, 8% against (82% of the company cast a for/against vote).

The 987 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.

FOR 92%8%
FOR: 91.8%AGAINST: 8.2%ABSTAIN: 0.0%NOT VOTED: 0.0%SPLIT: 0.0%UNKNOWN: 0.0%
Largest asset managers voting on “Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote)” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard83,276,17093,239 360For
BlackRock44,828,04434,164 00For
Invesco37,902,8550 00For
Fidelity27,293,73027,709 00For
State Street26,943,314183,851 00For
Capital Research Global Investors26,896,0060 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/20,028,8030 00For
Capital Group19,736,5780 00For
JPMorgan18,344,16060,080 00For
GEODE CAPITAL MANAGEMENT, LLC16,915,1240 00For
MFS12,517,6870 00For
T. Rowe Price10,630,7369,413 00For
Aristotle Capital Management, LLC10,625,0800 00For
GQG Partners LLC8,716,8390 00For
Charles Schwab7,767,7342,632 00For
PICTET ASSET MANAGEMENT SA6,797,9410 00For
FRANKLIN ADVISERS INC6,577,1280 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Northern Trust4,591,33745,721 00For
American Century4,576,1580 00For
BARROW HANLEY MEWHINNEY & STRAUSS LLC04,535,140 00Against
Federated Hermes4,338,3940 00For
Goldman Sachs3,349,6300 00For
John Hancock3,256,60921,588 00For

Showing the 25 largest of 987 asset managers. See all 987 in the interactive database.

2. Election of Directors: Megan Burkhart

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 4 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 500,045,720AGAINST: 13,896,454

Xcel Energy Inc.’s own tally for this item (“Elect Director: Megan Burkhart”): 500,045,720 for, 13,896,454 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 80% for, 2% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.7% of the shares they voted on this item FOR (274,153,044 for, 592,240 against).

FOR 99.7%
FOR: 274,153,044 (99.8%)AGAINST: 592,240 (0.2%)ABSTAIN: 22,130 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: Megan Burkhart” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,656170 150For
BlackRock24,092,7882,024 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,5280 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

3. Election of Directors: Lynn Casey

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 507,881,359AGAINST: 6,062,918

Xcel Energy Inc.’s own tally for this item (“Elect Director: Lynn Casey”): 507,881,359 for, 6,062,918 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 81% for, 1.0% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.9% of the shares they voted on this item FOR (274,745,173 for, 108 against).

FOR 99.9%
FOR: 274,745,173 (100.0%)AGAINST: 108 (0.0%)ABSTAIN: 22,130 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: Lynn Casey” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,714108 150For
BlackRock24,094,8120 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,5280 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

4. Election of Directors: Maria Demaree

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 4 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 510,287,848AGAINST: 3,616,639

Xcel Energy Inc.’s own tally for this item (“Elect Director: Maria Demaree”): 510,287,848 for, 3,616,639 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 82% for, 0.6% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.9% of the shares they voted on this item FOR (274,745,214 for, 67 against).

FOR 99.9%
FOR: 274,745,214 (100.0%)AGAINST: 67 (0.0%)ABSTAIN: 22,130 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: Maria Demaree” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,75567 150For
BlackRock24,094,8120 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,5280 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

5. Election of Directors: Bob Frenzel

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 4 wordings of this item as funds reported it.

96% Majority: yes · of votes cast

FOR 96%
FOR: 495,774,640AGAINST: 18,096,931

Xcel Energy Inc.’s own tally for this item (“Elect Director: Robert Frenzel”): 495,774,640 for, 18,096,931 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 79% for, 3% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.8% of the shares they voted on this item FOR (274,401,007 for, 344,272 against).

FOR 99.8%
FOR: 274,401,007 (99.9%)AGAINST: 344,272 (0.1%)ABSTAIN: 22,131 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: Bob Frenzel” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,534286 160For
BlackRock24,094,8120 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,334194 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

6. Election of Directors: Netha Johnson

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 4 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 509,986,398AGAINST: 3,962,439

Xcel Energy Inc.’s own tally for this item (“Elect Director: Netha Johnson”): 509,986,398 for, 3,962,439 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 82% for, 0.7% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.9% of the shares they voted on this item FOR (274,745,213 for, 69 against).

FOR 99.9%
FOR: 274,745,213 (100.0%)AGAINST: 69 (0.0%)ABSTAIN: 22,130 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: Netha Johnson” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,75469 150For
BlackRock24,094,8120 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,5280 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

7. Election of Directors: Patricia Kampling

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 505,254,803AGAINST: 8,641,350

Xcel Energy Inc.’s own tally for this item (“Elect Director: Patricia Kampling”): 505,254,803 for, 8,641,350 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 81% for, 1% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.7% of the shares they voted on this item FOR (274,157,474 for, 587,809 against).

FOR 99.7%
FOR: 274,157,474 (99.8%)AGAINST: 587,809 (0.2%)ABSTAIN: 22,130 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: Patricia Kampling” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,721103 150For
BlackRock24,094,8120 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,5280 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

8. Election of Directors: George Kehl

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 4 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 507,715,095AGAINST: 6,154,865

Xcel Energy Inc.’s own tally for this item (“Elect Director: George Kehl”): 507,715,095 for, 6,154,865 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 81% for, 1.0% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.9% of the shares they voted on this item FOR (274,728,869 for, 16,411 against).

FOR 99.9%
FOR: 274,728,869 (100.0%)AGAINST: 16,411 (0.0%)ABSTAIN: 22,131 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: George Kehl” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,714107 160For
BlackRock24,094,8120 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,5280 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

9. Election of Directors: Charles Pardee

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 4 wordings of this item as funds reported it.

98% Majority: yes · of votes cast

FOR 98%
FOR: 502,188,618AGAINST: 11,692,790

Xcel Energy Inc.’s own tally for this item (“Elect Director: Charles Pardee”): 502,188,618 for, 11,692,790 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 80% for, 2% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.9% of the shares they voted on this item FOR (274,650,351 for, 94,929 against).

FOR 99.9%
FOR: 274,650,351 (100.0%)AGAINST: 94,929 (0.0%)ABSTAIN: 22,131 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: Charles Pardee” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,611211 160For
BlackRock24,088,6646,148 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,331,6566,872 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,748,61645,449 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

10. Election of Directors: Devin Stockfish

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 4 wordings of this item as funds reported it.

99.2% Majority: yes · of votes cast

FOR 99.2%
FOR: 509,908,425AGAINST: 3,964,316

Xcel Energy Inc.’s own tally for this item (“Elect Director: Devin Stockfish”): 509,908,425 for, 3,964,316 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 82% for, 0.7% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.9% of the shares they voted on this item FOR (274,745,212 for, 69 against).

FOR 99.9%
FOR: 274,745,212 (100.0%)AGAINST: 69 (0.0%)ABSTAIN: 22,131 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: Devin Stockfish” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,75369 160For
BlackRock24,094,8120 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,5280 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

11. Election of Directors: Timothy Welsh

DIRECTOR ELECTIONSMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 6 wordings of this item as funds reported it.

99% Majority: yes · of votes cast

FOR 99%
FOR: 506,524,959AGAINST: 7,354,742

Xcel Energy Inc.’s own tally for this item (“Elect Director: Timothy Welsh”): 506,524,959 for, 7,354,742 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 81% for, 1% against (82% of the company cast a for/against vote).

The 177 asset managers below cast 99.7% of the shares they voted on this item FOR (274,157,465 for, 587,817 against).

FOR 99.7%
FOR: 274,157,465 (99.8%)AGAINST: 587,817 (0.2%)ABSTAIN: 22,130 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Election of Directors: Timothy Welsh” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard77,012,712111 150For
BlackRock24,094,8120 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,5280 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Showing the 25 largest of 177 asset managers. See all 177 in the interactive database.

12. Ratification of the appointment of Deloitte & Touche LLP as Xcel Energy Inc.'s independent registered public accounting firm for 2026

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2026-05-20.

Combines 3 wordings of this item as funds reported it.

97% Majority: yes · of votes cast

FOR 97%
FOR: 542,538,119AGAINST: 19,035,065

Xcel Energy Inc.’s own tally for this item (“Proposal 3: Ratification of Independent Registered Public Accounting Firm”): 542,538,119 for, 19,035,065 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 87% for, 3% against (90% of the company cast a for/against vote).

The 173 asset managers below cast 99.9% of the shares they voted on this item FOR (273,050,948 for, 132,299 against).

FOR 99.9%
FOR: 273,050,948 (99.9%)AGAINST: 132,299 (0.0%)ABSTAIN: 22,123 (0.0%)NOT VOTED: 500 (0.0%)
Largest asset managers voting on “Ratification of the appointment of Deloitte & Touche LLP as Xcel Energy Inc.'s independent registered public a” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Vanguard76,920,04492,787 80For
BlackRock24,092,7882,024 00For
Fidelity21,499,7500 00For
Capital Group19,735,0300 00For
Invesco18,376,4360 00For
JPMorgan17,985,4220 00For
State Street16,338,222306 00For
MFS12,517,6870 00For
INVESTMENT CO OF AMERICA6,241,5580 00For
Franklin Custodian Funds5,500,0000 00For
Charles Schwab3,838,4340 00For
John Hancock2,710,1880 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust2,116,8210 00For
Prudential/PGIM2,021,5420 00For
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,794,0650 00For
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,761,8063,192 00For
Equitable1,516,3620 00For
Jackson National1,474,5970 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For
MASSACHUSETTS INVESTORS TRUST1,147,5580 00For

Showing the 25 largest of 173 asset managers. See all 173 in the interactive database.

13. Ratify Deloitte & Touche LLP as Auditors

AUDIT-RELATED

Meeting held 2026-05-20.

100% fund support · no official result

FOR 100%

The 6 asset managers below cast 100% of the shares they voted on this item FOR (1,218,251 for, 0 against).

FOR: 1,218,251 (100.0%)
Largest asset managers voting on “Ratify Deloitte & Touche LLP as Auditors” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
First Trust583,5090 00For
Lincoln Financial395,4310 00For
RWC Asset Management LLP128,5880 00For
Empower97,7090 00For
OARSMAN CAPITAL, INC.7,5000 00For
CLEARWATER INVESTMENT TRUST5,5140 00For

14. Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote)

SECTION 14A SAY-ON-PAY VOTESMajority of the votes cast: yes

Meeting held 2025-05-21 (outside the 2025-2026 season's 1 July to 30 June window; reported in this season's filings).

Combines 2 wordings of this item as funds reported it.

92% Majority: yes · of votes cast

FOR 92%8%
FOR: 421,060,436AGAINST: 37,180,904

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 624,162,780 outstanding shares: 67% for, 6% against (73% of the company cast a for/against vote).

The 4 asset managers below cast 84% of the shares they voted on this item FOR (133,116 for, 24,686 against).

FOR 84%AGAINST 16%
FOR: 133,116 (84.4%)AGAINST: 24,686 (15.6%)
Largest asset managers voting on “Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote)” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Investment Management Corp of Ontario130,4160 00For
PENSIOENFONDS RAIL & OV024,686 00Against
Hodges Capital Management Inc.2,1000 00For
Slocum, Gordon & Co LLP6000 00For

15. Ratify Appointment of Independent Auditors

AUDIT-RELATEDMajority of the votes cast: yes

Meeting held 2026-05-20.

97% Majority: yes · of votes cast

FOR 97%
FOR: 542,538,119AGAINST: 19,035,065

Xcel Energy Inc.’s own tally for this item (“Proposal 3: Ratification of Independent Registered Public Accounting Firm”): 542,538,119 for, 19,035,065 against, per its Form 8-K filed 2026-05-22 (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 624,162,780 outstanding shares: 87% for, 3% against (90% of the company cast a for/against vote).

The 3 asset managers below cast 0.7% of the shares they voted on this item FOR (2,408 for, 343,792 against).

AGAINST 99.3%
FOR: 2,408 (0.7%)AGAINST: 343,792 (99.3%)
Largest asset managers voting on “Ratify Appointment of Independent Auditors” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Cardano Risk Management B.V.0343,792 00Against
TEALWOOD ASSET MANAGEMENT INC1,8080 00For
McGowan Group Asset Management, Inc.6000 00For

16. Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote)

SECTION 14A SAY-ON-PAY VOTES

Reported under meeting date 2026-03-23; no official results on file for that date.

0% fund support · no official result

AGAINST 100%

The 2 asset managers below cast 0% of the shares they voted on this item FOR (0 for, 320,145 against).

AGAINST: 320,145 (100.0%)
Largest asset managers voting on “Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote)” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
Sourcerock Group LLC0288,605 00Against
SCHRODER INVESTMENT MANAGEMENT GROUP031,540 00Against

17. Election of Directors (Majority Voting)

DIRECTOR ELECTIONS

Meeting held 2026-05-20.

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

FOR 100%

The 2 asset managers below cast 100% of the shares they voted on this item FOR.

FOR: 100.0%
Largest asset managers voting on “Election of Directors (Majority Voting)” at Xcel Energy Inc., 2025-2026
Asset managerForAgainst AbstainWithheldVote
TEALWOOD ASSET MANAGEMENT INC1,8080 00For
McGowan Group Asset Management, Inc.6000 00For

Largest Xcel Energy Inc. shareholders voting in 2025-2026

Ranked by the number of Xcel Energy Inc. shares each manager voted on the most widely held ballot item of the 2025-2026 meeting, shown as a share of the 624,162,780 shares outstanding at the time of that meeting.

Top Xcel Energy Inc. shareholders by shares voted, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 13.36%
2BlackRock 7.19%
3Invesco 6.07%
4Fidelity 4.38%
5State Street 4.35%
6Capital Research Global Investors 4.31%
7MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 3.21%
8Capital Group 3.16%
9JPMorgan 2.95%
10GEODE CAPITAL MANAGEMENT, LLC 2.71%

Reported Xcel Energy Inc. ownership

Positions disclosed to the SEC on Schedules 13D and 13G, Form 13F and the company’s own proxy statement (DEF 14A).

Xcel Energy Inc. beneficial owners on record for the 2025-2026 proxy season
Holder % outstanding Disclosure
The Vanguard Group 11.53% DEF14A
BlackRock, Inc. 8.01% DEF14A
State Street Corporation 5.95% DEF14A
Vanguard Portfolio Management 5.58% 13G
JPMorgan Chase 4.60% 13F
Geode Capital 2.72% 13F
Invesco 1.29% 13F
Goldman Sachs 1.25% 13F
Franklin Templeton 1.24% 13F
T. Rowe Price 1.21% 13F

Percentages above are of 624,162,780 shares outstanding, as reported by Xcel Energy Inc. on its Form 10-Q dated 2026-03-31 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, so the percentages are the ones that were true then, not ones restated against today’s share count.

About this page

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 2026-03-31. 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 2026-05-20, in the 2025-2026 proxy season, 997 asset managers reported how they voted in their SEC Form N-PX filings, covering 12,009 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 90% 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 on 2026-05-22.

Xcel Energy Inc. proxy season coverage: 2023-2024 · 2024-2025 · 2025-2026 (this page).