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Compiled from SEC Form N-PX filings and XCEL ENERGY INC.’s Form 8-K, filed May 23, 2025 (Item 5.07 on EDGAR). Page generated October 18, 2026.
Meeting of May 21, 2025: 13 items on XCEL ENERGY INC.’s Form 8-K, filed May 23, 2025: 13 without a stated outcome.
None.
Material dissent: a director nominee under 80% of the votes cast, say-on-pay under 70%, any other item the board put forward under 80%, or a shareholder proposal with more than 50%, on the company’s own Form 8-K tally. How this is decided
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, filed May 23, 2025 (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 | Support (of votes cast) | Reported outcome | Voting standard |
|---|---|---|---|---|---|---|---|---|
| Elect Director: Megan Burkhart | 448,027,430 | 11,350,126 | -- | 909,822 | 46,841,342 | 98% | Not verified | — |
| Elect Director: Lynn Casey | 457,586,020 | 1,829,692 | -- | 871,666 | 46,841,342 | 99.6% | Not verified | — |
| Elect Director: Robert Frenzel | 446,261,387 | 13,174,642 | -- | 851,349 | 46,841,342 | 97% | Not verified | — |
| Elect Director: Netha Johnson | 457,662,645 | 1,671,824 | -- | 952,909 | 46,841,342 | 99.6% | Not verified | — |
| Elect Director: Patricia Kampling | 448,194,797 | 11,188,742 | -- | 903,839 | 46,841,342 | 98% | Not verified | — |
| Elect Director: George Kehl | 455,996,661 | 3,433,208 | -- | 857,509 | 46,841,342 | 99.2% | Not verified | — |
| Elect Director: Richard O'Brien | 425,689,215 | 33,209,750 | -- | 1,388,413 | 46,841,342 | 93% | Not verified | — |
| Elect Director: Charles Pardee | 443,895,480 | 15,542,161 | -- | 849,737 | 46,841,342 | 97% | Not verified | — |
| Elect Director: James Prokopanko | 456,832,347 | 2,588,018 | -- | 867,013 | 46,841,342 | 99.4% | Not verified | — |
| Elect Director: Devin Stockfish | 457,579,724 | 1,822,337 | -- | 885,317 | 46,841,342 | 99.6% | Not verified | — |
| Elect Director: Timothy Welsh | 457,300,691 | 2,130,273 | -- | 856,414 | 46,841,342 | 99.5% | Not verified | — |
| 2. Advisory Vote on Executive Compensation (Say on Pay Vote) | 421,060,436 | 37,180,904 | 2,046,038 | -- | 46,841,342 | 92% | Not verified | — |
| 3. Ratification of Independent Registered Public Accounting Firm | 489,120,696 | 17,256,865 | 751,159 | -- | -- | 97% | Not verified | — |
Source: XCEL ENERGY INC., Form 8-K, filed with the SEC on May 23, 2025 — read the filing on EDGAR.
Each item below shows how the 949 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.
Combines 4 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Bob Frenzel
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 225,166,889 for, 569,126 against, 24,326 withheld, 18 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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.
Combines 4 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Charles Pardee
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 224,912,760 for, 823,252 against, 24,326 withheld, 19 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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.
Combines 4 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Devin Stockfish
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 225,705,252 for, 18,620 against, 36,467 withheld, 19 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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.
Combines 4 wordings of this item as funds reported it.
99.2% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: George Kehl
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.2% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 225,686,773 for, 49,240 against, 24,326 withheld, 19 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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.
Combines 4 wordings of this item as funds reported it.
99.4% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: James Prokopanko
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.4% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 225,671,589 for, 64,423 against, 24,326 withheld, 19 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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.
Combines 4 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Lynn Casey
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 225,706,580 for, 29,433 against, 24,326 withheld, 19 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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.
Combines 4 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Megan Burkhart
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 225,089,759 for, 646,252 against, 24,326 withheld, 20 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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 | Mixed |
| 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.
Combines 4 wordings of this item as funds reported it.
99.6% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Netha Johnson
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.6% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 225,718,722 for, 17,290 against, 24,326 withheld, 21 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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.
Combines 4 wordings of this item as funds reported it.
98% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Patricia Kampling
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 98% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 225,089,763 for, 646,248 against, 24,326 withheld, 20 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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 | Mixed |
| 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.
Combines 5 wordings of this item as funds reported it.
93% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Richard O'Brien
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 93% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 218,367,723 for, 7,368,128 against, 24,476 withheld, 32 abstained.
| 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 | 0 | 149 | For |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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 | Mixed |
| 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 | Mixed |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Showing the 25 largest of 164 asset managers. See all 164 in the interactive database.
Combines 4 wordings of this item as funds reported it.
99.5% Majority: yes · of votes cast
Description as filed by funds: Election of Directors: Timothy Welsh
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 filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 99.5% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
The 164 asset managers below reported 225,718,712 for, 17,301 against, 24,326 withheld, 19 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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.
Combines 23 wordings of this item as funds reported it.
92% Majority: yes · of votes cast
Description as filed by funds: Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote)
XCEL ENERGY INC.’s own tally for this item (“2. Advisory Vote on Executive Compensation (Say on Pay Vote)”): 421,060,436 for, 37,180,904 against, per its Form 8-K filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 92% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Fund voting reports and institutional-manager reports both cover this item. An institutional manager can report shares that a fund it advises also reports, so the two are shown separately below and never added together, and their sum is not shown (fund and manager reports combined may count the same shares twice).
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| Vanguard | 75,208,487 | 33 | 3 | 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 |
| JPMorgan | 0 | 12,795,000 | 0 | 0 | Against |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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 | 2,085,474 | 170,049 | 0 | 0 | Mixed |
| Prudential/PGIM | 1,601,994 | 274,968 | 0 | 0 | Mixed |
| REAVES UTILITY INCOME FUND | 1,853,600 | 0 | 0 | 0 | For |
| Bridge Builder Trust | 1,399,303 | 349,286 | 0 | 0 | Mixed |
| DNP SELECT INCOME FUND INC | 1,686,151 | 0 | 0 | 0 | For |
| MASSACHUSETTS INVESTORS TRUST | 1,685,214 | 0 | 0 | 0 | For |
| Equitable | 1,540,964 | 125,110 | 0 | 0 | Mixed |
| 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 | 1,029,450 | 127,848 | 0 | 0 | Mixed |
| TIAA | 1,144,172 | 0 | 0 | 0 | For |
Fund voting reports, all 162 managers: 211,304,411 for, 14,207,193 against, 1 withheld, 24,368 abstained. Showing the 25 largest; see all in the interactive database.
| Asset manager | For | Against | Abstain | Withheld | Vote |
|---|---|---|---|---|---|
| State Street | 23,908,309 | 201,914 | 0 | 0 | For |
| T. Rowe Price | 23,647,415 | 0 | 0 | 0 | For |
| MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 18,519,136 | 0 | 0 | 0 | For |
| BlackRock | 17,872,256 | 1,698 | 0 | 0 | For |
| JPMorgan | 0 | 16,384,611 | 0 | 0 | Against |
| GEODE CAPITAL MANAGEMENT, LLC | 15,552,168 | 0 | 0 | 0 | For |
| Aristotle Capital Management, LLC | 12,342,173 | 0 | 0 | 0 | For |
| FRANKLIN ADVISERS INC | 5,375,919 | 0 | 0 | 0 | For |
| Fidelity | 5,277,776 | 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 |
| Vanguard | 3,839,313 | 0 | 0 | 0 | For |
| Victory Capital | 3,799,425 | 0 | 0 | 0 | For |
| Charles Schwab | 3,678,844 | 0 | 0 | 0 | For |
| Invesco | 3,725,255 | 0 | 0 | 0 | For |
| Capital Research Global Investors | 3,398,197 | 0 | 0 | 0 | For |
| Northern Trust | 3,379,446 | 3,200 | 0 | 0 | For |
| Legal & General Investment Management Ltd | 3,342,805 | 7,044 | 0 | 0 | For |
| First Sentier Investors (Australia) IM Ltd | 3,117,856 | 0 | 0 | 0 | For |
| American Century | 2,958,703 | 0 | 0 | 0 | For |
| NORDEA INVESTMENT MANAGEMENT AB | 84,520 | 2,700,065 | 0 | 0 | Against |
| Zimmer Partners, LP | 2,687,113 | 0 | 0 | 0 | For |
| PRINCIPAL GLOBAL INVESTORS | 2,478,694 | 0 | 0 | 0 | For |
| CALIFORNIA PUBLIC EMPLOYEES RETIREMENT SYSTEM | 2,424,631 | 0 | 0 | 0 | For |
| PARAMETRIC PORTFOLIO ASSOCIATES LLC | 0 | 2,274,436 | 0 | 0 | Against |
Institutional-manager reports, all 820 managers: 234,430,926 for, 27,754,883 against, 123,105 withheld, 132,700 abstained, 58,479 not voted, 1,570 unknown. Showing the 25 largest; see all in the interactive database.
Combines 2 wordings of this item as funds reported it.
97% Majority: yes · of votes cast
Description as filed by funds: Ratification of the appointment of Deloitte & Touche LLP as Xcel Energy Inc.'s independent registered public accounting firm for 2025
XCEL ENERGY INC.’s own tally for this item (“3. Ratification of Independent Registered Public Accounting Firm”): 489,120,696 for, 17,256,865 against, per its Form 8-K filed May 23, 2025 (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.
Reported outcome: not verified — the filing’s own statement of the outcome could not be identified for this item.
Support: 97% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.
Also reported under other wordings, matched to the same row of XCEL ENERGY INC.’s official tally and shown with their own fund figures; their managers are not in the figures or the table on this card: “Ratify Appointment of Independent Auditors” (6 managers, Fund and manager reports combined; may count the same shares twice; no share total shown).
The 158 asset managers below reported 225,085,771 for, 101,815 against, 24,336 abstained.
| 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 |
| JPMorgan | 12,795,000 | 0 | 0 | 0 | For |
| MFS | 11,258,159 | 0 | 0 | 0 | For |
| T. Rowe Price | 8,737,905 | 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.
Not shown here: this season’s fund filings also report 1 item from the meeting of May 22, 2024, which belongs to the 2023-2024 season. A meeting outside this season’s July 1 to June 30 window is not counted in this page’s items or in its totals of asset managers and fund votes.
Ranked separately for each type of Form N-PX report. An institutional manager can report shares that a fund it advises also reports, so the two tables can list the same shares and are never added together. Each is ranked by the shares voted on the item that the most managers of that type reported, shown as a share of the 576,547,051 shares outstanding at the time of that meeting.
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | Vanguard | 13.04% |
| 2 | BlackRock | 4.00% |
| 3 | Fidelity | 3.35% |
| 4 | State Street | 2.50% |
| 5 | JPMorgan | 2.22% |
| 6 | MFS | 1.95% |
| 7 | T. Rowe Price | 1.52% |
| 8 | Franklin Custodian Funds | 0.85% |
| 9 | American Century | 0.63% |
| 10 | Charles Schwab | 0.63% |
| # | Asset manager | % of shares outstanding |
|---|---|---|
| 1 | State Street | 4.18% |
| 2 | T. Rowe Price | 4.10% |
| 3 | MASSACHUSETTS FINANCIAL SERVICES CO /MA/ | 3.21% |
| 4 | BlackRock | 3.10% |
| 5 | JPMorgan | 2.84% |
| 6 | GEODE CAPITAL MANAGEMENT, LLC | 2.70% |
| 7 | Aristotle Capital Management, LLC | 2.14% |
| 8 | FRANKLIN ADVISERS INC | 0.93% |
| 9 | Fidelity | 0.92% |
| 10 | PICTET ASSET MANAGEMENT SA | 0.89% |
As disclosed to the SEC in Form 13F (quarter-end holdings of 30 large managers), Schedules 13D and 13G (beneficial ownership above 5%) and the company’s own proxy statement (DEF 14A). Each row names its form.
| 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 March 31, 2025 (see the filing on EDGAR). This is the count contemporaneous with the 2024-2025 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.
Every figure above is derived from filings made with the US Securities and Exchange Commission: Form N-PX, in which registered funds disclose how they voted every proxy and institutional managers disclose their votes on executive pay (say-on-pay, say-on-frequency and golden parachutes), 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 March 31, 2025. This page is a static snapshot rebuilt weekly on October 18, 2026; a live search always shows the current data.
At XCEL ENERGY INC.'s shareholder meeting held May 21, 2025, in the 2024-2025 proxy season, 949 asset managers reported how they voted on 13 ballot items in their SEC Form N-PX filings, covering 11,656 separate fund positions. 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 on May 23, 2025.
XCEL ENERGY INC. proxy season coverage: 2023-2024 · 2024-2025 (this page) · 2025-2026.
Download data (CSV): ballot items · votes by manager · column guide.