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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 May 22, 2026 (Item 5.07 on EDGAR). Page generated October 14, 2026.

  • 12Ballot items
  • 987Asset managers
  • 12,000Fund votes
  • May 20, 2026Meeting date

Results at a glance

Meeting of May 20, 2026: 12 items on Xcel Energy Inc.’s Form 8-K, filed May 22, 2026: 12 without a stated outcome.

Material dissent

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

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 May 22, 2026 (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 May 20, 2026
Ballot itemForAgainst AbstainWithheldBroker non-votesSupport (of votes cast)Reported outcomeVoting standard
Elect Director: Megan Burkhart 500,045,72013,896,454-- 879,06447,402,582 97%Not verified—
Elect Director: Lynn Casey 507,881,3596,062,918-- 876,96147,402,582 99%Not verified—
Elect Director: Maria Demaree 510,287,8483,616,639-- 916,75147,402,582 99.2%Not verified—
Elect Director: Robert Frenzel 495,774,64018,096,931-- 949,66747,402,582 96%Not verified—
Elect Director: Netha Johnson 509,986,3983,962,439-- 872,40147,402,582 99.2%Not verified—
Elect Director: Patricia Kampling 505,254,8038,641,350-- 925,08547,402,582 98%Not verified—
Elect Director: George Kehl 507,715,0956,154,865-- 951,27847,402,582 99%Not verified—
Elect Director: Charles Pardee 502,188,61811,692,790-- 939,83047,402,582 98%Not verified—
Elect Director: Devin Stockfish 509,908,4253,964,316-- 948,49747,402,582 99.2%Not verified—
Elect Director: Timothy Welsh 506,524,9597,354,742-- 941,53747,402,582 99%Not verified—
2. Advisory Vote on Executive Compensation (Say on Pay Vote) 463,774,47448,813,0452,233,719 --47,402,582 90%Not verified—
3. Ratification of Independent Registered Public Accounting Firm 542,538,11919,035,065650,636 ---- 97%Not verified—

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

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

Each item below shows how the 987 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.

1. Elect Director: Megan Burkhart

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: Megan Burkhart

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 May 22, 2026 (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 177 asset managers below reported 274,153,044 for, 592,240 against, 22,115 withheld, 15 abstained, 500 not voted.

FOR
FOR: 274,153,044AGAINST: 592,240ABSTAIN: 15WITHHOLD: 22,115NOT VOTED: 500
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.

2. Elect Director: Lynn Casey

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: Lynn Casey

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 May 22, 2026 (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% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 177 asset managers below reported 274,745,173 for, 108 against, 22,115 withheld, 15 abstained, 500 not voted.

FOR
FOR: 274,745,173AGAINST: 108ABSTAIN: 15WITHHOLD: 22,115NOT VOTED: 500
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.

3. Elect Director: Maria Demaree

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: Maria Demaree

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 May 22, 2026 (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 177 asset managers below reported 274,745,214 for, 67 against, 22,115 withheld, 15 abstained, 500 not voted.

FOR
FOR: 274,745,214AGAINST: 67ABSTAIN: 15WITHHOLD: 22,115NOT VOTED: 500
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.

4. Elect Director: Robert Frenzel

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: Bob Frenzel

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 May 22, 2026 (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: 96% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 177 asset managers below reported 274,401,007 for, 344,272 against, 22,115 withheld, 16 abstained, 500 not voted.

FOR
FOR: 274,401,007AGAINST: 344,272ABSTAIN: 16WITHHOLD: 22,115NOT VOTED: 500
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.

5. Elect Director: Netha Johnson

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: Netha Johnson

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 May 22, 2026 (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 177 asset managers below reported 274,745,213 for, 69 against, 22,115 withheld, 15 abstained, 500 not voted.

FOR
FOR: 274,745,213AGAINST: 69ABSTAIN: 15WITHHOLD: 22,115NOT VOTED: 500
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.

6. Elect Director: Patricia Kampling

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: Patricia Kampling

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 May 22, 2026 (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 177 asset managers below reported 274,157,474 for, 587,809 against, 22,115 withheld, 15 abstained, 500 not voted.

FOR
FOR: 274,157,474AGAINST: 587,809ABSTAIN: 15WITHHOLD: 22,115NOT VOTED: 500
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.

7. Elect Director: George Kehl

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: George Kehl

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 May 22, 2026 (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% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 177 asset managers below reported 274,728,869 for, 16,411 against, 22,115 withheld, 16 abstained, 500 not voted.

FOR
FOR: 274,728,869AGAINST: 16,411ABSTAIN: 16WITHHOLD: 22,115NOT VOTED: 500
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.

8. Elect Director: Charles Pardee

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: Charles Pardee

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 May 22, 2026 (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 177 asset managers below reported 274,650,351 for, 94,929 against, 22,115 withheld, 16 abstained, 500 not voted.

FOR
FOR: 274,650,351AGAINST: 94,929ABSTAIN: 16WITHHOLD: 22,115NOT VOTED: 500
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.

9. Elect Director: Devin Stockfish

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: Devin Stockfish

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 May 22, 2026 (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 177 asset managers below reported 274,745,212 for, 69 against, 22,115 withheld, 16 abstained, 500 not voted.

FOR
FOR: 274,745,212AGAINST: 69ABSTAIN: 16WITHHOLD: 22,115NOT VOTED: 500
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.

10. Elect Director: Timothy Welsh

Outcome not verifiedDIRECTOR ELECTIONSReported outcome: Not verified

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
Details: description as filed, official tally, votes by 177 asset managers

Description as filed by funds: Election of Directors: Timothy Welsh

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 May 22, 2026 (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% of votes cast — FOR ÷ (FOR + AGAINST); abstentions and broker non-votes are excluded.

The 177 asset managers below reported 274,157,465 for, 587,817 against, 22,115 withheld, 15 abstained, 500 not voted.

FOR
FOR: 274,157,465AGAINST: 587,817ABSTAIN: 15WITHHOLD: 22,115NOT VOTED: 500
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.

11. 2. Advisory Vote on Executive Compensation (Say on Pay Vote)

Outcome not verifiedFund totals may overlapSECTION 14A SAY-ON-PAY VOTESReported outcome: Not verified

Combines 24 wordings of this item as funds reported it.

90% Majority: yes · of votes cast

FOR 90%
FOR: 463,774,474AGAINST: 48,813,045
Details: description as filed, official tally, votes by 987 asset managers

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)”): 463,774,474 for, 48,813,045 against, per its Form 8-K filed May 22, 2026 (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: 90% 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).

Fund voting reports: 170 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
Vanguard76,919,56493,239 360For
BlackRock24,091,1863,626 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 Schwab3,837,1181,316 00For
John Hancock2,688,60021,588 00For
T. Rowe Price2,378,7590 00For
REAVES UTILITY INCOME FUND2,133,6000 00For
Bridge Builder Trust797,8941,318,927 00Mixed
Prudential/PGIM02,021,542 00Against
DNP SELECT INCOME FUND INC1,816,9710 00For
Principal1,369,543424,522 00Mixed
American Century1,790,2730 00For
Advisors' Inner Circle Fund III1,764,9980 00For
First Trust1,520,6580 00For
Equitable1,344,042172,320 00Mixed
Jackson National1,463,33111,266 00For
Federated Hermes1,392,5000 00For
ETFis Series Trust I1,294,7350 00For

Fund voting reports, all 170 managers: 264,366,771 for, 10,041,899 against, 22,151 abstained, 500 not voted, 183 mixed. Showing the 25 largest; see all in the interactive database.

Institutional-manager reports: 855 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
Capital Research Global Investors26,896,0060 00For
BlackRock20,736,85830,538 00For
MASSACHUSETTS FINANCIAL SERVICES CO /MA/20,028,8030 00For
Invesco19,526,4190 00For
GEODE CAPITAL MANAGEMENT, LLC16,915,1240 00For
State Street10,605,092183,545 00For
Aristotle Capital Management, LLC10,625,0800 00For
GQG Partners LLC8,716,8390 00For
T. Rowe Price8,251,9779,413 00For
PICTET ASSET MANAGEMENT SA6,797,9410 00For
FRANKLIN ADVISERS INC6,577,1280 00For
Vanguard6,356,6060 00For
Fidelity5,793,98027,709 00For
BARROW HANLEY MEWHINNEY & STRAUSS LLC04,535,140 00Against
Northern Trust3,985,21845,721 00For
Charles Schwab3,930,6161,316 00For
Federated Hermes2,945,8940 00For
Legal & General Investment Management Ltd2,905,0828,140 00For
Boston Partners2,902,1450 00For
American Century2,785,8850 00For
Nuveen2,782,1560 00For
MELLON INVESTMENTS Corp2,663,0670 00For
APG Asset Management US Inc.02,654,430 00Against
Goldman Sachs2,619,5660 00For
PARAMETRIC PORTFOLIO ASSOCIATES LLC2,459,2160 00For

Institutional-manager reports, all 855 managers: 249,017,855 for, 35,761,256 against, 83,124 abstained, 92,696 not voted, 2,988 mixed, 400 unknown. Showing the 25 largest; see all in the interactive database.

12. 3. Ratification of Independent Registered Public Accounting Firm

Outcome not verifiedAUDIT-RELATEDReported outcome: Not verified

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
Details: description as filed, official tally, votes by 173 asset managers

Description as filed by funds: Ratification of the appointment of Deloitte & Touche LLP as Xcel Energy Inc.'s independent registered public accounting firm for 2026

Xcel Energy Inc.’s own tally for this item (“3. Ratification of Independent Registered Public Accounting Firm”): 542,538,119 for, 19,035,065 against, per its Form 8-K filed May 22, 2026 (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” (3 managers, 2,408 for, 343,792 against).

The 173 asset managers below reported 273,050,948 for, 132,299 against, 22,123 abstained, 500 not voted.

FOR
FOR: 273,050,948AGAINST: 132,299ABSTAIN: 22,123NOT VOTED: 500
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.

Not shown here: this season’s fund filings also report 1 item from the meeting of May 21, 2025, which belongs to the 2024-2025 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.

Largest Xcel Energy Inc. shareholders voting in 2025-2026

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 624,162,780 shares outstanding at the time of that meeting.

Fund voting reports: top Xcel Energy Inc. shareholders by shares voted on “Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote)”, 2025-2026
#Asset manager % of shares outstanding
1Vanguard 12.34%
2BlackRock 3.86%
3Fidelity 3.44%
4Capital Group 3.16%
5Invesco 2.94%
6JPMorgan 2.88%
7State Street 2.62%
8MFS 2.01%
9INVESTMENT CO OF AMERICA 1.00%
10Franklin Custodian Funds 0.88%
Institutional-manager reports: top Xcel Energy Inc. shareholders by shares voted on “Approval of Xcel Energy Inc.'s executive compensation in an advisory vote (say on pay vote)”, 2025-2026
#Asset manager % of shares outstanding
1Capital Research Global Investors 4.31%
2BlackRock 3.33%
3MASSACHUSETTS FINANCIAL SERVICES CO /MA/ 3.21%
4Invesco 3.13%
5GEODE CAPITAL MANAGEMENT, LLC 2.71%
6State Street 1.73%
7Aristotle Capital Management, LLC 1.70%
8GQG Partners LLC 1.40%
9T. Rowe Price 1.32%
10PICTET ASSET MANAGEMENT SA 1.09%

Reported Xcel Energy Inc. holdings and ownership

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.

Xcel Energy Inc. holdings and ownership disclosed 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 March 31, 2026 (see the filing on EDGAR). This is the count contemporaneous with the 2025-2026 meeting, not today’s. Each holding is as of its own filing, which may be dated before or after the meeting.

About this page

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, 2026. This page is a static snapshot rebuilt weekly on October 14, 2026; a live search always shows the current data.

At Xcel Energy Inc.'s shareholder meeting held May 20, 2026, in the 2025-2026 proxy season, 987 asset managers reported how they voted on 12 ballot items in their SEC Form N-PX filings, covering 12,000 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 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 May 22, 2026.

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

Download data (CSV): ballot items · votes by manager · column guide.