Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL): fair value, margin of safety and Wheel Score

Is XELLL undervalued?

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 (XELLL) closed at 20.74 on 16 Oct 2026, close to the GLS average fair value of 20.81 (exactly at fair value). 2 of the 6 models that produced a number sit above the price, 4 below - the market and our models roughly agree. With little margin of safety either way, the case for or against the stock rests on the quality numbers and the option premium rather than on price.

There is a wide gap between Lynch (3.93) and Graham Number (55.63). When the models are this far apart the "fair value" is really a range, and the margin of safety above should be read with that range in mind.

The nightly engine files XELLL under Speculative / Distressed - negative earnings or a Piotroski score of 3 or less - which caps its Wheel Score at 45 and keeps it out of the Sunday Scan.

Nine valuation models for XELLL

Each model turns the latest filed numbers into a value per share; the GLS fair value is the simple average of the ones that produce a positive number. The last two rows are shown for reference and never enter the average. The Quote page lets you switch any model off and add your own margin of safety.

Quality and financial health

Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 scores only 0 of 9 on the Piotroski F-score, which fails the Sunday Scan's "6 or more" rule. A reading this low means several of the basic tests - positive earnings, positive operating cash flow, falling debt, no new share issuance - are not met. A GLS Moat score of 0.0/10 is a weak reading: the ten-year history the score grades (revenue, EPS, book value, margins, cash flow, share count, ROIC) has not been steady, so the Moat part of the Wheel Score contributes little.

Returns on capital are thin or negative - ROIC 0.0%, ROE 0.0%, ROA 0.0% - with debt at 0.00 times equity and negative free cash flow.

The dividend yield is 3.12% at a payout ratio of 61%; for a wheel trader holding assigned shares the dividend adds to the covered-call premium, and the ex-dividend date is worth knowing before a call is sold. Revenue comes mainly from Regulated Electric 88%, Regulated Natural Gas 12% (quarter Q2 FY2025).

Institutional ownership scores 5/10, insider activity 5/10 and Congressional trading 5/10 on the GLS smart-money scales.

Wheel Score 25: No options

No options are listed on Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 in our nightly snapshot. The Wheel Score is therefore capped at 39 (it reads 25) and the stock is left out of every options screen; the fair value and health figures above are still useful for a plain stock position.

Volume runs at 119k shares a day on a market cap of $12.6B, with a beta of 0.41 - a low beta, so day-to-day moves are smaller than the market's; the Stability part of the Wheel Score gives that 12 of 20.

The Wheel Score ranks ~7,400 US stocks for selling cash-secured puts and covered calls; it is updated nightly and is not a recommendation. The walkthrough lesson shows how the score fits into a trade, start to finish.

Upcoming events

No upcoming earnings date is recorded for XELLL in the nightly calendar.

Earnings, dividend, IPO, split and economic calendars for the whole market, filterable to your watchlists.

Similar stocks in Regulated Electric

The 12 companies below are the closest to Xcel Energy Inc. 6.25% Junior Subordinated Notes, Series due 2085 by market cap within the Regulated Electric industry, each with its own fact sheet; the Compare page puts up to eight of them side by side.

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