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  <ccc>XXXXXXXX</ccc>
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  <liveTestFlag>LIVE</liveTestFlag>
  
  
  
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  <issuerInfo>
  <issuerCik>0000072903</issuerCik>
  <issuerName>Xcel Energy Inc.</issuerName>
  <secFileNumber>001-03034</secFileNumber>
  <issuerAddress>
  <com:street1>414 Nicollet Mall</com:street1>
  <com:city>Minneapolis</com:city>
  <com:stateOrCountry>MN</com:stateOrCountry>
  <com:zipCode>55401</com:zipCode>
  </issuerAddress>
  <issuerContactPhone>612-330-5500</issuerContactPhone>
  <nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>Carter Brett C</nameOfPersonForWhoseAccountTheSecuritiesAreToBeSold>
  <relationshipsToIssuer>
  <relationshipToIssuer>Officer</relationshipToIssuer>
  </relationshipsToIssuer>
  </issuerInfo>
  <securitiesInformation>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <brokerOrMarketmakerDetails>
  <name>EQ Shareowner Services</name>
  <address>
  <com:street1>1110 Centre Pointe Curve</com:street1>
  <com:street2>Suite 101,</com:street2>
  <com:city>Mendota Heights</com:city>
  <com:stateOrCountry>MN</com:stateOrCountry>
  <com:zipCode>55120</com:zipCode>
  </address>
  </brokerOrMarketmakerDetails>
  <noOfUnitsSold>30000</noOfUnitsSold>
  <aggregateMarketValue>2097300</aggregateMarketValue>
  <noOfUnitsOutstanding>8146</noOfUnitsOutstanding>
  <approxSaleDate>05/01/2023</approxSaleDate>
  <securitiesExchangeName>Nasdaq</securitiesExchangeName>
  </securitiesInformation>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>02/16/2021</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of equity compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Xcel Energy Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>3008</amountOfSecuritiesAcquired>
  <paymentDate>05/01/2023</paymentDate>
  <natureOfPayment>Equity compensation</natureOfPayment>
  </securitiesToBeSold>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>02/16/2021</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of equity compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Xcel Energy Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>1698</amountOfSecuritiesAcquired>
  <paymentDate>05/01/2023</paymentDate>
  <natureOfPayment>Equity compensation</natureOfPayment>
  </securitiesToBeSold>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>02/22/2022</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of equity compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Xcel Energy Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>5642</amountOfSecuritiesAcquired>
  <paymentDate>05/01/2023</paymentDate>
  <natureOfPayment>Equity compensation</natureOfPayment>
  </securitiesToBeSold>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>02/22/2022</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of equity compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Xcel Energy Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>6193</amountOfSecuritiesAcquired>
  <paymentDate>05/01/2023</paymentDate>
  <natureOfPayment>Equity compensation</natureOfPayment>
  </securitiesToBeSold>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>02/22/2022</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of equity compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Xcel Energy Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>2393</amountOfSecuritiesAcquired>
  <paymentDate>05/01/2023</paymentDate>
  <natureOfPayment>Equity compensation</natureOfPayment>
  </securitiesToBeSold>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>02/21/2023</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of equity compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Xcel Energy Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>3981</amountOfSecuritiesAcquired>
  <paymentDate>05/01/2023</paymentDate>
  <natureOfPayment>Equity compensation</natureOfPayment>
  </securitiesToBeSold>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>02/21/2023</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of equity compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Xcel Energy Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>5196</amountOfSecuritiesAcquired>
  <paymentDate>05/01/2023</paymentDate>
  <natureOfPayment>Equity compensation</natureOfPayment>
  </securitiesToBeSold>
  <securitiesToBeSold>
  <securitiesClassTitle>Common Stock</securitiesClassTitle>
  <acquiredDate>02/21/2023</acquiredDate>
  <natureOfAcquisitionTransaction>Vesting of equity compensation</natureOfAcquisitionTransaction>
  <nameOfPersonfromWhomAcquired>Xcel Energy Inc.</nameOfPersonfromWhomAcquired>
  <isGiftTransaction>N</isGiftTransaction>
  <amountOfSecuritiesAcquired>1889</amountOfSecuritiesAcquired>
  <paymentDate>05/01/2023</paymentDate>
  <natureOfPayment>Equity compensation</natureOfPayment>
  </securitiesToBeSold>
  <nothingToReportFlagOnSecuritiesSoldInPast3Months>Y</nothingToReportFlagOnSecuritiesSoldInPast3Months>
  <noticeSignature>
  <noticeDate>05/01/2023</noticeDate>
  <signature>Kristin L. Westlund, Attorney in Fact for Brett C. Carter</signature>
  </noticeSignature>
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text: 144
  0001739288
  XXXXXXXX
  LIVE
  0000072903
  Xcel Energy Inc.
  001-03034
  414 Nicollet Mall
  Minneapolis
  MN
  55401
  612-330-5500
  Carter Brett C
  Officer
  Common Stock
  EQ Shareowner Services
  1110 Centre Pointe Curve
  Suite 101,
  Mendota Heights
  MN
  55120
  30000
  2097300
  8146
  05/01/2023
  Nasdaq
  Common Stock
  02/16/2021
  Vesting of equity compensation
  Xcel Energy Inc.
  N
  3008
  05/01/2023
  Equity compensation
  Common Stock
  02/16/2021
  Vesting of equity compensation
  Xcel Energy Inc.
  N
  1698
  05/01/2023
  Equity compensation
  Common Stock
  02/22/2022
  Vesting of equity compensation
  Xcel Energy Inc.
  N
  5642
  05/01/2023
  Equity compensation
  Common Stock
  02/22/2022
  Vesting of equity compensation
  Xcel Energy Inc.
  N
  6193
  05/01/2023
  Equity compensation
  Common Stock
  02/22/2022
  Vesting of equity compensation
  Xcel Energy Inc.
  N
  2393
  05/01/2023
  Equity compensation
  Common Stock
  02/21/2023
  Vesting of equity compensation
  Xcel Energy Inc.
  N
  3981
  05/01/2023
  Equity compensation
  Common Stock
  02/21/2023
  Vesting of equity compensation
  Xcel Energy Inc.
  N
  5196
  05/01/2023
  Equity compensation
  Common Stock
  02/21/2023
  Vesting of equity compensation
  Xcel Energy Inc.
  N
  1889
  05/01/2023
  Equity compensation
  Y
  05/01/2023
  Kristin L. Westlund, Attorney in Fact for Brett C. Carter