XCEL ENERGY INC

Ticker: XEL CUSIP: 98389B100 Class: COM

STATE OF MICHIGAN RETIREMENT SYSTEM's Holding History (CIK: 0000762152)

Note: Option positions (PUT/CALL) are excluded.

Q4 2025

Shares 154,894 Value ($000) $11,440 Avg Close $78.29 Range $71.88 - $82.37

Q3 2025

Shares 159,994 Value ($000) $12,904 Avg Close $71.34 Range $65.54 - $80.34

Q2 2025

Shares 156,794 Value ($000) $10,678 Avg Close $67.81 Range $63.89 - $71.28

Q1 2025

Shares 155,794 Value ($000) $11,029 Avg Close $66.02 Range $60.60 - $70.40

Q4 2024

Shares 155,894 Value ($000) $10,526 Avg Close $64.42 Range $59.66 - $70.48

Q3 2024

Shares 151,794 Value ($000) $9,912 Avg Close $56.58 Range $49.49 - $62.83

Q2 2024

Shares 152,194 Value ($000) $8,129 Avg Close $51.36 Range $49.18 - $53.53

Q1 2024

Shares 151,194 Value ($000) $8,127 Avg Close $53.35 Range $43.63 - $59.92

Q4 2023

Shares 151,094 Value ($000) $9,354 Avg Close $55.51 Range $49.69 - $59.07

Q3 2023

Shares 151,194 Value ($000) $8,651 Avg Close $55.18 Range $50.51 - $60.14

Q2 2023

Shares 151,294 Value ($000) $9,406 Avg Close $60.77 Range $55.30 - $65.41

Q1 2023

Shares 150,294 Value ($000) $10,136 Avg Close $60.96 Range $56.67 - $65.80

Q4 2022

Shares 148,694 Value ($000) $10,425 Avg Close $59.61 Range $50.95 - $65.37

Q3 2022

Shares 147,994 Value ($000) $9,472 Avg Close $64.86 Range $57.17 - $69.10

Q2 2022

Shares 146,894 Value ($000) $10,394 Avg Close $64.35 Range $56.56 - $67.70

Q1 2022

Shares 135,894 Value ($000) $9,807 Avg Close $60.38 Range $55.98 - $64.27

Q4 2021

Shares 135,659 Value ($000) $9,184 Avg Close $56.85 Range $53.68 - $60.62

Q3 2021

Shares 135,159 Value ($000) $8,447 Avg Close $58.54 Range $53.29 - $61.51

Q2 2021

Shares 135,259 Value ($000) $8,911 Avg Close $59.92 Range $56.66 - $62.70

Q1 2021

Shares 134,959 Value ($000) $8,976 Avg Close $54.03 Range $48.83 - $57.81

Q4 2020

Shares 132,159 Value ($000) $8,811 Avg Close $59.11 Range $54.53 - $64.80

Q3 2020

Shares 134,059 Value ($000) $9,251 Avg Close $57.55 Range $52.35 - $61.49

Q2 2020

Shares 134,059 Value ($000) $8,379 Avg Close $52.81 Range $46.92 - $56.52

Q1 2020

Shares 120,234 Value ($000) $7,250 Avg Close $54.26 Range $38.98 - $59.98

Q4 2019

Shares 126,834 Value ($000) $8,053 Avg Close $51.71 Range $49.12 - $53.81

Q3 2019

Shares 126,034 Value ($000) $8,178 Avg Close $51.21 Range $48.21 - $54.39

Q2 2019

Shares 123,234 Value ($000) $7,331 Avg Close $46.93 Range $44.40 - $50.86

Q1 2019

Shares 148,234 Value ($000) $8,332 Avg Close $43.12 Range $38.61 - $46.88

Q4 2018

Shares 147,134 Value ($000) $7,249 Avg Close $40.29 Range $37.36 - $43.46

Q3 2018

Shares 151,734 Value ($000) $7,163 Avg Close $37.68 Range $35.49 - $39.44

Q2 2018

Shares 150,634 Value ($000) $6,881 Avg Close $35.43 Range $33.16 - $37.42

Q1 2018

Shares 149,534 Value ($000) $6,801 Avg Close $34.95 Range $32.50 - $37.86

Q4 2017

Shares 148,834 Value ($000) $7,160 Avg Close $38.57 Range $36.41 - $40.57

Q3 2017

Shares 154,034 Value ($000) $7,289 Avg Close $37.06 Range $34.85 - $39.00

Q2 2017

Shares 166,834 Value ($000) $7,654 Avg Close $35.30 Range $33.68 - $37.12

Q1 2017

Shares 166,634 Value ($000) $7,407 Avg Close $32.23 Range $30.39 - $34.49

Q4 2016

Shares 166,134 Value ($000) $6,762 Avg Close $30.13 Range $28.60 - $31.47

Q3 2016

Shares 177,266 Value ($000) $7,293 Avg Close $31.98 Range $30.37 - $33.91

Q2 2016

Shares 176,466 Value ($000) $7,902 Avg Close $30.70 Range $28.46 - $33.43

Q1 2016

Shares 174,766 Value ($000) $7,309 Avg Close $28.69 Range $25.85 - $31.00

Q4 2015

Shares 173,566 Value ($000) $6,233 Avg Close $26.01 Range $24.99 - $27.11

Q3 2015

Shares 183,066 Value ($000) $6,482 Avg Close $24.55 Range $23.15 - $26.29

Q2 2015

Shares 196,566 Value ($000) $6,325 Avg Close $24.05 Range $22.87 - $25.23

Q1 2015

Shares 195,166 Value ($000) $6,794 Avg Close $25.33 Range $23.65 - $27.12

Q4 2014

Shares 208,266 Value ($000) $7,481 Avg Close $23.56 Range $21.16 - $26.57

Q3 2014

Shares 207,166 Value ($000) $6,298 Avg Close $21.76 Range $20.55 - $22.55

Q2 2014

Shares 205,666 Value ($000) $6,629 Avg Close $21.34 Range $20.51 - $22.42

Q1 2014

Shares 203,366 Value ($000) $6,174 Avg Close $19.89 Range $18.57 - $21.01

Q4 2013

Shares 202,266 Value ($000) $5,651 Avg Close $19.06 Range $18.30 - $19.82

Q3 2013

Shares 202,366 Value ($000) $5,587 Avg Close $19.11 Range $18.11 - $20.29

Q2 2013

Shares 201,966 Value ($000) $5,724 Avg Close $19.78 Range $18.27 - $21.01

Period	Shares	Value ($000)	Average Close	Price Range
Q4 2025	154,894	$11,440	$78.29	$71.88 - $82.37
Q3 2025	159,994	$12,904	$71.34	$65.54 - $80.34
Q2 2025	156,794	$10,678	$67.81	$63.89 - $71.28
Q1 2025	155,794	$11,029	$66.02	$60.60 - $70.40
Q4 2024	155,894	$10,526	$64.42	$59.66 - $70.48
Q3 2024	151,794	$9,912	$56.58	$49.49 - $62.83
Q2 2024	152,194	$8,129	$51.36	$49.18 - $53.53
Q1 2024	151,194	$8,127	$53.35	$43.63 - $59.92
Q4 2023	151,094	$9,354	$55.51	$49.69 - $59.07
Q3 2023	151,194	$8,651	$55.18	$50.51 - $60.14
Q2 2023	151,294	$9,406	$60.77	$55.30 - $65.41
Q1 2023	150,294	$10,136	$60.96	$56.67 - $65.80
Q4 2022	148,694	$10,425	$59.61	$50.95 - $65.37
Q3 2022	147,994	$9,472	$64.86	$57.17 - $69.10
Q2 2022	146,894	$10,394	$64.35	$56.56 - $67.70
Q1 2022	135,894	$9,807	$60.38	$55.98 - $64.27
Q4 2021	135,659	$9,184	$56.85	$53.68 - $60.62
Q3 2021	135,159	$8,447	$58.54	$53.29 - $61.51
Q2 2021	135,259	$8,911	$59.92	$56.66 - $62.70
Q1 2021	134,959	$8,976	$54.03	$48.83 - $57.81
Q4 2020	132,159	$8,811	$59.11	$54.53 - $64.80
Q3 2020	134,059	$9,251	$57.55	$52.35 - $61.49
Q2 2020	134,059	$8,379	$52.81	$46.92 - $56.52
Q1 2020	120,234	$7,250	$54.26	$38.98 - $59.98
Q4 2019	126,834	$8,053	$51.71	$49.12 - $53.81
Q3 2019	126,034	$8,178	$51.21	$48.21 - $54.39
Q2 2019	123,234	$7,331	$46.93	$44.40 - $50.86
Q1 2019	148,234	$8,332	$43.12	$38.61 - $46.88
Q4 2018	147,134	$7,249	$40.29	$37.36 - $43.46
Q3 2018	151,734	$7,163	$37.68	$35.49 - $39.44
Q2 2018	150,634	$6,881	$35.43	$33.16 - $37.42
Q1 2018	149,534	$6,801	$34.95	$32.50 - $37.86
Q4 2017	148,834	$7,160	$38.57	$36.41 - $40.57
Q3 2017	154,034	$7,289	$37.06	$34.85 - $39.00
Q2 2017	166,834	$7,654	$35.30	$33.68 - $37.12
Q1 2017	166,634	$7,407	$32.23	$30.39 - $34.49
Q4 2016	166,134	$6,762	$30.13	$28.60 - $31.47
Q3 2016	177,266	$7,293	$31.98	$30.37 - $33.91
Q2 2016	176,466	$7,902	$30.70	$28.46 - $33.43
Q1 2016	174,766	$7,309	$28.69	$25.85 - $31.00
Q4 2015	173,566	$6,233	$26.01	$24.99 - $27.11
Q3 2015	183,066	$6,482	$24.55	$23.15 - $26.29
Q2 2015	196,566	$6,325	$24.05	$22.87 - $25.23
Q1 2015	195,166	$6,794	$25.33	$23.65 - $27.12
Q4 2014	208,266	$7,481	$23.56	$21.16 - $26.57
Q3 2014	207,166	$6,298	$21.76	$20.55 - $22.55
Q2 2014	205,666	$6,629	$21.34	$20.51 - $22.42
Q1 2014	203,366	$6,174	$19.89	$18.57 - $21.01
Q4 2013	202,266	$5,651	$19.06	$18.30 - $19.82
Q3 2013	202,366	$5,587	$19.11	$18.11 - $20.29
Q2 2013	201,966	$5,724	$19.78	$18.27 - $21.01