FORM 4 [ ] Check this box if no longer subject to Section 16. Form 4 or Form 5 obligations may continue. See Instruction 1(b).         
UNITED STATES SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES
                                                                                  
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Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934 or Section 30(h) of the Investment Company Act of 1940
                      
1. Name and Address of Reporting Person * OBRIEN RICHARD T 2. Issuer Name and Ticker or Trading Symbol XCEL ENERGY INC [ XEL ] 5. Relationship of Reporting Person(s) to Issuer (Check all applicable)__X__ Director                    _____ 10% Owner
_____ Officer (give title below)    _____ Other (specify below)
(Last)         (First)         (Middle)
414 NICOLLET MALL
3. Date of Earliest Transaction (MM/DD/YYYY)
3/26/2021
(Street)
MINNEAPOLIS, MN 55401
(City)       (State)       (Zip)
4. If Amendment, Date Original Filed (MM/DD/YYYY)
 
6. Individual or Joint/Group Filing (Check Applicable Line) _X _ Form filed by One Reporting Person
___ Form filed by More than One Reporting Person

Table I - Non-Derivative Securities Acquired, Disposed of, or Beneficially Owned
1.Title of Security
(Instr. 3)
2. Trans. Date 2A. Deemed Execution Date, if any 3. Trans. Code
(Instr. 8)
4. Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
5. Amount of Securities Beneficially Owned Following Reported Transaction(s)
(Instr. 3 and 4)
6. Ownership Form: Direct (D) or Indirect (I) (Instr. 4) 7. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V Amount (A) or (D) Price
Common Stock  3/26/2021    A    590.909 (1) A $66.00 (2) 67776.075 (3) D   

Table II - Derivative Securities Beneficially Owned (e.g., puts, calls, warrants, options, convertible securities)
1. Title of Derivate Security
(Instr. 3)
2. Conversion or Exercise Price of Derivative Security 3. Trans. Date 3A. Deemed Execution Date, if any 4. Trans. Code
(Instr. 8)
5. Number of Derivative Securities Acquired (A) or Disposed of (D)
(Instr. 3, 4 and 5)
6. Date Exercisable and Expiration Date 7. Title and Amount of Securities Underlying Derivative Security
(Instr. 3 and 4)
8. Price of Derivative Security
(Instr. 5)
9. Number of derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) 10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) 11. Nature of Indirect Beneficial Ownership (Instr. 4)
Code V (A) (D) Date Exercisable Expiration Date Title Amount or Number of Shares

Explanation of Responses:
(1)  Retainer granted in the form of stock equivalent units payable in whole shares of common stock following termination of a reporting person's service as director and fractional units are payable at such time in cash.
(2)  Of the 590.909 stock equivalent units, 492.424 were granted at a price of $66.00 per unit in lieu of the reporting person's quarterly cash retainer, and 98.485 were granted at no cost to the reporting person as a 20% premium on the amount of such retainer.
(3)  Includes 392.616 stock equivalent units acquired pursuant to the reinvestment of dividend equivalents.

Reporting Owners
Reporting Owner Name / Address
Relationships
Director 10% Owner Officer Other
OBRIEN RICHARD T
414 NICOLLET MALL
MINNEAPOLIS, MN 55401
X



Signatures
Gioia M. Gentile, Attorney in Fact for Richard T. O'Brien 3/30/2021
**Signature of Reporting Person Date