16,090 Shares in Xcel Energy Inc. (NASDAQ:XEL) Acquired by Vermillion Wealth Management Inc.

Vermillion Wealth Management Inc. acquired a new position in Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm acquired 16,090 shares of the company's stock, valued at approximately $1,086,000. Xcel Energy makes up 0.6% of Vermillion Wealth Management Inc.'s holdings, making the stock its 27th largest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Bank of America Corp DE lifted its stake in Xcel Energy by 43.6% in the fourth quarter. Bank of America Corp DE now owns 20,762,745 shares of the company's stock worth $1,401,901,000 after purchasing an additional 6,306,380 shares during the last quarter. FMR LLC grew its holdings in Xcel Energy by 118.3% in the fourth quarter. FMR LLC now owns 6,608,044 shares of the company's stock worth $446,175,000 after purchasing an additional 3,581,436 shares during the period. Zimmer Partners LP increased its position in Xcel Energy by 1,625.7% during the 4th quarter. Zimmer Partners LP now owns 3,667,200 shares of the company's stock valued at $247,609,000 after buying an additional 3,454,700 shares in the last quarter. Pictet Asset Management Holding SA increased its holdings in shares of Xcel Energy by 236.7% during the fourth quarter. Pictet Asset Management Holding SA now owns 4,878,279 shares of the company's stock valued at $329,381,000 after acquiring an additional 3,429,353 shares in the last quarter. Finally, Janus Henderson Group PLC increased its stake in Xcel Energy by 379.3% during the 4th quarter. Janus Henderson Group PLC now owns 4,022,085 shares of the company's stock valued at $271,578,000 after purchasing an additional 3,182,939 shares in the last quarter. Hedge funds and other institutional investors own 78.38% of the company's stock.

Insiders Place Their Bets

In related news, Director Devin W. Stockfish bought 2,170 shares of the company's stock in a transaction on Tuesday, March 11th. The shares were acquired at an average cost of $68.93 per share, for a total transaction of $149,578.10. Following the purchase, the director now directly owns 3,007 shares of the company's stock, valued at approximately $207,272.51. The trade was a 259.26% increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.09% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on XEL shares. Barclays boosted their price target on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a research note on Tuesday, April 22nd. Wells Fargo & Company set a $78.00 price target on Xcel Energy and gave the company an "overweight" rating in a report on Friday, April 25th. BMO Capital Markets increased their price objective on shares of Xcel Energy from $69.00 to $73.00 and gave the stock a "market perform" rating in a research note on Wednesday, April 23rd. Evercore ISI lifted their target price on Xcel Energy from $74.00 to $77.00 and gave the company an "outperform" rating in a research note on Monday, April 28th. Finally, UBS Group boosted their price target on shares of Xcel Energy from $73.00 to $77.00 and gave the stock a "neutral" rating in a research note on Tuesday, April 1st. One analyst has rated the stock with a sell rating, three have assigned a hold rating and seven have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $75.90.

Xcel Energy Trading Down 1.3%

Shares of XEL traded down $0.88 during midday trading on Wednesday, hitting $68.93. The stock had a trading volume of 2,425,599 shares, compared to its average volume of 3,631,437. The firm has a market cap of $39.76 billion, a PE ratio of 20.04, a price-to-earnings-growth ratio of 2.62 and a beta of 0.38. Xcel Energy Inc. has a 1 year low of $51.97 and a 1 year high of $73.38. The stock's 50 day moving average is $69.84 and its 200 day moving average is $68.94. The company has a debt-to-equity ratio of 1.42, a current ratio of 0.93 and a quick ratio of 0.82.

Xcel Energy (NASDAQ:XEL - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $0.84 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.95 by ($0.11). The firm had revenue of $3.91 billion during the quarter, compared to the consensus estimate of $3.93 billion. Xcel Energy had a return on equity of 10.65% and a net margin of 14.40%. The firm's revenue for the quarter was up 7.0% on a year-over-year basis. During the same period in the previous year, the business earned $0.88 EPS. As a group, analysts forecast that Xcel Energy Inc. will post 3.82 EPS for the current fiscal year.

Xcel Energy Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Shareholders of record on Friday, June 13th will be given a $0.57 dividend. This represents a $2.28 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Friday, June 13th. Xcel Energy's dividend payout ratio (DPR) is presently 67.06%.

About Xcel Energy

Xcel Energy Inc, through its subsidiaries, engages in the generation, purchasing, transmission, distribution, and sale of electricity. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other segments. The company generates electricity through wind, nuclear, hydroelectric, biomass, and solar energy sources, as well as coal, natural gas, oil, wood, and refuse-derived fuels.