Vermillion Wealth Management Inc. Takes $1.09 Million Position in Xcel Energy Inc. (NASDAQ:XEL)

Vermillion Wealth Management Inc. acquired a new position in shares of Xcel Energy Inc. (NASDAQ:XEL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 16,090 shares of the company's stock, valued at approximately $1,086,000. Xcel Energy makes up about 0.6% of Vermillion Wealth Management Inc.'s investment portfolio, making the stock its 27th biggest holding.

A number of other institutional investors and hedge funds have also modified their holdings of XEL. Sierra Ocean LLC acquired a new position in Xcel Energy during the 4th quarter valued at about $26,000. Fairway Wealth LLC bought a new stake in shares of Xcel Energy in the fourth quarter worth $27,000. Crews Bank & Trust bought a new stake in Xcel Energy in the 4th quarter valued at $34,000. Rothschild Investment LLC lifted its holdings in Xcel Energy by 26.0% during the 4th quarter. Rothschild Investment LLC now owns 731 shares of the company's stock valued at $49,000 after purchasing an additional 151 shares during the last quarter. Finally, Itau Unibanco Holding S.A. bought a new position in Xcel Energy during the fourth quarter worth $52,000. 78.38% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the stock. Wall Street Zen lowered shares of Xcel Energy from a "hold" rating to a "sell" rating in a research note on Tuesday, May 20th. BMO Capital Markets boosted their price target on Xcel Energy from $69.00 to $73.00 and gave the company a "market perform" rating in a research note on Wednesday, April 23rd. Barclays lifted their target price on Xcel Energy from $72.00 to $73.00 and gave the stock an "overweight" rating in a report on Tuesday, April 22nd. Morgan Stanley set a $78.00 price objective on shares of Xcel Energy and gave the company an "equal weight" rating in a research note on Thursday, May 22nd. Finally, Wells Fargo & Company set a $78.00 price target on shares of Xcel Energy and gave the company an "overweight" rating in a research report on Friday, April 25th. 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 a consensus rating of "Moderate Buy" and a consensus price target of $75.90.

Insider Buying and Selling at Xcel Energy

In other news, Director Devin W. Stockfish bought 2,170 shares of the stock in a transaction dated Tuesday, March 11th. The shares were acquired at an average price of $68.93 per share, with a total value of $149,578.10. Following the completion of the acquisition, the director now directly owns 3,007 shares in the company, valued at approximately $207,272.51. The trade was a 259.26% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.09% of the stock is currently owned by corporate insiders.

Xcel Energy Stock Up 0.8%

Xcel Energy stock traded up $0.53 during mid-day trading on Friday, reaching $70.00. 763,594 shares of the company were exchanged, compared to its average volume of 3,615,426. Xcel Energy Inc. has a 12-month low of $51.97 and a 12-month high of $73.38. The business has a fifty day moving average of $69.84 and a 200 day moving average of $68.95. The firm has a market cap of $40.37 billion, a P/E ratio of 20.34, a PEG ratio of 2.62 and a beta of 0.38. The company has a debt-to-equity ratio of 1.42, a quick ratio of 0.82 and a current ratio of 0.93.

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

Xcel Energy Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 30th. Investors of record on Friday, June 13th will be given a dividend of $0.57 per share. This represents a $2.28 annualized dividend and a yield of 3.26%. The ex-dividend date is Friday, June 13th. Xcel Energy's payout ratio is currently 67.06%.

Xcel Energy Profile

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.