7,855 Shares in Xcel Energy Inc. $XEL Purchased by Laraway Financial Advisors Inc

Laraway Financial Advisors Inc acquired a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm acquired 7,855 shares of the company’s stock, valued at approximately $631,000.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Evolution Wealth Management Inc. grew its position in Xcel Energy by 365.3% in the 1st quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock worth $28,000 after purchasing an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC bought a new stake in shares of Xcel Energy during the fourth quarter valued at approximately $30,000. Pittenger & Anderson Inc. raised its holdings in shares of Xcel Energy by 73.8% during the fourth quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock valued at $35,000 after buying an additional 200 shares during the last quarter. Cedar Mountain Advisors LLC acquired a new position in shares of Xcel Energy during the first quarter worth approximately $39,000. Finally, Measured Wealth Private Client Group LLC acquired a new position in shares of Xcel Energy during the third quarter worth approximately $42,000. 78.38% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently issued reports on the company. Morgan Stanley set a $89.00 price objective on Xcel Energy in a report on Wednesday, June 24th. BMO Capital Markets reduced their price target on Xcel Energy from $95.00 to $92.00 and set an “outperform” rating for the company in a research report on Wednesday, July 22nd. KeyCorp reiterated an “overweight” rating on shares of Xcel Energy in a research report on Monday, June 8th. New Street Research set a $91.00 price target on Xcel Energy in a research note on Tuesday, June 23rd. Finally, BTIG Research reissued a “buy” rating and set a $99.00 price target on shares of Xcel Energy in a report on Friday, July 31st. Two investment analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has given a Sell rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Buy” and an average target price of $92.41.

Xcel Energy Trading Up 0.2%

Shares of NASDAQ:XEL opened at $79.17 on Friday. The company has a 50 day moving average of $79.32 and a 200-day moving average of $79.61. The firm has a market cap of $49.45 billion, a P/E ratio of 21.69, a P/E/G ratio of 2.05 and a beta of 0.39. Xcel Energy Inc. has a twelve month low of $69.16 and a twelve month high of $84.23. The company has a current ratio of 0.70, a quick ratio of 0.62 and a debt-to-equity ratio of 1.49.

Xcel Energy (NASDAQ:XEL) last posted its quarterly earnings data on Thursday, July 30th. The company reported $0.93 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.79 by $0.14. Xcel Energy had a net margin of 15.28% and a return on equity of 10.65%. The business had revenue of $3.12 billion during the quarter, compared to analysts’ expectations of $3.54 billion. During the same period last year, the firm posted $1.59 earnings per share. The business’s revenue was down 5.1% on a year-over-year basis. As a group, analysts anticipate that Xcel Energy Inc. will post 4.11 earnings per share for the current fiscal year.

Xcel Energy Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, October 20th. Shareholders of record on Tuesday, September 15th will be given a $0.5925 dividend. This represents a $2.37 dividend on an annualized basis and a yield of 3.0%. The ex-dividend date is Tuesday, September 15th. Xcel Energy’s dividend payout ratio is 64.93%.

Xcel Energy Company Profile

Xcel Energy (NASDAQ: XEL) is a Minneapolis-based, publicly traded utility holding company that develops, owns and operates regulated electricity and natural gas delivery systems. The company’s core activities include generation, transmission and distribution of electricity, the delivery of natural gas to customers, and related customer service operations. Xcel provides a mix of utility services to residential, commercial and industrial customers and participates in wholesale energy markets where appropriate.

Its generation portfolio combines nuclear, natural gas, coal and a growing share of renewable resources such as wind and solar.