Laraway Financial Advisors Inc Invests $631,000 in Xcel Energy Inc. $XEL

Laraway Financial Advisors Inc bought a new stake in Xcel Energy Inc. (NASDAQ:XEL) during the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 7,855 shares of the company’s stock, valued at approximately $631,000.

Several other large investors have also modified their holdings of XEL. Evolution Wealth Management Inc. increased its holdings in Xcel Energy by 365.3% in the first quarter. Evolution Wealth Management Inc. now owns 349 shares of the company’s stock valued at $28,000 after buying an additional 274 shares during the last quarter. Garton & Associates Financial Advisors LLC acquired a new stake in Xcel Energy during the fourth quarter valued at approximately $30,000. Pittenger & Anderson Inc. lifted its holdings in Xcel Energy by 73.8% during the 4th quarter. Pittenger & Anderson Inc. now owns 471 shares of the company’s stock worth $35,000 after buying an additional 200 shares during the last quarter. Advocate Investing Services LLC bought a new position in Xcel Energy during the 4th quarter worth approximately $38,000. Finally, Cedar Mountain Advisors LLC acquired a new position in shares of Xcel Energy in the 1st quarter worth approximately $39,000. Institutional investors own 78.38% of the company’s stock.

Xcel Energy Stock Performance

Shares of XEL stock opened at $79.17 on Friday. The company has a quick ratio of 0.62, a current ratio of 0.70 and a debt-to-equity ratio of 1.49. The business has a 50 day moving average of $79.32 and a two-hundred day moving average of $79.61. Xcel Energy Inc. has a 52 week low of $69.16 and a 52 week high of $84.23. The company has a market cap of $49.45 billion, a P/E ratio of 21.69, a PEG ratio of 2.05 and a beta of 0.39.

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

Xcel Energy Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, October 20th. Investors of record on Tuesday, September 15th will be paid a dividend of $0.5925 per share. 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 presently 64.93%.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on XEL. Evercore reiterated an “outperform” rating and issued a $96.00 price target on shares of Xcel Energy in a report on Monday, May 4th. Weiss Ratings restated a “buy (b-)” rating on shares of Xcel Energy in a research note on Wednesday, June 17th. Barclays raised their price objective on Xcel Energy from $87.00 to $90.00 and gave the stock an “overweight” rating in a research note on Thursday, July 9th. New Street Research set a $91.00 price objective on shares of Xcel Energy in a report on Tuesday, June 23rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of Xcel Energy from $91.00 to $102.00 and gave the company an “overweight” rating in a research note on Thursday, July 16th. Two research analysts have rated the stock with a Strong Buy rating, fourteen have assigned a Buy rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Buy” and a consensus target price of $92.41.

Xcel Energy 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.