Sound Income Strategies LLC Has $180,000 Position in Xcel Energy Inc. (NASDAQ:XEL)

Sound Income Strategies LLC increased its stake in shares of Xcel Energy Inc. (NASDAQ:XEL) by 25.9% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,754 shares of the company’s stock after acquiring an additional 566 shares during the period. Sound Income Strategies LLC’s holdings in Xcel Energy were worth $180,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in XEL. Gateway Wealth Partners LLC raised its holdings in Xcel Energy by 4.3% during the second quarter. Gateway Wealth Partners LLC now owns 4,413 shares of the company’s stock worth $236,000 after acquiring an additional 182 shares in the last quarter. Epiq Partners LLC boosted its position in Xcel Energy by 0.7% during the first quarter. Epiq Partners LLC now owns 29,072 shares of the company’s stock worth $1,563,000 after purchasing an additional 202 shares during the period. Avantax Advisory Services Inc. increased its holdings in shares of Xcel Energy by 1.3% in the first quarter. Avantax Advisory Services Inc. now owns 16,054 shares of the company’s stock valued at $863,000 after purchasing an additional 212 shares during the last quarter. Chicago Partners Investment Group LLC raised its position in shares of Xcel Energy by 3.7% in the fourth quarter. Chicago Partners Investment Group LLC now owns 6,249 shares of the company’s stock valued at $364,000 after purchasing an additional 222 shares during the period. Finally, Brookstone Capital Management raised its holdings in Xcel Energy by 4.3% in the 3rd quarter. Brookstone Capital Management now owns 5,723 shares of the company’s stock valued at $374,000 after acquiring an additional 238 shares during the period. 78.38% of the stock is owned by institutional investors.

Xcel Energy Stock Performance

NASDAQ XEL opened at $62.31 on Monday. The company has a debt-to-equity ratio of 1.54, a quick ratio of 0.86 and a current ratio of 0.97. The company has a market capitalization of $34.62 billion, a P/E ratio of 18.71, a P/E/G ratio of 2.75 and a beta of 0.39. The company has a fifty day moving average of $62.06 and a 200-day moving average of $57.21. Xcel Energy Inc. has a 52-week low of $46.79 and a 52-week high of $65.64.

Xcel Energy (NASDAQ:XEL) last released its quarterly earnings data on Thursday, August 1st. The company reported $0.54 EPS for the quarter, missing the consensus estimate of $0.57 by ($0.03). The company had revenue of $3.03 billion during the quarter, compared to analysts’ expectations of $3.29 billion. Xcel Energy had a return on equity of 10.94% and a net margin of 13.46%. The firm’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.52 EPS. As a group, equities research analysts predict that Xcel Energy Inc. will post 3.55 EPS for the current fiscal year.

Xcel Energy Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Sunday, October 20th. Shareholders of record on Friday, September 13th will be issued a dividend of $0.548 per share. This is an increase from Xcel Energy’s previous quarterly dividend of $0.55. The ex-dividend date of this dividend is Friday, September 13th. This represents a $2.19 dividend on an annualized basis and a dividend yield of 3.52%. Xcel Energy’s dividend payout ratio is 65.77%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. UBS Group raised their target price on shares of Xcel Energy from $66.00 to $67.00 and gave the stock a “neutral” rating in a report on Friday, September 20th. KeyCorp raised their target price on Xcel Energy from $66.00 to $69.00 and gave the company an “overweight” rating in a report on Monday, September 30th. Morgan Stanley boosted their price target on Xcel Energy from $68.00 to $73.00 and gave the stock an “equal weight” rating in a report on Wednesday, September 25th. Jefferies Financial Group assumed coverage on shares of Xcel Energy in a research report on Thursday, September 19th. They set a “hold” rating and a $70.00 price objective for the company. Finally, Wells Fargo & Company raised their price target on shares of Xcel Energy from $57.00 to $63.00 and gave the company an “equal weight” rating in a research note on Friday, August 2nd. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $64.36.

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.