Sound Income Strategies LLC boosted its stake in shares of Xcel Energy Inc (NYSE:XEL) by 787.3% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 1,402 shares of the utilities provider’s stock after purchasing an additional 1,244 shares during the period. Sound Income Strategies LLC’s holdings in Xcel Energy were worth $69,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. First Hawaiian Bank lifted its position in shares of Xcel Energy by 11.9% in the fourth quarter. First Hawaiian Bank now owns 13,458 shares of the utilities provider’s stock valued at $663,000 after buying an additional 1,428 shares during the last quarter. State of Alaska Department of Revenue lifted its holdings in Xcel Energy by 6.9% during the 4th quarter. State of Alaska Department of Revenue now owns 457,324 shares of the utilities provider’s stock worth $22,531,000 after purchasing an additional 29,400 shares during the last quarter. Moody National Bank Trust Division lifted its holdings in Xcel Energy by 9.1% during the 4th quarter. Moody National Bank Trust Division now owns 3,876 shares of the utilities provider’s stock worth $191,000 after purchasing an additional 322 shares during the last quarter. Chesley Taft & Associates LLC acquired a new stake in Xcel Energy during the 4th quarter worth approximately $202,000. Finally, CenturyLink Investment Management Co lifted its holdings in Xcel Energy by 8.8% during the 4th quarter. CenturyLink Investment Management Co now owns 31,403 shares of the utilities provider’s stock worth $1,547,000 after purchasing an additional 2,549 shares during the last quarter. 73.96% of the stock is owned by hedge funds and other institutional investors.

Xcel Energy stock opened at $49.29 on Friday. Xcel Energy Inc has a one year low of $41.51 and a one year high of $54.11.

Xcel Energy (NYSE:XEL) last posted its quarterly earnings data on Thursday, October 25th. The utilities provider reported $0.96 EPS for the quarter, missing the Zacks’ consensus estimate of $0.98 by ($0.02). The business had revenue of $3.05 billion during the quarter, compared to analysts’ expectations of $3.08 billion.

The business also recently disclosed a quarterly dividend, which will be paid on Sunday, January 20th. Shareholders of record on Friday, December 28th will be paid a dividend of $0.38 per share. The ex-dividend date of this dividend is Thursday, December 27th. This represents a $1.52 dividend on an annualized basis and a yield of 3.08%.

Several research firms recently weighed in on XEL. Morgan Stanley cut Xcel Energy from an “overweight” rating to an “equal weight” rating and dropped their price target for the stock from $52.00 to $50.00 in a report on Friday, September 21st. Mizuho cut Xcel Energy from a “buy” rating to a “neutral” rating and dropped their price target for the stock from $48.50 to $47.00 in a report on Friday, November 2nd. Argus lifted their price target on Xcel Energy from $53.00 to $57.00 and gave the stock a “buy” rating in a report on Wednesday, October 31st. Zacks Investment Research reissued a “buy” rating and set a $57.00 price target on shares of Xcel Energy in a report on Monday, December 31st. Finally, Barclays set a $54.00 price target on Xcel Energy and gave the stock a “buy” rating in a report on Monday, November 19th. Six research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average price target of $49.60.

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About Xcel Energy

Xcel Energy Inc is a public utility holding company. The Company’s operations include the activity of four utility subsidiaries that serve electric and natural gas customers in eight states. The Company’s segments include regulated electric utility, regulated natural gas utility and all other. The Company’s utility subsidiaries include NSP-Minnesota, NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co (SPS), which serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin.

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Institutional Ownership by Quarter for Xcel Energy (NYSE:XEL)

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