Xcel Energy (NYSE:XEL) has climbed 0.23% in the past week and advanced 5.88% in the last 4 weeks. In the past week, the company has outperformed the S&P 500 by 1.44% and the outperformance has advanced to 4.91% for the last 4 weeks period.
Xcel Energy (NYSE:XEL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $42.79 and $42.38 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $42.95. The buying momentum continued till the end and the stock did not give up its gains. It closed at $42.85, notching a gain of 0.05% for the day. The total traded volume was 3,972,622 . The stock had closed at $42.83 on the previous day.
The company shares have rallied 31.04% from its 1 Year high price. On Jun 13, 2016, the shares registered one year high at $42.98 and the one year low was seen on Jun 26, 2015. The 50-Day Moving Average price is $41.40 and the 200 Day Moving Average price is recorded at $39.26.
On the companys insider trading activities, Eves David L, officer (President, PSCO) of Xcel Energy Inc, unloaded 6,698 shares at an average price of $35.57 on November 3, 2015. The total amount of the transaction was worth $238,248, according to the disclosed information with the Securities and Exchange Commission in a Form 4 filing.
Many analysts have stated their opinion on the company shares. In a research note released to the investors, JP Morgan upgrades its rating on Xcel Energy (NYSE:XEL).The analysts at the brokerage house have a current rating of Overweight on the shares. Earlier, the shares were rated a Neutral by the brokerage firm. In a recent information released to the investors, JP Morgan raises the new price target from $39 per share to $47 per share. The rating by the firm was issued on June 16, 2016. Currently the company Insiders own 0.2% of Xcel Energy shares according to the proxy statements. Institutional Investors own 72.5% of Xcel Energy shares.
Xcel Energy Inc. is a public utility holding company. The Companys operations include the activity of four wholly owned utility subsidiaries that serve electric and natural gas customers in eight states. These utility subsidiaries are NSP-Minnesota NSP-Wisconsin, Public Service Company of Colorado (PSCo) and Southwestern Public Service Co. (SPS) and serve customers in portions of Colorado, Michigan, Minnesota, New Mexico, North Dakota, South Dakota, Texas and Wisconsin. Its segments include regulated electric utility, regulated natural gas utility and all other. The regulated electric utility segment generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. Regulated electric utility also includes commodity trading operations. The regulated natural gas utility segment transports, stores and distributes natural gas primarily in portions of Minnesota, Wisconsin, North Dakota, Michigan and Colorado.