Large Inflow of Money Detected in Xcel Energy

Xcel Energy (XEL) : Wednesdays money flow data in Xcel Energy (XEL) suggests that the bulls made the most of the weakness in the stock. The inflow of money into the stock on upticks was $19.32 million, whereas, $12.86 million worth of transactions were done on downticks. The ratio between the two, uptick and downtick stood at 1.5, in favor of the bulls. The total money flow into the stock was $6.46 million clearly indicating that the smart money has been buying into the stock on weakness.

In comparison, the money flow in block deals was $6.68 million. The total value of block trades done on upticks was $7.55 million. The value of bearish trades on downticks was only $0.87 million.The up/down ratio in the block trades was a healthy 8.64 in favor of the bulls, suggesting strong buying in the stock by large traders. Xcel Energy (XEL) fell $0.18 and traded at $43.61, down -0.41% for the day, over previous days close. On a weekly basis, the shares are -0.32% over the previous weeks close.


Also, In the latest statement by the brokerage house, JP Morgan upgrades its outlook on Xcel Energy (NYSE:XEL). The current rating of the shares is Overweight, according to the research report released by the firm. Previously, the company had a rating of Neutral. The brokerage firm raises the price target from $39 per share to $47 per share. The rating by the firm was issued on June 16, 2016.

Xcel Energy (NYSE:XEL): The stock opened at $43.83 on Wednesday but the bulls could not build on the opening and the stock topped out at $43.91 for the day. The stock traded down to $43.49 during the day, due to lack of any buying support eventually closed down at $43.61 with a loss of -0.41% for the day. The stock had closed at $43.79 on the previous day. The total traded volume was 2,532,116 shares.

The stock has recorded a 20-day Moving Average of 0.75% and the 50-Day Moving Average is 2.91%. In a related news, The Securities and Exchange Commission has divulged that Eves David L, officer (President, PSCO) of Xcel Energy Inc, had unloaded 6,698 shares at an average price of $35.57 in a transaction dated on November 3, 2015. The total value of the transaction was worth $238,248.

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.

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