Xcel Energy (XEL) has risen sharply, recording gains of 2.1% in the past 4 weeks. However, the stock has corrected -1.88% in the past 1 week, providing a good buying opportunity on dips. Xcel Energy (XEL) : During the past 4 weeks, traders have been relatively bearish on Xcel Energy (XEL), hence the stock is down -2.18% when compared to the S&P 500 during the same period. However, in the past 1 week, the selling of the stock is down by -3.33% relative to the S&P 500. The stock has recorded a 20-day Moving Average of 0.09% and the 50-Day Moving Average is 3.73%.
Xcel Energy (NYSE:XEL): During Fridays trading session, Bulls were in full control of the stock right from the opening. The stock opened at $43.67 and $43.54 proved to be the low of the day. Continuous buying at higher levels pushed the stock towards an intraday high of $43.97. The buying momentum continued till the end and the stock did not give up its gains. It closed at $43.75, notching a gain of 0.32% for the day. The total traded volume was 3,380,609 . The stock had closed at $43.61 on the previous day.
The company Insiders own 0.2% of Xcel Energy shares according to the proxy statements. Institutional Investors own 72.27% of Xcel Energy shares. 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.