Xcel Energy Inc. (NASDAQ:XEL) recovered 38.91% of its value since hitting low of $43.25. The recent move of 0.33% gain helped the stock to close at $60.08 when trading ended on 6/18/2019. At a recent session, the prices were hovering between $59.615 and $60.4. This company shares are -5.83% up from its target price of $56.58 and the current market capitalization stands at $30.94B. The recent change has given its price a 5.18% lead over SMA 50 and -0.79% deficit over its 52-week high. The stock witnessed 3.21% gains, 7.94% gains and 13.06% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found XEL’s volatility during a week at 1.34% and during a month it has been found around 1.49%.
What Does Xcel Energy Inc. (XEL) Do?
The company describes itself in regulatory filings as, “Xcel Energy, Inc. operates as a holding company, which engages in the generation, purchase, transmission, distribution and sale of electricity. It operates through the following three segments: Regulated Electric Utility, Regulated Natural Gas Utility and All Others. The Regulated Electric Utility segment generates, transmits and distributes electricity primarily in portions of generates, transmits and distributes electricity in Minnesota, Wisconsin, Michigan, North Dakota, South Dakota, Colorado, Texas and New Mexico. In addition, this segment includes sales for resale and provides wholesale transmission service to various entities in the United States. It 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. The All Others segment engages in steam, appliance repair services, nonutility real estate activities, processing solid waste into refuse-derived fuel and investments in rental housing projects that qualify for low-income housing tax credits. The company was founded in 1909 and is headquartered in Minneapolis, MN.” [Text can be found here: https://www.marketwatch.com/investing/stock/XEL/profile under company description.]Xcel Energy Inc. (XEL) Top Holders
Institutional investors currently hold around $23.74 billion or 78.4% in XEL stock. Look at its top three institutional owners: Blackrock Inc. owns $2.86 billion in Xcel Energy Inc., which represents roughly 9.25% of the company’s market cap and approximately 12.05% of the institutional ownership. Similar statistics are true for the second largest owner, Vanguard Group Inc, which owns 46,027,705 shares of the stock are valued at $2.76 billion. The third largest holder is Jpmorgan Chase & Co, which currently holds $2.34 billion worth of this stock and that ownership represents nearly 7.57% of its market capitalization.
At the end of March reporting period, 358 institutional holders increased their position in Xcel Energy Inc. (NASDAQ:XEL) by some 24,233,794 shares, 311 decreased positions by 20,040,502 and 163 held positions by 352,242,771. That puts total institutional holdings at 396,517,067 shares, according to SEC filings. The stock grabbed 84 new institutional investments totaling 3,352,375 shares while 54 institutional investors sold out their entire positions totaling 2,532,777 shares.Xcel Energy Inc. (NASDAQ:XEL) Insider Trades
Multiple company employees have indulged in significant insider trading. Xcel Energy Inc. disclosed in a document filed with the US Securities and Exchange Commission (SEC) that EVP, CFO Frenzel Robert has sold 4,400 shares of Xcel Energy Inc. (XEL) in the trading session dated Jun. 11, 2019. These shares are worth $257,840 and were traded at $58.6 each. The SEC filing shows that FOWKE BENJAMIN G S III performed a sale of 50,000 shares. The Chairman, President and CEO disposed these shares by way of transaction on Jun. 07, 2019. The company’s shares were given away at $59.81 per share worth to an income of some $2,990,500 to the account of FOWKE BENJAMIN G S III.
EVP and Group President Utilit, Eves David L, sold 10,000 common shares of Xcel Energy Inc. (XEL) in the open market. In a transaction dated May. 30, 2019, the shares were put up for sale at an average price of $57.23, raking in a sum of $572,300. After this sale, 66,766 common shares of XEL are directly owned by the insider, with total stake valued at $4,011,281.
In the transaction dated May. 20, 2019, a great number of shares sold came courtesy the EVP, Group Pres, Operations; Larson Kent T disposed a total of 5,000 shares at an average price of $58.43, amounting to approximately $292,150. The insider now directly owns 104,193 shares worth $6,259,908.Xcel Energy Inc. (XEL) Analyst Guide
Several analysts have released their opinion on Xcel Energy Inc. (NASDAQ:XEL), with 2 analysts believing it is a strong buy. Whereas 10 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.53 average brokerage recommendation [T1].