The President of Xcel Energy (NYSE: XEL) is Selling Shares

By Carrie Williams

Today, the President of Xcel Energy (NYSE: XEL), David Eves, sold shares of XEL for $405.7K.

Following David Eves’ last XEL Sell transaction on November 05, 2015, the stock climbed by 6.2%.

The company has a one year high of $45.42 and a one year low of $34.33. XEL’s market cap is $20.5B and the company has a P/E ratio of 18.96. Currently, Xcel Energy has an average volume of 1.94M.

Based on 6 analyst ratings, the analyst consensus is Moderate Buy with an average price target of $45.25, reflecting a -9.1% downside. Three different firms, including Goldman Sachs and J.P. Morgan, currently also have a Sell rating on the stock.

The insider sentiment on Xcel Energy has been negative according to 19 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Xcel Energy, Inc. operates as a holding company, which engages in the generation, purchase, transmission, distribution and sale of electricity and natural gas business through its subsidiaries. It operates through the following 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 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 primarily includes 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.