The EVP, Grp Pres, Utilities & CAO of Xcel Energy (NYSE: XEL) is Selling Shares

By Carrie Williams

Today, the EVP, Grp Pres, Utilities & CAO of Xcel Energy (NYSE: XEL), Marvin Mcdaniel, sold shares of XEL for $264.3K.

Following Marvin Mcdaniel’s last XEL Sell transaction on August 30, 2016, the stock climbed by 11.5%. In addition to Marvin Mcdaniel, one other XEL executive reported Sell trades in the last month.

The company has a one-year high of $52.22 and a one-year low of $38.83. XEL’s market cap is $25.94B and the company has a P/E ratio of 21.83. Currently, Xcel Energy has an average volume of 510.3K.

Three different firms, including Merrill Lynch and Goldman Sachs, currently also have a Sell rating on the stock. Based on 5 analyst ratings, the analyst consensus is Hold with an average price target of $50.13, reflecting a 1.9% upside.

The insider sentiment on Xcel Energy has been negative according to 34 insider trades in the past three months. This sentiment is lower than the average sentiment of company insiders in this sector.

Company insider trades are published daily on the SEC (Securities and Exchange Commission). DailyInsider’s proprietary algorithm analyzes these trades and selects the most attractive stocks based on influential insider trades each day. To subscribe to the DailyInsider visit this page.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.