Xcel Energy At 52-Week High On Green Projects, Investments
Zacks Investment Research | Jun 30, 2016 08:51AM ET
Shares of Xcel Energy Inc. (NYSE:XEL) rallied to a new 52-week high of $44.11 during yesterday’s trading session, before closing a tad lower at $43.85. Minneapolis, MN-based Xcel Energy is a utility holding company which, together with its subsidiaries, supplies natural gas and electricity across the U.S. The stock has delivered a one-year return of about 41.2%.
Over the past 52 weeks, Xcel Energy’s shares have ranged from a low of $32.02 on Jun 30, 2015 to a high of $44.11 on Jun 29, 2016. The average volume of shares traded over the last three months is approximately 3.2 million.
What’s Driving the Stock?
The long-term investment plans of the company will strengthen its operations and help it to serve its expanding customer base in a more reliable and efficient manner. The company is also benefitting from improving economic conditions in its service territories.
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