Watch For Continued Gains In Shares Of Xcel Energy Inc. (XEL)

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Xcel Energy Inc. XEL traded at a new 12-month high today of $74.02. This new high was reached on below average trading volume as 251,000 shares traded hands, while the average 30-day volume is approximately 3.2 million shares.

Xcel Energy manages utilities serving 3.7 million electric customers and 2.1 million natural gas customers in eight states. Its utilities are Northern States Power, which serves customers in Minnesota, North Dakota, South Dakota, Wisconsin, and Michigan; Public Service Company of Colorado; and Southwestern Public Service Company, which serves customers in Texas and New Mexico. It is one of the largest renewable energy providers in the U.S. with one third of its electricity sales coming from renewable energy.

Xcel Energy Inc. is currently priced 1.4% above its average consensus analyst price target of $72.82.

In the past 12 months, shares of Xcel Energy Inc. have traded between a low of $61.16 and a high of $74.02 and are now at $73.85, which is 21% above that low price.

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This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice.