There's an old saying on Wall Street about insider buying: there are many possible reasons to sell a stock, but only one reason to buy. Back on September 5, Xcel Energy, Inc.'s Director, Daniel Yohannes, invested $49,530.00 into 1,000 shares of XEL, for a cost per share of $49.53. Bargain hunters tend to pay particular attention to insider buys like this one, because presumably the only reason an insider would take their hard-earned cash and use it to buy stock of their company in the open market, is that they expect to make money. In trading on Tuesday, bargain hunters could buy shares of Xcel Energy, Inc. (Symbol: XEL) and achieve a cost basis even cheaper than Yohannes, with shares changing hands as low as $49.31 per share. Xcel Energy, Inc. shares are currently trading down about 1.8% on the day. The chart below shows the one year performance of XEL shares, versus its 200 day moving average:
Looking at the chart above, XEL's low point in its 52 week range is $38.00 per share, with $50.56 as the 52 week high point - that compares with a last trade of $49.60. By comparison, below is a table showing the prices at which XEL insider buying was recorded over the last six months:
The current annualized dividend paid by Xcel Energy, Inc. is $1.44/share, currently paid in quarterly installments, and its most recent dividend has an upcoming ex-date of 09/14/2017. Below is a long-term dividend history chart for XEL, which can be of good help in judging whether the most recent dividend with approx. 2.9% annualized yield is likely to continue.
XEL makes up 6.20% of the Uranium+Nuclear Energy ETF (Symbol: NLR)