Stocks Look To Build On Gains: Pinnacle West Capital Corporation (PNW) and Xcel Energy Inc. (XEL)

On Nov 13, Lockwood Barbara D, VP, Regulation, APS sold 1,750 shares of Pinnacle West Capital Corporation (NYSE: PNW), with the average selling price of the stock being $86.19 per share. The total amount realized from this sold $150,833. A document was filed with the Securities and Exchange Commission to notify the public about the sold of the shares.

In addition to that, Director – GALLAGHER MICHAEL L sold an extra 5,000 shares of this stock in a transaction that took place a day before, on May 13, with a share sold at an average of $95.90 and a total of $479,500 was realized from this transaction. After the transaction, the Director – GALLAGHER MICHAEL L was left with 7,786 shares of the company’s stock, which is currently worth around $746677.4.

The recent price movement of PNW means that it is now down by -7.18% from its 52-week high and 12.40% up against its 52-week low prices. Over the past one week, the price volatility of PNW stands at 1.25% while the volatility over the past one month is 1.16%. The beta score for this stock is 0.05. A beta score below 1 means that the stock has a low volatility while above 1 signifies that a stock is highly volatile at that particular moment, a data that traders use to keep tabs on their investments.

The company on 11/07/2019 published its latest quarterly earnings, with the report showing that the company recorded 0.23 earnings per share (EPS) during that period. This report was above the expectations of analysts of 0.17 by 0.06. The revenue by the firm was 765.78M for the quarter.

The shares of Pinnacle West Capital Corporation (PNW) gained by 0.65%, leading to a gain of $0.6 per share, and saw PNW end the trading session at $92.64 on Wednesday 01/15/20. PNW started the trading session at $92.20, before reaching a daily high of $92.92. It wasn’t able to sustain that growth though and soon jumped to hit a daily low of $92.09.

The trading volume on Wednesday stood at 1034128, which was below the stock’s 3-month average volume of 942.69K shares, out of a total 112.05M shares. As the price of the stock climbed, the market valuation of the company gained to 10.42 billion.

The shares of Xcel Energy Inc. (NASDAQ: XEL) went up by 1.58% by the end of the recent trading session. This movement saw its price surge to close at $64.47, which was higher than the previous closing price of $63.47. Over the past one week, the price of XEL has jumped by 3.32%, while it has recorded a gain of 3.55% over the past one month. Its three-month performance saw XEL gain 2.09% while its six-month performance saw it surge by 5.21%. The situation is different though over the past one year, as the stock price went up by 29.22%, while its year-to-date (YTD) price performance jumped by 1.54%. The stock price has gone up by +8.43% compared to its 90-day low, while it is down -1.03% compared to its 90-day high price.

Let’s take a look at its short, medium and long-term indicators. Composite Indicators shows that Trendspotter rated the stock as a Buy. In the short-term, the stock has a 20-day average volume of 2,993,500 shares, with the short-term indicators averagely rating the stock as a 100% Buy. A look at its medium-term indicators reveals that it has a 50-Day average volume of 3,014,102 shares and the indicators have an average rating of Hold. The last indicators, the long-term see XEL stock with a 100-Day average volume of 3,190,423 shares, giving it an average rating of 100% Buy. A look at the general picture of all short, medium and long-term indicators leaves XEL with an average rating of 72% Buy.

Several brokerage firms sent out their reports XEL stock not long ago. In its report sent out on December 16, 2019, Goldman lowered its ratings on XEL to a Neutral. In an earlier report on September 30, 2019, BofA/Merrill Downgrade the stock from a Neutral to a Underperform. Barclays meanwhile in its report on August 13, 2019 Downgrade its rating of the stock from a “Equal Weight” to “Equal Weight”.

In related news to the company’s stock, around 77.40% shares are being held by institutional investors. In a recent SEC filing, the company revealed that 860 institutions currently hold the XEL stock. In the last quarter, a 407,556,603 XEL shares were in the possession of institutions. On the other hand, the company recorded 72 new institutions who bought it their stock, while 62 institutions sold their entire XEL reserve. Of the current institutions investing in the stock, 348 increased their investment while 332 decreased their investment in the stock.