Xcel Energy Inc. (XEL)’s Stock Insider Trade – Benjamin Fowke Unloaded 80,000 Shares; PC Connection (CNXN) SI Decreased By 2.81%

Xcel Energy Inc. (NASDAQ:XEL) Logo

PC Connection Inc (NASDAQ:CNXN) had a decrease of 2.81% in short interest. CNXN’s SI was 300,600 shares in May as released by FINRA. Its down 2.81% from 309,300 shares previously. With 79,200 avg volume, 4 days are for PC Connection Inc (NASDAQ:CNXN)’s short sellers to cover CNXN’s short positions. The SI to PC Connection Inc’s float is 2.61%. The stock increased 1.42% or $0.38 during the last trading session, reaching $27.07. About 32,613 shares traded. PC Connection, Inc. (NASDAQ:CNXN) has declined 10.95% since May 1, 2017 and is downtrending. It has underperformed by 22.50% the S&P500.

PC Connection, Inc., together with its subsidiaries, provides a range of information technology solutions. The company has market cap of $722.50 million. The firm operates through three divisions: SMB, Large Account, and Public Sector. It has a 13.27 P/E ratio. It offers IT products, such as computer systems, software and peripheral equipment, networking communications, and other products and accessories.

The stock decreased 0.41% or $0.19 during the last trading session, reaching $46.65. About 2.02 million shares traded. Xcel Energy Inc. (NASDAQ:XEL) has risen 0.76% since May 1, 2017 and is uptrending. It has underperformed by 10.79% the S&P500.

Benjamin Fowke, Chairman – President and CEO of Xcel Energy Inc, in an insider legal trading deal unloaded 80,000 shares whose sum is estimated to be $3,761,000 at average stock price of $47.0. This sale was reported on May 01, 2018 and is already filed with the Security and Exchange Commission. The legal report is obtainable for free to the public here. Being a significant transaction, it will very likely not go disregarded. Benjamin Fowke currently possess 0.13% of the Company’s total market capitalization with ownership of 663,599 shares. 

Xcel Energy Inc., through its subsidiaries, engages primarily in the generation, purchase, transmission, distribution, and sale of electricity in the United States. The company has market cap of $23.74 billion. It operates through Regulated Electric Utility, Regulated Natural Gas Utility, and All Other divisions. It has a 20.73 P/E ratio. The firm generates electricity through coal, nuclear, natural gas, hydroelectric, solar, biomass, oil and refuse, and wind energy sources.

PC Connection, Inc. (NASDAQ:CNXN) Institutional Positions Chart