Exelon Corp. (EXC) Trading Down 2.5%
Exelon Corp. (NYSE:EXC) fell 2.5% during mid-day trading on Thursday . The company traded as low as $35.58 and last traded at $35.70, with a volume of 4,083,548 shares trading hands. The stock had previously closed at $36.63.
A number of research firms have recently issued reports on EXC. Bank of America Corp. reissued a “hold” rating and issued a $35.00 price target on shares of Exelon Corp. in a research note on Tuesday, May 24th. Deutsche Bank AG restated a “hold” rating and issued a $36.00 price objective on shares of Exelon Corp. in a report on Thursday, May 19th. Zacks Investment Research cut shares of Exelon Corp. from a “buy” rating to a “hold” rating in a report on Wednesday, May 11th. Jefferies Group restated a “buy” rating and issued a $40.00 price objective (up previously from $36.00) on shares of Exelon Corp. in a report on Tuesday, May 10th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and issued a $37.00 price objective (up previously from $34.70) on shares of Exelon Corp. in a report on Monday, April 11th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and eleven have assigned a buy rating to the stock. Exelon Corp. currently has an average rating of “Hold” and a consensus target price of $35.54.
The company has a 50-day moving average price of $34.81 and a 200 day moving average price of $32.93. The stock has a market capitalization of $33.29 billion and a P/E ratio of 18.72.
Exelon Corp. (NYSE:EXC) last posted its quarterly earnings data on Friday, May 6th. The energy giant reported $0.68 earnings per share (EPS) for the quarter, meeting analysts’ consensus estimates of $0.68. During the same quarter in the previous year, the business posted $0.71 EPS. Analysts expect that Exelon Corp. will post $2.50 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Friday, June 10th. Stockholders of record on Friday, May 13th were given a dividend of $0.318 per share. This is a boost from Exelon Corp.’s previous quarterly dividend of $0.31. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date was Wednesday, May 11th.
In other news, Chairman Mayo A. Shattuck III sold 327,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 12th. The shares were sold at an average price of $35.30, for a total transaction of $11,543,100.00. Following the completion of the sale, the chairman now owns 760,938 shares of the company’s stock, valued at $26,861,111.40. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link.
Other institutional investors have added to or reduced their stakes in the company. Sei Investments Co. increased its position in Exelon Corp. by 104.8% in the fourth quarter. Sei Investments Co. now owns 307,746 shares of the energy giant’s stock worth $8,546,000 after buying an additional 157,507 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its position in Exelon Corp. by 85.1% in the fourth quarter. Commerzbank Aktiengesellschaft FI now owns 50,464 shares of the energy giant’s stock worth $1,401,000 after buying an additional 23,196 shares in the last quarter. Profund Advisors LLC increased its position in Exelon Corp. by 2.7% in the fourth quarter. Profund Advisors LLC now owns 65,455 shares of the energy giant’s stock worth $1,818,000 after buying an additional 1,719 shares in the last quarter. ProShare Advisors LLC increased its position in Exelon Corp. by 8.9% in the fourth quarter. ProShare Advisors LLC now owns 215,305 shares of the energy giant’s stock worth $5,979,000 after buying an additional 17,567 shares in the last quarter. Finally, Comerica Bank increased its position in Exelon Corp. by 2.8% in the fourth quarter. Comerica Bank now owns 225,854 shares of the energy giant’s stock worth $6,284,000 after buying an additional 6,194 shares in the last quarter.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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