Investors Buy Shares of Exelon Corp. (EXC) on Weakness
Investors purchased shares of Exelon Corp. (NYSE:EXC) on weakness during trading on Thursday. $52.67 million flowed into the stock on the tick-up and $24.52 million flowed out of the stock on the tick-down, for a money net flow of $28.15 million into the stock. Of all stocks tracked, Exelon Corp. had the 9th highest net in-flow for the day. Exelon Corp. traded down ($0.36) for the day and closed at $36.39
EXC has been the subject of several research analyst reports. Barclays PLC assumed coverage on shares of Exelon Corp. in a research report on Thursday, March 24th. They issued an “overweight” rating and a $39.00 target price for the company. Wolfe Research lowered shares of Exelon Corp. from an “outperform” rating to a “market perform” rating in a report on Thursday, March 24th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $34.00 price target on shares of Exelon Corp. in a report on Sunday, March 27th. Morgan Stanley assumed coverage on shares of Exelon Corp. in a report on Wednesday, April 6th. They issued an “equal weight” rating and a $38.00 price target for the company. Finally, Goldman Sachs Group Inc. reaffirmed a “neutral” rating and issued a $37.00 price target (up from $34.70) on shares of Exelon Corp. in a report on Monday, April 11th. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $35.54.
The company has a 50 day moving average price of $35.18 and a 200-day moving average price of $33.21. The firm has a market cap of $33.64 billion and a price-to-earnings ratio of 18.92.
Exelon Corp. (NYSE:EXC) last posted its earnings results on Friday, May 6th. The energy giant reported $0.68 earnings per share for the quarter, hitting the Zacks’ consensus estimate of $0.68. During the same period last year, the company posted $0.71 EPS. Analysts predict that Exelon Corp. will post $2.50 earnings per share for the current fiscal year.
In other news, Chairman Mayo A. Shattuck III sold 327,000 shares of Exelon Corp. stock in a transaction on Thursday, May 12th. The stock was 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link.
Other hedge funds and institutional investors recently bought and sold shares of the company. 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 during the period. 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 during the period. OppenheimerFunds Inc. bought a new position in Exelon Corp. during the fourth quarter worth approximately $1,821,000. Robeco Institutional Asset Management B.V. increased its position in Exelon Corp. by 46.4% in the fourth quarter. Robeco Institutional Asset Management B.V. now owns 196,767 shares of the energy giant’s stock worth $5,464,000 after buying an additional 62,396 shares during the period. Finally, Vanguard Group Inc. increased its position in Exelon Corp. by 9.0% in the fourth quarter. Vanguard Group Inc. now owns 57,627,572 shares of the energy giant’s stock worth $1,600,318,000 after buying an additional 4,746,984 shares during the period.
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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