Traders Sell Exelon Corp. (EXC) on Strength (EXC)
Traders sold shares of Exelon Corp. (NYSE:EXC) on strength during trading on Thursday. $13.34 million flowed into the stock on the tick-up and $27.29 million flowed out of the stock on the tick-down, for a money net flow of $13.95 million out of the stock. Of all equities tracked, Exelon Corp. had the 0th highest net out-flow for the day. Exelon Corp. traded up $0.27 for the day and closed at $36.86
Several research firms recently weighed in on EXC. Deutsche Bank AG upgraded Exelon Corp. from a “hold” rating to a “buy” rating and upped their price target for the stock from $36.00 to $39.00 in a research note on Friday, July 22nd. Zacks Investment Research raised Exelon Corp. from a “sell” rating to a “buy” rating and set a $39.00 price objective on the stock in a research report on Tuesday, May 10th. Jefferies Group reaffirmed a “buy” rating and issued a $40.00 price objective (up from $36.00) on shares of Exelon Corp. in a research report on Tuesday, May 10th. Bank of America Corp. reaffirmed a “hold” rating and issued a $35.00 price objective on shares of Exelon Corp. in a research report on Tuesday, May 24th. Finally, Morgan Stanley initiated coverage on Exelon Corp. in a research report on Wednesday, April 6th. They issued an “equal weight” rating and a $38.00 price objective on the stock. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have issued a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $35.85.
The company has a 50-day moving average price of $35.77 and a 200 day moving average price of $33.81. The company has a market cap of $34.37 billion and a P/E ratio of 19.33.
Exelon Corp. (NYSE:EXC) last released its quarterly earnings results on Friday, May 6th. The energy giant reported $0.68 earnings per share (EPS) for the quarter, hitting the Thomson Reuters’ consensus estimate of $0.68. During the same quarter in the previous year, the business earned $0.71 earnings per share. Equities analysts anticipate that Exelon Corp. will post $2.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Monday, August 15th will be issued a $0.318 dividend. This represents a $1.27 annualized dividend and a yield of 3.41%. The ex-dividend date of this dividend is Thursday, August 11th.
In other Exelon Corp. news, Chairman Mayo A. Shattuck III sold 327,000 shares of Exelon Corp. stock in a transaction on Thursday, May 12th. The shares were sold at an average price of $35.30, for a total value of $11,543,100.00. Following the transaction, the chairman now directly 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 is available through the SEC website. Also, CEO Kenneth W. Cornew sold 30,000 shares of Exelon Corp. stock in a transaction on Friday, July 15th. The stock was sold at an average price of $36.47, for a total transaction of $1,094,100.00. Following the completion of the transaction, the chief executive officer now directly owns 32,844 shares in the company, valued at $1,197,820.68. The disclosure for this sale can be found here.
A number of institutional investors have recently added to or reduced their stakes in the company. ARGI Investment Services LLC raised its position in Exelon Corp. by 246.9% in the fourth quarter. ARGI Investment Services LLC now owns 39,895 shares of the energy giant’s stock valued at $1,108,000 after buying an additional 28,395 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS raised its stake in shares of Exelon Corp. by 8.5% in the fourth quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 60,080 shares of the energy giant’s stock worth $1,668,000 after buying an additional 4,721 shares during the period. Schroder Investment Management Group bought a new stake in shares of Exelon Corp. during the fourth quarter worth $1,728,000. OppenheimerFunds Inc. bought a new stake in shares of Exelon Corp. during the fourth quarter worth $1,821,000. Finally, Victory Capital Management Inc. raised its stake in shares of Exelon Corp. by 43.7% in the fourth quarter. Victory Capital Management Inc. now owns 74,739 shares of the energy giant’s stock worth $2,076,000 after buying an additional 22,720 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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