Exelon Corp. (EXC) Shares Gap Up to $36.46
Shares of Exelon Corp. (NYSE:EXC) gapped up prior to trading on Friday . The stock had previously closed at $36.38, but opened at $36.46. Exelon Corp. shares last traded at $37.39, with a volume of 2,956,913 shares.
Several research firms have recently issued reports on EXC. Zacks Investment Research lowered shares of Exelon Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Citigroup Inc. increased their price target on shares of Exelon Corp. from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Wednesday. Deutsche Bank AG upgraded shares of Exelon Corp. from a “hold” rating to a “buy” rating and increased their price target for the company from $36.00 to $39.00 in a research report on Friday. Jefferies Group restated a “buy” rating and set a $40.00 price target (up previously from $36.00) on shares of Exelon Corp. in a research report on Tuesday, May 10th. Finally, Goldman Sachs Group Inc. restated a “neutral” rating and set a $37.00 price target (up previously from $34.70) on shares of Exelon Corp. in a research report on Monday, April 11th. Two investment analysts have rated the stock with a sell rating, seven have given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $35.85.
The firm has a market cap of $34.49 billion and a PE ratio of 19.39. The company has a 50-day moving average of $35.47 and a 200-day moving average of $33.49.
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, meeting the Zacks’ consensus estimate of $0.68. During the same period in the prior year, the company earned $0.71 EPS. On average, analysts predict that Exelon Corp. will post $2.53 EPS for the current fiscal year.
In other Exelon Corp. news, CEO Kenneth W. Cornew sold 30,000 shares of the business’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 32,844 shares in the company, valued at approximately $1,197,820.68. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Chairman Mayo A. Shattuck III sold 327,000 shares of the business’s stock in a transaction dated 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 sale, the chairman now owns 760,938 shares of the company’s stock, valued at $26,861,111.40. The disclosure for this sale can be found here.
Several large investors have recently added to or reduced their stakes in EXC. Utah Retirement Systems increased its stake in Exelon Corp. by 6.9% in the fourth quarter. Utah Retirement Systems now owns 164,865 shares of the energy giant’s stock worth $4,578,000 after buying an additional 10,700 shares in the last quarter. State of Tennessee Treasury Department increased its position in shares of Exelon Corp. by 0.5% in the fourth quarter. State of Tennessee Treasury Department now owns 542,098 shares of the energy giant’s stock worth $15,054,000 after buying an additional 2,571 shares during the period. Foresters Investment Management Company Inc. increased its position in shares of Exelon Corp. by 6.6% in the fourth quarter. Foresters Investment Management Company Inc. now owns 816,800 shares of the energy giant’s stock worth $22,683,000 after buying an additional 50,800 shares during the period. Matarin Capital Management LLC bought a new position in shares of Exelon Corp. during the fourth quarter worth about $3,303,000. Finally, Stephens Inc. AR increased its position in shares of Exelon Corp. by 2.2% in the fourth quarter. Stephens Inc. AR now owns 93,630 shares of the energy giant’s stock worth $2,600,000 after buying an additional 2,007 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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