Investors Sell Shares of Exelon Corp. (EXC) on Strength (EXC)
Investors sold shares of Exelon Corp. (NYSE:EXC) on strength during trading on Thursday. $21.37 million flowed into the stock on the tick-up and $47.08 million flowed out of the stock on the tick-down, for a money net flow of $25.71 million out of the stock. Of all stocks tracked, Exelon Corp. had the 0th highest net out-flow for the day. Exelon Corp. traded up $0.13 for the day and closed at $34.71
A number of analysts have weighed in on EXC shares. 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 report on Wednesday, July 20th. Zacks Investment Research downgraded shares of Exelon Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Bank of America Corp. reissued a “hold” rating and issued a $35.00 price target on shares of Exelon Corp. in a report on Tuesday, May 24th. Deutsche Bank AG increased their price target on shares of Exelon Corp. from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 11th. Finally, Jefferies Group reissued a “buy” rating and issued a $40.00 price target (up from $36.00) on shares of Exelon Corp. in a report on Tuesday, May 10th. One analyst has rated the stock with a sell rating, eight have given a hold rating and thirteen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and a consensus price target of $36.27.
The firm has a market cap of $32.03 billion and a P/E ratio of 23.23. The stock’s 50-day moving average is $36.21 and its 200 day moving average is $34.55.
Exelon Corp. (NYSE:EXC) last announced its earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.56 by $0.09. The business earned $6.90 billion during the quarter, compared to the consensus estimate of $7.30 billion. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.59 EPS. On average, equities research analysts expect that Exelon Corp. will post $2.56 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Stockholders of record on Monday, August 15th will be given a $0.318 dividend. The ex-dividend date of this dividend is Thursday, August 11th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.66%.
In other news, CEO Kenneth W. Cornew sold 30,000 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $36.47, for a total value of $1,094,100.00. Following the completion of the sale, the chief executive officer now owns 32,844 shares of the company’s stock, valued at $1,197,820.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink.
A number of hedge funds and institutional investors have modified their holdings of EXC. 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 valued at $2,600,000 after buying an additional 2,007 shares during 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 valued at $15,054,000 after buying an additional 2,571 shares during the last quarter. Connor Clark & Lunn Investment Management Ltd. increased its position in shares of Exelon Corp. by 4.8% in the fourth quarter. Connor Clark & Lunn Investment Management Ltd. now owns 121,860 shares of the energy giant’s stock valued at $3,384,000 after buying an additional 5,625 shares during the last quarter. Utah Retirement Systems increased its position in shares of Exelon Corp. by 6.9% in the fourth quarter. Utah Retirement Systems now owns 164,865 shares of the energy giant’s stock valued at $4,578,000 after buying an additional 10,700 shares during the last quarter. Finally, Victory Capital Management Inc. increased its position 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 valued at $2,076,000 after buying an additional 22,720 shares during 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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