Investors Sell Exelon Corporation (EXC) on Strength (EXC)
Investors sold shares of Exelon Corporation (NYSE:EXC) on strength during trading on Thursday. $15.82 million flowed into the stock on the tick-up and $36.60 million flowed out of the stock on the tick-down, for a money net flow of $20.78 million out of the stock. Of all stocks tracked, Exelon Corporation had the 9th highest net out-flow for the day. Exelon Corporation traded up $0.04 for the day and closed at $37.74
Several research firms have recently issued reports on EXC. Barclays PLC reaffirmed an “overweight” rating and set a $44.00 price target (up previously from $43.00) on shares of Exelon Corporation in a research note on Thursday, August 3rd. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $43.00 in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research note on Monday, July 17th. Finally, ValuEngine downgraded shares of Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Seven research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $39.71.
The firm has a 50-day moving average price of $37.03 and a 200 day moving average price of $36.01. The stock has a market capitalization of $36.23 billion, a price-to-earnings ratio of 19.96 and a beta of 0.27.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating the Zacks’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the business posted $0.65 EPS. The firm’s revenue was up 10.3% compared to the same quarter last year. On average, analysts expect that Exelon Corporation will post $2.69 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.3275 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a yield of 3.47%. Exelon Corporation’s dividend payout ratio is currently 68.59%.
In other Exelon Corporation news, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the transaction, the insider now directly owns 57,243 shares in the company, valued at approximately $2,203,855.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $37.05, for a total transaction of $493,987.65. Following the completion of the transaction, the executive vice president now owns 53,102 shares of the company’s stock, valued at $1,967,429.10. The disclosure for this sale can be found here. Insiders have sold a total of 927,844 shares of company stock valued at $34,570,885 over the last quarter. 0.70% of the stock is currently owned by company insiders.
A number of hedge funds and other institutional investors have recently modified their holdings of the company. Hudock Capital Group LLC raised its position in shares of Exelon Corporation by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after buying an additional 13 shares during the period. Cambridge Advisors Inc. raised its position in shares of Exelon Corporation by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock valued at $249,000 after buying an additional 23 shares during the period. Live Your Vision LLC raised its position in shares of Exelon Corporation by 0.9% in the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after buying an additional 26 shares during the period. Chesley Taft & Associates LLC raised its position in shares of Exelon Corporation by 0.6% in the second quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock valued at $213,000 after buying an additional 35 shares during the period. Finally, Sterling Investment Advisors Ltd. raised its position in shares of Exelon Corporation by 1.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after buying an additional 37 shares during the period. Institutional investors and hedge funds own 74.81% of the company’s stock.
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Exelon Corporation Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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