Exelon (EXC) Earning Somewhat Favorable Press Coverage, Analysis Finds
News articles about Exelon (NYSE:EXC) have trended somewhat positive recently, according to Accern. The research group rates the sentiment of news coverage by monitoring more than 20 million blog and news sources. Accern ranks coverage of publicly-traded companies on a scale of negative one to one, with scores closest to one being the most favorable. Exelon earned a coverage optimism score of 0.11 on Accern’s scale. Accern also gave news articles about the energy giant an impact score of 44.9817445703663 out of 100, meaning that recent news coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media stories that may have effected Accern Sentiment’s analysis:
- PNM Resources Gets Negative Credit Outlook (power-eng.com)
- Reviewing the Insider Trends for Devon Energy Corporation (DVN) (nismagazine.com)
- Contrasting Exelon (EXC) and Vistra Energy (VST) (americanbankingnews.com)
- Exelon Co. (EXC) Receives Average Recommendation of “Buy” from Analysts (americanbankingnews.com)
- Putting the Heat on Apache Corporation (APA), Exelon Corporation (EXC) – Market Movers (financialqz.com)
Shares of Exelon (NYSE:EXC) traded up $0.62 during mid-day trading on Wednesday, reaching $39.09. 5,927,425 shares of the company’s stock traded hands, compared to its average volume of 6,490,518. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. The firm has a market cap of $37,560.00, a P/E ratio of 17.53, a P/E/G ratio of 3.09 and a beta of 0.30. Exelon has a 52-week low of $33.30 and a 52-week high of $42.67.
Exelon (NYSE:EXC) last announced its earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. Exelon had a return on equity of 8.19% and a net margin of 6.59%. The business’s quarterly revenue was down 2.6% on a year-over-year basis. During the same quarter last year, the business posted $0.91 earnings per share. sell-side analysts forecast that Exelon will post 2.66 earnings per share for the current year.
A number of analysts recently weighed in on the stock. Mizuho assumed coverage on shares of Exelon in a research report on Friday, December 15th. They issued an “underperform” rating and a $36.00 price target on the stock. Morgan Stanley increased their price target on shares of Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. Royal Bank of Canada reiterated a “buy” rating and issued a $43.00 price target on shares of Exelon in a research report on Tuesday, November 7th. Bank of America assumed coverage on shares of Exelon in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 price target on the stock. Finally, Zacks Investment Research upgraded shares of Exelon from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Two equities research analysts have rated the stock with a sell rating, four have issued a hold rating, thirteen have given a buy rating and one has issued a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $40.53.
In other news, Chairman Mayo A. Shattuck III sold 379,337 shares of the firm’s stock in a transaction that occurred on Wednesday, October 25th. The shares were sold at an average price of $40.05, for a total transaction of $15,192,446.85. Following the completion of the transaction, the chairman now directly owns 746,986 shares of the company’s stock, valued at approximately $29,916,789.30. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Paymon Aliabadi sold 13,334 shares of the firm’s stock in a transaction that occurred on Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the transaction, the executive vice president now directly owns 26,435 shares of the company’s stock, valued at $1,073,789.70. The disclosure for this sale can be found here. Insiders have sold a total of 1,287,788 shares of company stock valued at $51,778,749 over the last ninety days. Company insiders own 0.70% of the company’s stock.
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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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