Exelon Target of Unusually Large Options Trading (EXC)
Exelon Co. (NYSE:EXC) saw unusually large options trading on Tuesday. Stock investors purchased 16,510 call options on the company. This represents an increase of 1,289% compared to the average daily volume of 1,189 call options.
Several institutional investors have recently made changes to their positions in EXC. Welch Group LLC purchased a new position in shares of Exelon during the third quarter valued at $110,000. Landaas & Co. WI ADV purchased a new position in shares of Exelon during the second quarter valued at $116,000. CWM LLC increased its stake in shares of Exelon by 106.5% during the third quarter. CWM LLC now owns 2,653 shares of the energy giant’s stock valued at $116,000 after buying an additional 1,368 shares during the period. Burt Wealth Advisors increased its stake in shares of Exelon by 81.6% during the third quarter. Burt Wealth Advisors now owns 2,884 shares of the energy giant’s stock valued at $126,000 after buying an additional 1,296 shares during the period. Finally, Psagot Investment House Ltd. purchased a new position in shares of Exelon during the third quarter valued at $127,000. Hedge funds and other institutional investors own 78.68% of the company’s stock.
NYSE:EXC opened at $45.91 on Wednesday. Exelon has a twelve month low of $35.57 and a twelve month high of $46.20. The firm has a market cap of $44.21 billion, a PE ratio of 17.66, a price-to-earnings-growth ratio of 2.93 and a beta of 0.26. The company has a quick ratio of 1.16, a current ratio of 1.33 and a debt-to-equity ratio of 1.05.
The company also recently declared a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 15th will be paid a dividend of $0.345 per share. The ex-dividend date is Wednesday, November 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.01%. Exelon’s dividend payout ratio is currently 53.08%.
A number of brokerages recently issued reports on EXC. Morgan Stanley raised their price target on Exelon from $43.00 to $46.00 and gave the stock a “hold” rating in a research report on Tuesday, September 11th. Mizuho restated a “hold” rating and issued a $40.00 price target on shares of Exelon in a research report on Monday, August 6th. Zacks Investment Research downgraded Exelon from a “buy” rating to a “hold” rating in a research report on Wednesday, August 8th. Macquarie lifted their target price on Exelon from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. Finally, SunTrust Banks reiterated a “hold” rating and set a $45.00 target price on shares of Exelon in a research report on Monday, September 24th. Ten research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Exelon currently has an average rating of “Hold” and a consensus target price of $46.00.
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Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. The company owns electric generating facilities, such as nuclear, fossil, wind, hydroelectric, and solar generating facilities. It also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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