Traders Buy Shares of Exelon (EXC) on Weakness

Traders purchased shares of Exelon Co. (NYSE:EXC) on weakness during trading on Friday. $36.13 million flowed into the stock on the tick-up and $12.95 million flowed out of the stock on the tick-down, for a money net flow of $23.18 million into the stock. Of all stocks tracked, Exelon had the 20th highest net in-flow for the day. Exelon traded down ($0.10) for the day and closed at $44.85

A number of equities research analysts recently issued reports on the company. Wells Fargo & Co increased their price target on Exelon from $44.00 to $46.00 and gave the stock a “market perform” rating in a research report on Monday, September 17th. Morgan Stanley increased 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. Macquarie increased their price target on Exelon from $45.00 to $46.00 and gave the stock a “buy” rating in a research report on Monday, September 24th. ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a research report on Wednesday, October 24th. Finally, JPMorgan Chase & Co. downgraded Exelon from an “overweight” rating to a “neutral” rating and set a $48.00 price target on the stock. in a research report on Tuesday, October 9th. Ten equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. The company has a consensus rating of “Hold” and a consensus target price of $46.22.

The stock has a market capitalization of $43.47 billion, a PE ratio of 17.25, a P/E/G ratio of 3.15 and a beta of 0.26. The company has a debt-to-equity ratio of 1.05, a current ratio of 1.33 and a quick ratio of 1.16.

Exelon (NYSE:EXC) last issued its earnings results on Thursday, November 1st. The energy giant reported $0.88 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.88. The firm had revenue of $8.08 billion for the quarter, compared to the consensus estimate of $8.74 billion. Exelon had a return on equity of 9.35% and a net margin of 10.67%. The company’s revenue was up 5.4% compared to the same quarter last year. During the same quarter last year, the business posted $0.85 EPS. Equities research analysts anticipate that Exelon Co. will post 3.12 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Shareholders of record on Thursday, November 15th will be issued a $0.345 dividend. This represents a $1.38 dividend on an annualized basis and a dividend yield of 3.08%. The ex-dividend date of this dividend is Wednesday, November 14th. Exelon’s dividend payout ratio is presently 53.08%.

Several hedge funds have recently modified their holdings of the business. Vanguard Group Inc. boosted its holdings in shares of Exelon by 1.7% in the 3rd quarter. Vanguard Group Inc. now owns 77,314,222 shares of the energy giant’s stock valued at $3,375,540,000 after purchasing an additional 1,309,965 shares in the last quarter. BlackRock Inc. boosted its holdings in shares of Exelon by 1.0% in the 2nd quarter. BlackRock Inc. now owns 71,949,812 shares of the energy giant’s stock valued at $3,065,064,000 after purchasing an additional 721,483 shares in the last quarter. LSV Asset Management boosted its holdings in shares of Exelon by 4.4% in the 3rd quarter. LSV Asset Management now owns 13,166,582 shares of the energy giant’s stock valued at $574,852,000 after purchasing an additional 560,338 shares in the last quarter. Bank of New York Mellon Corp boosted its holdings in shares of Exelon by 6.2% in the 3rd quarter. Bank of New York Mellon Corp now owns 11,849,193 shares of the energy giant’s stock valued at $517,335,000 after purchasing an additional 689,774 shares in the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Exelon by 3.2% in the 2nd quarter. Northern Trust Corp now owns 11,544,424 shares of the energy giant’s stock valued at $491,793,000 after purchasing an additional 359,605 shares in the last quarter. 79.39% of the stock is currently owned by hedge funds and other institutional investors.

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Exelon Company Profile (NYSE:EXC)

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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