Investors Sell Exelon (EXC) on Strength on Analyst Downgrade

Traders sold shares of Exelon Co. (NYSE:EXC) on strength during trading on Thursday after Morgan Stanley lowered their price target on the stock from $48.00 to $47.00. $22.50 million flowed into the stock on the tick-up and $98.26 million flowed out of the stock on the tick-down, for a money net flow of $75.76 million out of the stock. Of all stocks tracked, Exelon had the 17th highest net out-flow for the day. Exelon traded up $0.61 for the day and closed at $42.81

EXC has been the topic of a number of other research reports. Scotiabank reiterated a “sector outperform” rating on shares of Exelon in a research report on Wednesday, July 25th. Zacks Investment Research cut 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 company a “buy” rating in a research report on Monday. KeyCorp lifted their target price on Exelon from $43.00 to $46.00 and gave the company an “overweight” rating in a research report on Friday, August 17th. Finally, ValuEngine upgraded Exelon from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Eight analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $45.11.

Several large investors have recently added to or reduced their stakes in the company. Credit Agricole S A boosted its holdings in Exelon by 24.5% in the second quarter. Credit Agricole S A now owns 6,225 shares of the energy giant’s stock valued at $265,000 after acquiring an additional 1,225 shares during the last quarter. IFP Advisors Inc boosted its holdings in Exelon by 4.2% in the second quarter. IFP Advisors Inc now owns 30,932 shares of the energy giant’s stock valued at $1,318,000 after acquiring an additional 1,234 shares during the last quarter. Sumitomo Life Insurance Co. boosted its holdings in Exelon by 4.5% in the second quarter. Sumitomo Life Insurance Co. now owns 28,596 shares of the energy giant’s stock valued at $1,218,000 after acquiring an additional 1,235 shares during the last quarter. Lincoln National Corp boosted its holdings in Exelon by 13.2% in the second quarter. Lincoln National Corp now owns 10,658 shares of the energy giant’s stock valued at $454,000 after acquiring an additional 1,240 shares during the last quarter. Finally, Park Avenue Securities LLC boosted its holdings in Exelon by 18.5% in the second quarter. Park Avenue Securities LLC now owns 7,981 shares of the energy giant’s stock valued at $342,000 after acquiring an additional 1,247 shares during the last quarter. Institutional investors own 78.57% of the company’s stock.

The firm has a market cap of $41.13 billion, a P/E ratio of 16.47, a P/E/G ratio of 2.43 and a beta of 0.21. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.19 and a quick ratio of 1.03.

Exelon (NYSE:EXC) last announced its earnings results on Thursday, August 2nd. The energy giant reported $0.71 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.61 by $0.10. Exelon had a return on equity of 9.48% and a net margin of 11.25%. The business had revenue of $8.08 billion for the quarter, compared to analysts’ expectations of $7.39 billion. During the same period in the prior year, the business posted $0.54 earnings per share. The firm’s revenue was up 5.4% on a year-over-year basis. equities analysts expect that Exelon Co. will post 3.1 EPS for the current fiscal year.

The business also recently announced a quarterly dividend, which will be paid on Monday, December 10th. Investors of record on Thursday, November 15th will be issued a $0.345 dividend. This represents a $1.38 annualized dividend and a yield of 3.22%. The ex-dividend date is Wednesday, November 14th. Exelon’s payout ratio is presently 53.08%.

About Exelon (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.

See Also: What is a Fiduciary?

Receive News & Ratings for Exelon Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply