Exelon (NASDAQ:EXC) Sees Strong Trading Volume After Analyst Upgrade

Shares of Exelon Co. (NASDAQ:EXCGet Rating) saw strong trading volume on Friday after BMO Capital Markets raised their price target on the stock from $49.00 to $51.00. BMO Capital Markets currently has an outperform rating on the stock. 253,685 shares were traded during mid-day trading, a decline of 95% from the previous session’s volume of 5,492,017 shares.The stock last traded at $45.36 and had previously closed at $45.06.

EXC has been the subject of a number of other reports. KeyCorp cut their target price on Exelon from $53.00 to $45.00 and set an “overweight” rating for the company in a research report on Tuesday, July 19th. Argus increased their price objective on Exelon from $50.00 to $54.00 and gave the company a “buy” rating in a research report on Wednesday, June 8th. JPMorgan Chase & Co. upgraded Exelon from a “neutral” rating to an “overweight” rating and increased their target price for the company from $47.00 to $55.00 in a report on Wednesday, April 20th. Wells Fargo & Company dropped their price target on shares of Exelon from $52.00 to $49.00 and set an “equal weight” rating on the stock in a research note on Thursday. Finally, UBS Group lowered their target price on shares of Exelon from $54.00 to $49.00 and set a “buy” rating on the stock in a research report on Thursday, June 30th. Six research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $48.15.

Insider Buying and Selling

In other Exelon news, CEO John Tyler Anthony sold 4,451 shares of Exelon stock in a transaction dated Wednesday, May 18th. The stock was sold at an average price of $47.49, for a total transaction of $211,377.99. Following the transaction, the chief executive officer now directly owns 974 shares of the company’s stock, valued at approximately $46,255.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.19% of the stock is currently owned by corporate insiders.

Institutional Trading of Exelon

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in EXC. Quadrant Capital Group LLC lifted its stake in Exelon by 5.2% in the fourth quarter. Quadrant Capital Group LLC now owns 3,547 shares of the company’s stock valued at $205,000 after purchasing an additional 175 shares during the last quarter. JJJ Advisors Inc. boosted its holdings in shares of Exelon by 30.2% during the first quarter. JJJ Advisors Inc. now owns 939 shares of the company’s stock worth $45,000 after purchasing an additional 218 shares during the period. SVB Wealth LLC lifted its holdings in Exelon by 2.9% in the first quarter. SVB Wealth LLC now owns 7,714 shares of the company’s stock worth $367,000 after buying an additional 219 shares during the period. Optimum Investment Advisors lifted its holdings in shares of Exelon by 30.9% during the first quarter. Optimum Investment Advisors now owns 945 shares of the company’s stock valued at $45,000 after purchasing an additional 223 shares during the last quarter. Finally, Quent Capital LLC lifted its holdings in shares of Exelon by 6.1% during the first quarter. Quent Capital LLC now owns 4,032 shares of the company’s stock valued at $192,000 after purchasing an additional 231 shares during the last quarter. 80.35% of the stock is owned by institutional investors.

Exelon Stock Down 0.6 %

The company has a debt-to-equity ratio of 1.53, a current ratio of 0.91 and a quick ratio of 0.88. The company has a market cap of $43.88 billion, a P/E ratio of 16.52, a P/E/G ratio of 2.74 and a beta of 0.57. The company’s 50-day moving average is $44.83 and its two-hundred day moving average is $46.14.

Exelon (NASDAQ:EXCGet Rating) last issued its quarterly earnings data on Wednesday, August 3rd. The company reported $0.44 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.46 by ($0.02). Exelon had a net margin of 9.45% and a return on equity of 10.38%. During the same quarter in the prior year, the company posted $0.89 EPS. As a group, equities analysts predict that Exelon Co. will post 2.28 earnings per share for the current fiscal year.

Exelon Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 9th. Shareholders of record on Monday, August 15th will be paid a $0.338 dividend. This is an increase from Exelon’s previous quarterly dividend of $0.34. This represents a $1.35 dividend on an annualized basis and a yield of 3.02%. The ex-dividend date of this dividend is Friday, August 12th. Exelon’s dividend payout ratio is currently 49.82%.

Exelon Company Profile

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Exelon Corporation, a utility services holding company, engages in the energy generation, delivery, and marketing businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, biomass, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.

Further Reading

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