The stock of Exelon Corporation (NYSE:EXC) is a huge mover today! About 978,720 shares traded hands. Exelon Corporation (NYSE:EXC) has declined 5.91% since March 9, 2016 and is downtrending. It has underperformed by 13.32% the S&P500.
The move comes after 6 months positive chart setup for the $29.53 billion company. It was reported on Oct, 12 by Barchart.com. We have $49.82 PT which if reached, will make NYSE:EXC worth $15.95B more.
Analysts await Exelon Corporation (NYSE:EXC) to report earnings on November, 4. They expect $0.74 EPS, down 10.84% or $0.09 from last year’s $0.83 per share. EXC’s profit will be $675.49M for 10.93 P/E if the $0.74 EPS becomes a reality. After $0.65 actual EPS reported by Exelon Corporation for the previous quarter, Wall Street now forecasts 13.85% EPS growth.
Exelon Corporation (NYSE:EXC) Ratings Coverage
Out of 17 analysts covering Exelon Corporation (NYSE:EXC), 10 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 59% are positive. Exelon Corporation has been the topic of 35 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Overweight” rating on Wednesday, August 31 by Barclays Capital. The rating was upgraded by Deutsche Bank on Friday, July 22 to “Buy”. Deutsche Bank maintained Exelon Corporation (NYSE:EXC) rating on Thursday, February 4. Deutsche Bank has “Buy” rating and $36 price target. The firm earned “Buy” rating on Wednesday, January 27 by Citigroup. Morgan Stanley reinitiated the stock with “Equal-Weight” rating in Wednesday, April 6 report. The firm has “Sell” rating given on Tuesday, February 23 by Citigroup. Jefferies maintained Exelon Corporation (NYSE:EXC) rating on Monday, October 10. Jefferies has “Buy” rating and $36 price target. The stock of Exelon Corporation (NYSE:EXC) has “Buy” rating given on Friday, September 25 by Guggenheim. The stock of Exelon Corporation (NYSE:EXC) earned “Buy” rating by Wells Fargo on Monday, August 31. The firm has “Buy” rating given on Monday, March 7 by Argus Research.
According to Zacks Investment Research, “Exelon Corporation is a utility holding company. Its subsidiaries are engaged principally in the production, purchase, transmission, distribution and sale of electricity to residential, commercial, industrial and wholesale customers and the distribution and sale of natural gas to residential, commercial and industrial customers. Exelon is a bold, creative, accountable and committed company, with employees dedicated in their efforts to set the standards for the utility services industry.”
Insitutional Activity: The institutional sentiment decreased to 0.96 in 2016 Q2. Its down 0.21, from 1.17 in 2016Q1. The ratio is negative, as 56 funds sold all Exelon Corporation shares owned while 256 reduced positions. 66 funds bought stakes while 235 increased positions. They now own 673.21 million shares or 2.78% less from 692.44 million shares in 2016Q1.
Teachers Advsrs has 0.09% invested in the company for 1.41 million shares. Highland Mngmt Ltd Com accumulated 137,560 shares or 0.43% of the stock. Lombard Odier Asset Mgmt (Europe) Limited last reported 11,083 shares in the company. Intersect Lc has 21,580 shares for 0.47% of their US portfolio. Sumitomo Mitsui Asset Limited last reported 71,398 shares in the company. Tiaa Cref Fsb Mo reported 30,229 shares or 0.01% of all its holdings. Korea Invest Corporation owns 1.22M shares or 0.26% of their US portfolio. holds 358,154 shares or 0% of its portfolio. Employees Retirement Of Texas holds 168,000 shares or 0.08% of its portfolio. Sentry Investments holds 152,150 shares or 0.05% of its portfolio. Prudential last reported 0.34% of its portfolio in the stock. Carroll Incorporated holds 2,088 shares or 0.01% of its portfolio. The Illinois-based Private Financial Bank Com has invested 0.05% in Exelon Corporation (NYSE:EXC). Rhumbline Advisers last reported 1.36M shares in the company. Citadel Advsrs Ltd Liability Com accumulated 0% or 59,974 shares.
Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 3 selling transactions for $12.86 million net activity. Cornew Kenneth W. also sold $1.09M worth of Exelon Corporation (NYSE:EXC) on Friday, July 15. 327,000 shares were sold by SHATTUCK MAYO A III, worth $11.54 million. 6,403 Exelon Corporation (NYSE:EXC) shares with value of $224,105 were sold by BUTLER CALVIN JR.
Another recent and important Exelon Corporation (NYSE:EXC) news was published by Businesswire.com which published an article titled: “Exelon Foundation Helps Power South by South Lawn: A White House Festival of …” on October 03, 2016.
EXC Company Profile
Exelon Corporation, incorporated on February 4, 1999, is a utility services holding company. The Firm operates through its subsidiaries, Exelon Generation Company, LLC (Generation), Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE). The Firm operates through nine divisions consisting of Generation’s six power marketing divisions, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions in Generation; ComEd; PECO, and BGE.
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