The stock of Exelon Corporation (NYSE:EXC) is a huge mover today! About 4.46 million shares traded hands. Exelon Corporation (NYSE:EXC) has declined 12.59% since April 11, 2016 and is downtrending. It has underperformed by 18.74% the S&P500.
The move comes after 6 months positive chart setup for the $26.49B company. It was reported on Nov, 11 by Barchart.com. We have $38.10 PT which if reached, will make NYSE:EXC worth $6.62 billion more.
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 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm earned “Sell” rating on Tuesday, February 23 by Citigroup. The company was downgraded on Monday, April 18 by Deutsche Bank. Citigroup upgraded the stock to “Buy” rating in Wednesday, January 27 report. Citigroup maintained the stock with “Sell” rating in Wednesday, July 20 report. The firm has “Buy” rating by Deutsche Bank given on Thursday, August 11. The firm has “Buy” rating given on Tuesday, August 25 by Guggenheim. On Friday, September 18 the stock rating was initiated by Citigroup with “Sell”. The firm has “Buy” rating given on Monday, March 7 by Argus Research. Goldman Sachs maintained the stock with “Neutral” rating in Monday, April 11 report. The stock of Exelon Corporation (NYSE:EXC) earned “Peer Perform” rating by Wolfe Research on Thursday, March 24.
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 Q2 2016. 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.
Chevy Chase Tru Holding Inc owns 792,690 shares or 0.16% of their US portfolio. Brave Asset Management accumulated 3,472 shares or 0.08% of the stock. Tower Limited Liability Co (Trc) accumulated 0% or 100 shares. Redwood Ltd Co has invested 1.11% of its portfolio in Exelon Corporation (NYSE:EXC). Invest Centers Of America last reported 0.12% of its portfolio in the stock. Babson Capital Mgmt holds 0.06% of its portfolio in Exelon Corporation (NYSE:EXC) for 62,938 shares. Mirae Asset Invests Limited last reported 0.05% of its portfolio in the stock. Srb has 4,126 shares for 0.02% of their US portfolio. Bollard Group Ltd Liability Company holds 0.05% of its portfolio in Exelon Corporation (NYSE:EXC) for 21,440 shares. High Point Bank & Trust holds 0.05% of its portfolio in Exelon Corporation (NYSE:EXC) for 4,613 shares. Envestnet Asset Management Inc last reported 0.02% of its portfolio in the stock. Gulf National Bank & Trust (Uk) Limited holds 280,277 shares or 0.17% of its portfolio. Ameritas Invest Prtn accumulated 0.04% or 18,224 shares. Anderson Hoagland And, a Missouri-based fund reported 51,410 shares. Westport Resource holds 0% of its portfolio in Exelon Corporation (NYSE:EXC) for 177 shares.
Insider Transactions: Since May 12, 2016, the stock had 0 buys, and 2 selling transactions for $1.32 million net activity. SHATTUCK MAYO A III had sold 327,000 shares worth $11.54M. Cornew Kenneth W. sold $1.09M worth of stock. $224,105 worth of Exelon Corporation (NYSE:EXC) shares were sold by BUTLER CALVIN JR.
More news for Exelon Corporation (NYSE:EXC) were recently published by: Nasdaq.com, which released: “Exelon Corporation (EXC) Ex-Dividend Date Scheduled for November 10, 2016” on November 09, 2016. Seekingalpha.com‘s article titled: “Exelon: On Track To De-Risk Its Business Operations” and published on November 09, 2016 is yet another important article.
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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