Investors Buy Exelon Corporation (EXC) on Weakness on Insider Selling

Investors purchased shares of Exelon Corporation (NYSE:EXC) on weakness during trading on Wednesday following insider selling activity. $40.10 million flowed into the stock on the tick-up and $20.89 million flowed out of the stock on the tick-down, for a money net flow of $19.21 million into the stock. Of all companies tracked, Exelon Corporation had the 20th highest net in-flow for the day. Exelon Corporation traded down ($0.06) for the day and closed at $40.15Specifically, Chairman Mayo A. Shattuck III sold 193,462 shares of the firm’s stock in a transaction that occurred on Wednesday, November 1st. The shares were sold at an average price of $40.26, for a total value of $7,788,780.12. Following the transaction, the chairman now owns 402,234 shares in the company, valued at $16,193,940.84. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction that occurred on Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction of $510,787.23. Following the completion of the transaction, the executive vice president now owns 39,769 shares in the company, valued at approximately $1,523,550.39. The disclosure for this sale can be found here. Insiders have sold 1,212,787 shares of company stock worth $48,570,909 over the last three months. Insiders own 0.70% of the company’s stock.

Several research analysts have recently issued reports on EXC shares. Wolfe Research upgraded shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Deutsche Bank AG restated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a report on Monday, July 17th. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Finally, Barclays PLC restated an “overweight” rating and issued a $44.00 target price (up previously from $43.00) on shares of Exelon Corporation in a report on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $40.43.

Exelon Corporation (NYSE:EXC) last released its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The business had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter last year, the firm posted $0.65 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year.

The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Shareholders of record on Wednesday, November 15th will be paid a $0.3275 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 dividend on an annualized basis and a yield of 3.26%. Exelon Corporation’s payout ratio is 68.59%.

Hedge funds have recently added to or reduced their stakes in the business. Sandy Spring Bank grew its position in shares of Exelon Corporation by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after buying an additional 271 shares in the last quarter. Live Your Vision LLC grew its position in shares of Exelon Corporation by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after buying an additional 26 shares in the last quarter. V Wealth Management LLC bought a new position in shares of Exelon Corporation during the 2nd quarter worth $111,000. Sterling Investment Advisors Ltd. grew its position in shares of Exelon Corporation by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after buying an additional 37 shares in the last quarter. Finally, Hudock Capital Group LLC grew its position in shares of Exelon Corporation by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after buying an additional 13 shares in the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.

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Exelon Corporation Company Profile

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

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