Investors Sell Shares of Exelon (EXC) on Strength (EXC)

Investors sold shares of Exelon Co. (NYSE:EXC) on strength during trading hours on Wednesday. $29.33 million flowed into the stock on the tick-up and $51.02 million flowed out of the stock on the tick-down, for a money net flow of $21.69 million out of the stock. Of all stocks tracked, Exelon had the 31st highest net out-flow for the day. Exelon traded up $0.28 for the day and closed at $42.45

A number of research firms recently weighed in on EXC. Barclays began coverage on shares of Exelon in a research note on Tuesday. They set an “equal weight” rating and a $46.00 price target for the company. Citigroup boosted their price target on shares of Exelon from $44.00 to $45.00 and gave the stock a “buy” rating in a research note on Monday. Zacks Investment Research downgraded shares of Exelon from a “buy” rating to a “hold” rating in a research note on Wednesday, June 13th. Morgan Stanley dropped their price target on shares of Exelon from $42.00 to $41.00 and set an “equal weight” rating for the company in a research note on Wednesday, June 13th. Finally, ValuEngine raised shares of Exelon from a “hold” rating to a “buy” rating in a research note on Friday, June 1st. Five research analysts have rated the stock with a hold rating, eleven have given a buy rating and one has issued a strong buy rating to the company. Exelon has an average rating of “Buy” and a consensus price target of $43.14.

The company has a current ratio of 1.14, a quick ratio of 0.99 and a debt-to-equity ratio of 1.02. The company has a market cap of $40.40 billion, a P/E ratio of 16.21, a P/E/G ratio of 2.40 and a beta of 0.19.

Exelon (NYSE:EXC) last issued its earnings results on Wednesday, May 2nd. The energy giant reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.03. Exelon had a net margin of 10.06% and a return on equity of 9.17%. The firm had revenue of $9.69 billion during the quarter, compared to the consensus estimate of $9.01 billion. During the same quarter in the prior year, the firm earned $0.65 earnings per share. The business’s quarterly revenue was up 10.8% on a year-over-year basis. equities analysts predict that Exelon Co. will post 3.07 earnings per share for the current fiscal year.

A number of large investors have recently modified their holdings of the business. BlackRock Inc. increased its stake in Exelon by 0.6% in the first quarter. BlackRock Inc. now owns 71,228,329 shares of the energy giant’s stock valued at $2,778,620,000 after purchasing an additional 438,549 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Exelon by 269.4% in the first quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 12,440,512 shares of the energy giant’s stock valued at $485,304,000 after purchasing an additional 9,072,773 shares in the last quarter. LSV Asset Management increased its stake in Exelon by 7.2% in the first quarter. LSV Asset Management now owns 12,055,862 shares of the energy giant’s stock valued at $470,299,000 after purchasing an additional 813,800 shares in the last quarter. FIL Ltd boosted its holdings in shares of Exelon by 3.0% in the first quarter. FIL Ltd now owns 9,553,259 shares of the energy giant’s stock valued at $372,673,000 after buying an additional 275,402 shares during the period. Finally, Prudential Financial Inc. boosted its holdings in shares of Exelon by 40.6% in the first quarter. Prudential Financial Inc. now owns 5,733,452 shares of the energy giant’s stock valued at $223,662,000 after buying an additional 1,654,254 shares during the period. 78.10% of the stock is owned by hedge funds and other institutional investors.

About Exelon

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.

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