Exelon Co. (NYSE:EXC) Sees Significant Increase in Short Interest

Exelon Co. (NYSE:EXC) saw a significant growth in short interest in October. As of October 31st, there was short interest totalling 11,710,000 shares, a growth of 11.1% from the September 30th total of 10,540,000 shares. Currently, 1.2% of the company’s stock are sold short. Based on an average trading volume of 6,070,000 shares, the days-to-cover ratio is currently 1.9 days.

A number of institutional investors have recently added to or reduced their stakes in the business. Checchi Capital Advisers LLC boosted its holdings in Exelon by 8.7% in the third quarter. Checchi Capital Advisers LLC now owns 8,497 shares of the energy giant’s stock worth $411,000 after purchasing an additional 682 shares during the period. Tiedemann Advisors LLC boosted its holdings in Exelon by 18.3% in the third quarter. Tiedemann Advisors LLC now owns 318,826 shares of the energy giant’s stock worth $15,402,000 after purchasing an additional 49,231 shares during the period. Financial Advisory Service Inc. boosted its holdings in Exelon by 6.1% in the third quarter. Financial Advisory Service Inc. now owns 4,666 shares of the energy giant’s stock worth $225,000 after purchasing an additional 267 shares during the period. Corient Capital Partners LLC boosted its holdings in Exelon by 12.9% in the third quarter. Corient Capital Partners LLC now owns 13,189 shares of the energy giant’s stock worth $637,000 after purchasing an additional 1,512 shares during the period. Finally, AE Wealth Management LLC boosted its holdings in Exelon by 7.8% in the third quarter. AE Wealth Management LLC now owns 43,092 shares of the energy giant’s stock worth $2,082,000 after purchasing an additional 3,109 shares during the period. 78.99% of the stock is owned by hedge funds and other institutional investors.

Shares of EXC stock traded up $0.39 during mid-day trading on Friday, reaching $45.02. 4,534,489 shares of the company were exchanged, compared to its average volume of 5,574,398. Exelon has a fifty-two week low of $43.10 and a fifty-two week high of $51.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. The company has a market capitalization of $43.26 billion, a P/E ratio of 14.43, a P/E/G ratio of 4.50 and a beta of 0.26. The business’s 50 day simple moving average is $46.28 and its 200 day simple moving average is $47.58.

Exelon (NYSE:EXC) last released its quarterly earnings results on Thursday, October 31st. The energy giant reported $0.92 earnings per share for the quarter, topping analysts’ consensus estimates of $0.89 by $0.03. The business had revenue of $9.40 billion during the quarter, compared to the consensus estimate of $8.70 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter last year, the company earned $0.88 earnings per share. On average, analysts forecast that Exelon will post 3.14 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 10th. Shareholders of record on Friday, November 15th will be issued a $0.3625 dividend. This represents a $1.45 dividend on an annualized basis and a yield of 3.22%. The ex-dividend date is Thursday, November 14th. Exelon’s dividend payout ratio is presently 46.47%.

Several analysts have issued reports on EXC shares. ValuEngine downgraded shares of Exelon from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Morgan Stanley raised shares of Exelon from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 6th. Barclays reissued a “buy” rating and set a $54.00 price target on shares of Exelon in a research report on Thursday, September 26th. Mizuho decreased their price target on shares of Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday, October 16th. Finally, Argus reissued a “buy” rating and set a $53.00 price target on shares of Exelon in a research report on Wednesday, September 18th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Exelon currently has an average rating of “Buy” and a consensus target price of $52.00.

About Exelon

Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, 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.

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