Exelon Co. (NYSE:EXC) Short Interest Update

Exelon Co. (NYSE:EXC) saw a significant growth in short interest in the month of November. As of November 29th, there was short interest totalling 16,100,000 shares, a growth of 59.1% from the November 14th total of 10,120,000 shares. Approximately 1.7% of the company’s shares are short sold. Based on an average daily volume of 6,509,600 shares, the days-to-cover ratio is currently 2.5 days.

Several brokerages recently issued reports on EXC. SunTrust Banks reduced their price objective on shares of Exelon to $46.00 and set a “hold” rating on the stock in a report on Friday, October 18th. Wolfe Research set a $55.00 target price on shares of Exelon and gave the stock a “buy” rating in a research note on Friday, November 1st. Morgan Stanley upgraded shares of Exelon from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 6th. UBS Group boosted their price target on shares of Exelon from $53.00 to $55.00 and gave the company a “buy” rating in a research note on Friday, September 6th. Finally, Barclays reissued a “buy” rating and issued a $54.00 price target on shares of Exelon in a research note on Thursday, September 26th. Four investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus price target of $52.00.

Several hedge funds have recently made changes to their positions in EXC. Cliftonlarsonallen Wealth Advisors LLC grew its position in shares of Exelon by 0.4% during the third quarter. Cliftonlarsonallen Wealth Advisors LLC now owns 48,412 shares of the energy giant’s stock worth $2,339,000 after buying an additional 212 shares in the last quarter. Trust Co. of Toledo NA OH grew its holdings in Exelon by 0.6% during the 3rd quarter. Trust Co. of Toledo NA OH now owns 33,941 shares of the energy giant’s stock worth $1,640,000 after acquiring an additional 218 shares in the last quarter. Hoover Financial Advisors Inc. grew its holdings in Exelon by 5.8% during the 2nd quarter. Hoover Financial Advisors Inc. now owns 4,463 shares of the energy giant’s stock worth $214,000 after acquiring an additional 245 shares in the last quarter. FinTrust Capital Advisors LLC increased its position in shares of Exelon by 7.5% in the 3rd quarter. FinTrust Capital Advisors LLC now owns 3,527 shares of the energy giant’s stock valued at $170,000 after purchasing an additional 245 shares during the last quarter. Finally, Rehmann Capital Advisory Group increased its position in shares of Exelon by 1.3% in the 2nd quarter. Rehmann Capital Advisory Group now owns 19,106 shares of the energy giant’s stock valued at $916,000 after purchasing an additional 247 shares during the last quarter. Hedge funds and other institutional investors own 78.99% of the company’s stock.

Exelon stock traded down $0.53 during midday trading on Wednesday, reaching $44.19. 5,592,400 shares of the stock traded hands, compared to its average volume of 5,710,204. The company has a 50-day simple moving average of $44.90 and a two-hundred day simple moving average of $46.95. Exelon has a 12-month low of $43.10 and a 12-month high of $51.18. The firm has a market cap of $43.61 billion, a PE ratio of 14.16, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. The company has a current ratio of 0.90, a quick ratio of 0.77 and a debt-to-equity ratio of 0.95.

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

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, December 10th. Stockholders of record on Friday, November 15th were paid a $0.3625 dividend. This represents a $1.45 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend was Thursday, November 14th. Exelon’s payout ratio is 46.47%.

Exelon Company Profile

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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