Exelon Target of Unusually High Options Trading (NYSE:EXC)

Exelon Co. (NYSE:EXC) was the recipient of unusually large options trading on Wednesday. Traders acquired 3,039 put options on the stock. This is an increase of 2,312% compared to the typical volume of 126 put options.

Institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. boosted its stake in Exelon by 0.6% during the 2nd quarter. Vanguard Group Inc. now owns 81,817,730 shares of the energy giant’s stock valued at $3,922,342,000 after purchasing an additional 476,323 shares during the last quarter. BlackRock Inc. boosted its stake in Exelon by 2.1% during the 2nd quarter. BlackRock Inc. now owns 73,786,054 shares of the energy giant’s stock valued at $3,537,307,000 after purchasing an additional 1,551,062 shares during the last quarter. Invesco Ltd. boosted its stake in Exelon by 2.8% during the 2nd quarter. Invesco Ltd. now owns 17,288,295 shares of the energy giant’s stock valued at $828,800,000 after purchasing an additional 463,906 shares during the last quarter. Northern Trust Corp boosted its stake in Exelon by 2.0% during the 2nd quarter. Northern Trust Corp now owns 13,239,469 shares of the energy giant’s stock valued at $634,699,000 after purchasing an additional 255,204 shares during the last quarter. Finally, California Public Employees Retirement System boosted its stake in Exelon by 13.6% during the 2nd quarter. California Public Employees Retirement System now owns 6,854,941 shares of the energy giant’s stock valued at $328,626,000 after purchasing an additional 820,931 shares during the last quarter. Institutional investors own 78.99% of the company’s stock.

Shares of EXC traded down $0.88 during trading hours on Thursday, hitting $44.04. The stock had a trading volume of 10,396,678 shares, compared to its average volume of 5,374,033. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. The firm has a 50 day simple moving average of $47.82 and a 200-day simple moving average of $48.26. The firm has a market capitalization of $46.16 billion, a P/E ratio of 14.11, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. Exelon has a 1-year low of $42.80 and a 1-year high of $51.18.

Exelon (NYSE:EXC) last issued its earnings results on Thursday, August 1st. The energy giant reported $0.60 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.63 by ($0.03). The firm had revenue of $7.69 billion during the quarter, compared to analyst estimates of $7.03 billion. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The business’s quarterly revenue was down 4.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.71 earnings per share. Equities analysts predict that Exelon will post 3.14 EPS for the current fiscal year.

Several research firms have recently weighed in on EXC. UBS Group lifted their price objective on Exelon from $53.00 to $55.00 and gave the stock a “buy” rating in a research report on Friday, September 6th. Mizuho lowered their price objective on Exelon from $49.00 to $47.00 and set a “neutral” rating for the company in a research report on Wednesday. ValuEngine lowered Exelon from a “buy” rating to a “hold” rating in a research report on Tuesday, July 23rd. Morgan Stanley raised Exelon from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 6th. Finally, Argus reissued a “buy” rating and issued a $53.00 price objective on shares of Exelon in a research report on Wednesday, September 18th. Four research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The company presently has an average rating of “Buy” and an average target price of $52.08.

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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