Short Interest in Exelon Declines By 12.3% (EXC)
Exelon (NYSE:EXC) saw a significant drop in short interest in the month of April. As of April 15th, there was short interest totalling 34,731,875 shares, a drop of 12.3% from the March 31st total of 39,593,893 shares, AmericanBankingNews.com reports. Currently, 4.1% of the shares of the stock are short sold. Based on an average daily volume of 7,827,421 shares, the short-interest ratio is currently 4.4 days.
Several analysts have recently commented on the stock. Analysts at Wolfe Research upgraded shares of Exelon from a “market perform” rating to an “outperform” rating in a research note on Tuesday. Separately, analysts at JPMorgan Chase & Co. reiterated a “neutral” rating on shares of Exelon in a research note on Thursday, May 1st. They now have a $33.00 price target on the stock. Finally, analysts at Zacks reiterated a “neutral” rating on shares of Exelon in a research note on Thursday, May 1st. They now have a $37.00 price target on the stock. Six equities research analysts have rated the stock with a sell rating, six have assigned a hold rating and six have given a buy rating to the stock. Exelon currently has an average rating of “Hold” and a consensus price target of $32.19.
Shares of Exelon (NYSE:EXC) opened at 36.48 on Friday. Exelon has a 1-year low of $26.45 and a 1-year high of $36.84. The stock’s 50-day moving average is $34.9 and its 200-day moving average is $30.09. The company has a market cap of $31.326 billion and a price-to-earnings ratio of 17.45.
Exelon (NYSE:EXC) last posted its quarterly earnings results on Wednesday, April 30th. The company reported $0.62 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.69 by $0.07. The company had revenue of $7.24 billion for the quarter, compared to the consensus estimate of $6.31 billion. During the same quarter last year, the company posted $0.70 earnings per share. Analysts expect that Exelon will post $2.37 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Shareholders of record on Friday, May 16th will be given a dividend of $0.31 per share. This represents a $1.24 dividend on an annualized basis and a yield of 3.40%. The ex-dividend date of this dividend is Wednesday, May 14th.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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