Exelon Sees Unusually High Options Volume (EXC)
Exelon (NYSE:EXC) saw some unusual options trading on Wednesday. Stock investors purchased 13,864 put options on the company, Analyst Ratings Network.com reports. This is an increase of 129% compared to the typical volume of 6,067 put options.
EXC has been the subject of a number of recent research reports. Analysts at Zacks reiterated a “neutral” rating on shares of Exelon in a research note on Thursday, May 15th. They now have a $37.00 price target on the stock. Separately, analysts at Ned Davis Research upgraded shares of Exelon from a “neutral” rating to a “buy” rating in a research note on Monday, May 12th. Finally, analysts at Wolfe Research upgraded shares of Exelon from a “market perform” rating to an “outperform” rating in a research note on Tuesday, May 6th. Six equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and seven have issued a buy rating to the company. The company has a consensus rating of “Hold” and an average price target of $32.33.
Shares of Exelon (NYSE:EXC) traded up 0.03% during mid-day trading on Wednesday, hitting $33.90. 7,732,391 shares of the company’s stock traded hands. Exelon has a 1-year low of $26.45 and a 1-year high of $36.84. The stock has a 50-day moving average of $35.38 and a 200-day moving average of $30.50. The company has a market cap of $29.111 billion and a P/E ratio of 16.09.
Exelon (NYSE:EXC) last announced its earnings results on Wednesday, April 30th. The company reported $0.62 EPS for the quarter, missing the Thomson Reuters 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 in the prior year, the company posted $0.70 earnings per share. Analysts expect that Exelon will post $2.39 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which is scheduled for Tuesday, June 10th. Stockholders 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 3.66%. 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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