Exelon Short Interest Down 9.8% in April (EXC)
Exelon (NYSE:EXC) was the recipient of a significant drop in short interest during the month of April. As of April 30th, there was short interest totalling 31,311,161 shares, a drop of 9.8% from the April 15th total of 34,731,875 shares, Analyst RN reports. Approximately 3.7% of the company’s shares are short sold. Based on an average daily volume of 6,922,792 shares, the days-to-cover ratio is currently 4.5 days.
A number of analysts have recently weighed in on EXC shares. Analysts at Deutsche Bank reiterated a “buy” rating on shares of Exelon in a research note on Thursday. They now have a $38.00 price target on the stock. Separately, 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. Finally, 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. Six equities research analysts have rated the stock with a sell rating, five have issued a hold rating and seven have issued a buy rating to the company. Exelon currently has a consensus rating of “Hold” and an average target price of $32.33.
Exelon (NYSE:EXC) opened at 34.15 on Monday. Exelon has a 52 week low of $26.45 and a 52 week high of $36.84. The stock has a 50-day moving average of $35.38 and a 200-day moving average of $30.58. The company has a market cap of $29.325 billion and a P/E ratio of 16.24.
Exelon (NYSE:EXC) last issued its quarterly earnings data 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. On average, analysts predict that Exelon will post $2.38 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which is scheduled for Tuesday, June 10th. Shareholders of record on Friday, May 16th will be paid a dividend of $0.31 per share. This represents a $1.24 annualized dividend and a dividend yield of 3.63%. The ex-dividend date is Wednesday, May 14th.
Exelon Corporation (NYSE:EXC) is an energy provider and holding company for several energy businesses.
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