Short Interest in Exelon Co. (EXC) Increases By 62.8%

Exelon Co. (NYSE:EXC) saw a large increase in short interest during the month of January. As of January 31st, there was short interest totalling 21,206,629 shares, an increase of 62.8% from the January 12th total of 13,027,108 shares. Based on an average trading volume of 7,025,852 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.2% of the shares of the company are short sold.

In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of Exelon stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the completion of the transaction, the executive vice president now owns 26,435 shares of the company’s stock, valued at approximately $1,073,789.70. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 0.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Dimensional Fund Advisors LP lifted its position in Exelon by 0.4% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,680,115 shares of the energy giant’s stock worth $60,598,000 after buying an additional 7,069 shares during the last quarter. Macquarie Group Ltd. lifted its position in Exelon by 9.0% in the 2nd quarter. Macquarie Group Ltd. now owns 34,000 shares of the energy giant’s stock worth $1,226,000 after buying an additional 2,800 shares during the last quarter. Scotia Capital Inc. lifted its position in Exelon by 8.6% in the 2nd quarter. Scotia Capital Inc. now owns 8,868 shares of the energy giant’s stock worth $320,000 after buying an additional 699 shares during the last quarter. Public Employees Retirement System of Ohio lifted its position in Exelon by 4.2% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 637,556 shares of the energy giant’s stock worth $22,997,000 after buying an additional 25,852 shares during the last quarter. Finally, WINTON GROUP Ltd bought a new stake in Exelon in the 2nd quarter worth approximately $1,143,000. 77.71% of the stock is owned by institutional investors.

EXC has been the subject of a number of recent analyst reports. Zacks Investment Research raised Exelon from a “sell” rating to a “hold” rating in a report on Friday, October 20th. Bank of America initiated coverage on Exelon in a report on Tuesday, October 24th. They set a “buy” rating and a $43.00 target price for the company. Royal Bank of Canada reaffirmed a “buy” rating and set a $43.00 target price on shares of Exelon in a report on Tuesday, November 7th. Morgan Stanley lifted their target price on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a report on Wednesday, December 13th. Finally, Mizuho initiated coverage on Exelon in a report on Friday, December 15th. They set an “underperform” rating and a $36.00 target price for the company. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus target price of $41.03.

Exelon (NYSE:EXC) opened at $36.86 on Monday. Exelon has a twelve month low of $33.30 and a twelve month high of $42.67. The company has a current ratio of 1.10, a quick ratio of 0.89 and a debt-to-equity ratio of 1.01. The company has a market capitalization of $35,420.00, a PE ratio of 9.36, a PEG ratio of 2.61 and a beta of 0.23.

Exelon (NYSE:EXC) last issued its quarterly earnings data on Wednesday, February 7th. The energy giant reported $0.55 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.60 by ($0.05). Exelon had a return on equity of 8.35% and a net margin of 11.53%. The business had revenue of $8.38 billion for the quarter, compared to analysts’ expectations of $7.66 billion. During the same period in the previous year, the firm posted $0.44 EPS. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. research analysts forecast that Exelon will post 3.06 EPS for the current fiscal year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be issued a dividend of $0.345 per share. This is a positive change from Exelon’s previous quarterly dividend of $0.33. The ex-dividend date is Wednesday, February 14th. This represents a $1.38 annualized dividend and a dividend yield of 3.74%. Exelon’s payout ratio is presently 33.25%.

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About Exelon

Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.

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