Exelon Corporation (NYSE:EXC) was the recipient of a significant growth in short interest in the month of May. As of May 31st, there was short interest totalling 22,764,138 shares, a growth of 31.7% from the May 15th total of 17,281,849 shares. Based on an average trading volume of 6,529,973 shares, the days-to-cover ratio is presently 3.5 days. Currently, 2.5% of the company’s shares are sold short.

Shares of Exelon Corporation (EXC) traded up 0.95% on Friday, hitting $36.06. 3,073,777 shares of the stock traded hands. The stock has a market cap of $33.40 billion, a P/E ratio of 17.09 and a beta of 0.26. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $37.70. The stock’s 50 day moving average price is $36.06 and its 200 day moving average price is $35.67.

Exelon Corporation (NYSE:EXC) last issued its quarterly earnings data on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Exelon Corporation had a net margin of 6.10% and a return on equity of 9.00%. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.69 billion. During the same quarter in the previous year, the firm earned $0.68 EPS. The company’s quarterly revenue was up 15.6% compared to the same quarter last year. On average, equities analysts expect that Exelon Corporation will post $2.67 EPS for the current fiscal year.

Several equities analysts recently issued reports on the stock. UBS AG upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the company from $36.00 to $37.50 in a research report on Monday, May 15th. BidaskClub cut shares of Exelon Corporation from a “buy” rating to a “hold” rating in a research report on Friday, June 30th. Morgan Stanley cut shares of Exelon Corporation from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $40.00 to $37.00 in a research report on Tuesday, March 28th. They noted that the move was a valuation call. Credit Suisse Group reiterated a “buy” rating and set a $42.00 price target on shares of Exelon Corporation in a research report on Tuesday, May 30th. Finally, ValuEngine cut shares of Exelon Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Exelon Corporation has an average rating of “Hold” and a consensus target price of $38.86.

In related news, Chairman Mayo A. Shattuck III sold 465,892 shares of the business’s stock in a transaction dated Monday, June 12th. The shares were sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the transaction, the chairman now owns 567,649 shares in the company, valued at $20,730,541.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $37.05, for a total transaction of $493,987.65. Following the transaction, the executive vice president now owns 53,102 shares in the company, valued at approximately $1,967,429.10. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by insiders.

Several hedge funds and other institutional investors have recently modified their holdings of EXC. BlackRock Inc. increased its position in shares of Exelon Corporation by 3,711.9% in the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock worth $2,672,738,000 after buying an additional 72,335,239 shares during the last quarter. Vanguard Group Inc. increased its position in shares of Exelon Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 64,584,297 shares of the energy giant’s stock worth $2,323,743,000 after buying an additional 2,744,360 shares during the last quarter. State Street Corp increased its position in shares of Exelon Corporation by 1.9% in the first quarter. State Street Corp now owns 56,988,557 shares of the energy giant’s stock worth $2,050,464,000 after buying an additional 1,066,298 shares during the last quarter. FMR LLC increased its position in shares of Exelon Corporation by 4.4% in the first quarter. FMR LLC now owns 48,274,820 shares of the energy giant’s stock worth $1,736,928,000 after buying an additional 2,041,157 shares during the last quarter. Finally, Wellington Management Group LLP increased its position in shares of Exelon Corporation by 0.8% in the first quarter. Wellington Management Group LLP now owns 23,861,309 shares of the energy giant’s stock worth $858,530,000 after buying an additional 180,098 shares during the last quarter. 75.07% of the stock is currently owned by hedge funds and other institutional investors.

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About Exelon Corporation

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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