Exelon Co. (EXC) Sees Significant Increase in Short Interest
Exelon Co. (NYSE:EXC) was the target of a significant growth in short interest during the month of January. As of January 31st, there was short interest totalling 21,206,629 shares, a growth of 62.8% from the January 12th total of 13,027,108 shares. Based on an average daily volume of 7,025,852 shares, the days-to-cover ratio is currently 3.0 days. Approximately 2.2% of the company’s stock are short sold.
In other Exelon news, EVP Paymon Aliabadi sold 13,334 shares of Exelon stock in a transaction on Friday, December 8th. The shares were sold at an average price of $40.62, for a total value of $541,627.08. Following the transaction, the executive vice president now directly owns 26,435 shares of the company’s stock, valued at $1,073,789.70. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.70% of the stock is currently owned by insiders.
Large investors have recently bought and sold shares of the company. Bank of Nova Scotia Trust Co. acquired a new position in Exelon during the third quarter valued at $102,000. NuWave Investment Management LLC acquired a new position in Exelon during the fourth quarter valued at $105,000. Delpha Capital Management LLC acquired a new position in Exelon during the fourth quarter valued at $108,000. Baker Ellis Asset Management LLC acquired a new position in Exelon during the fourth quarter valued at $118,000. Finally, Cerebellum GP LLC acquired a new position in Exelon during the fourth quarter valued at $122,000. Institutional investors and hedge funds own 78.01% of the company’s stock.
Exelon (EXC) traded down $0.41 during trading hours on Wednesday, hitting $36.60. 7,662,806 shares of the stock traded hands, compared to its average volume of 7,265,811. Exelon has a 1-year low of $33.30 and a 1-year high of $42.67. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 1.01. The firm has a market capitalization of $35,170.00, a P/E ratio of 9.29, a P/E/G ratio of 2.60 and a beta of 0.23.
Exelon (NYSE:EXC) last posted 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 company had revenue of $8.38 billion for the quarter, compared to analyst estimates of $7.66 billion. During the same quarter in the previous year, the firm posted $0.44 earnings per share. The company’s quarterly revenue was up 6.4% on a year-over-year basis. research analysts forecast that Exelon will post 3.06 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 9th. Stockholders of record on Thursday, February 15th will be paid a dividend of $0.345 per share. This is an increase from Exelon’s previous quarterly dividend of $0.33. This represents a $1.38 annualized dividend and a dividend yield of 3.77%. The ex-dividend date is Wednesday, February 14th. Exelon’s payout ratio is presently 33.25%.
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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