Traders Buy Exelon (EXC) on Weakness
Traders purchased shares of Exelon Co. (NYSE:EXC) on weakness during trading on Monday. $28.19 million flowed into the stock on the tick-up and $12.81 million flowed out of the stock on the tick-down, for a money net flow of $15.38 million into the stock. Of all equities tracked, Exelon had the 30th highest net in-flow for the day. Exelon traded down ($0.38) for the day and closed at $43.65
EXC has been the subject of a number of research reports. Citigroup increased their price target on Exelon from $44.00 to $45.00 and gave the company a “buy” rating in a research note on Monday, July 9th. Zacks Investment Research upgraded Exelon from a “hold” rating to a “buy” rating and set a $47.00 price target for the company in a research note on Friday, July 20th. KeyCorp raised their target price on Exelon from $40.00 to $43.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 30th. ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a research report on Friday, June 1st. Finally, Credit Suisse Group raised their target price on Exelon from $42.00 to $45.00 and gave the stock an “outperform” rating in a research report on Friday, May 4th. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. The company presently has a consensus rating of “Buy” and an average price target of $44.69.
The stock has a market capitalization of $42.53 billion, a PE ratio of 16.69, a price-to-earnings-growth ratio of 2.51 and a beta of 0.20. The company has a debt-to-equity ratio of 1.02, a current ratio of 1.19 and a quick ratio of 1.03.
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 10th. Stockholders of record on Wednesday, August 15th will be given a $0.345 dividend. This represents a $1.38 annualized dividend and a dividend yield of 3.18%. The ex-dividend date of this dividend is Tuesday, August 14th. Exelon’s dividend payout ratio (DPR) is presently 53.08%.
Several hedge funds have recently bought and sold shares of EXC. Global X Management Co. LLC raised its position in shares of Exelon by 8.0% in the 1st quarter. Global X Management Co. LLC now owns 28,808 shares of the energy giant’s stock worth $1,124,000 after acquiring an additional 2,144 shares in the last quarter. Wasatch Advisors Inc. raised its position in shares of Exelon by 6.8% in the 1st quarter. Wasatch Advisors Inc. now owns 310,017 shares of the energy giant’s stock worth $12,094,000 after acquiring an additional 19,677 shares in the last quarter. HL Financial Services LLC bought a new position in shares of Exelon in the 1st quarter worth about $247,000. Greenwich Wealth Management LLC bought a new position in shares of Exelon in the 1st quarter worth about $205,000. Finally, Daiwa Securities Group Inc. raised its position in shares of Exelon by 12.1% in the 1st quarter. Daiwa Securities Group Inc. now owns 32,078 shares of the energy giant’s stock worth $1,251,000 after acquiring an additional 3,462 shares in the last quarter. 78.64% of the stock is owned by hedge funds and other institutional investors.
Exelon Co is an utilities company in the Electric Utilities industry.
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