Stock Traders Buy High Volume of Put Options on Exelon (NYSE:EXC)
Exelon Co. (NYSE:EXC) was the target of unusually large options trading on Thursday. Traders acquired 20,695 put options on the company. This is an increase of approximately 1,695% compared to the typical daily volume of 1,153 put options.
NYSE:EXC opened at $44.71 on Friday. The firm has a market capitalization of $43.55 billion, a PE ratio of 14.33, a price-to-earnings-growth ratio of 4.50 and a beta of 0.26. The business’s fifty day moving average price is $46.74 and its 200 day moving average price is $47.74. The company has a debt-to-equity ratio of 0.95, a current ratio of 0.90 and a quick ratio of 0.77. Exelon has a 12 month low of $43.10 and a 12 month high of $51.18.
Exelon (NYSE:EXC) last posted its earnings results on Thursday, October 31st. The energy giant reported $0.92 EPS for the quarter, beating the consensus estimate of $0.89 by $0.03. The firm had revenue of $9.40 billion for the quarter, compared to analyst estimates of $8.70 billion. Exelon had a return on equity of 8.47% and a net margin of 6.43%. Exelon’s revenue for the quarter was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.88 earnings per share. As a group, equities analysts anticipate that Exelon will post 3.14 EPS for the current year.
A number of research firms have recently weighed in on EXC. Morgan Stanley raised Exelon from an “equal weight” rating to an “overweight” rating in a research report on Friday, September 6th. Barclays reaffirmed a “buy” rating and set a $54.00 price objective on shares of Exelon in a research report on Thursday, September 26th. Wolfe Research set a $55.00 price objective on Exelon and gave the stock a “buy” rating in a research report on Friday, November 1st. Credit Suisse Group cut their price objective on Exelon from $51.00 to $50.00 and set an “outperform” rating on the stock in a research report on Friday, October 18th. Finally, Mizuho cut their price objective on Exelon from $49.00 to $47.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 16th. Four analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $52.00.
A number of large investors have recently bought and sold shares of EXC. Nuveen Asset Management LLC increased its holdings in Exelon by 16,120.7% in the second quarter. Nuveen Asset Management LLC now owns 5,935,141 shares of the energy giant’s stock valued at $284,531,000 after buying an additional 5,898,551 shares during the last quarter. BlackRock Inc. boosted its stake in Exelon by 2.1% in the second quarter. BlackRock Inc. now owns 73,786,054 shares of the energy giant’s stock valued at $3,537,307,000 after acquiring an additional 1,551,062 shares in the last quarter. State of Michigan Retirement System boosted its stake in Exelon by 645.6% in the third quarter. State of Michigan Retirement System now owns 1,733,597 shares of the energy giant’s stock valued at $83,750,000 after acquiring an additional 1,501,100 shares in the last quarter. First Trust Advisors LP boosted its stake in Exelon by 101.0% in the second quarter. First Trust Advisors LP now owns 2,173,317 shares of the energy giant’s stock valued at $104,189,000 after acquiring an additional 1,092,170 shares in the last quarter. Finally, Zimmer Partners LP acquired a new position in Exelon in the second quarter valued at $49,968,000. 78.99% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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