Short Interest in Exelon Co. (NYSE:EXC) Grows By 11.1%

Exelon Co. (NYSE:EXC) was the recipient of a significant increase in short interest during the month of October. As of October 31st, there was short interest totalling 11,710,000 shares, an increase of 11.1% from the September 30th total of 10,540,000 shares. Approximately 1.2% of the company’s shares are sold short. Based on an average trading volume of 6,070,000 shares, the short-interest ratio is presently 1.9 days.

Several hedge funds and other institutional investors have recently made changes to their positions in EXC. Kempen Capital Management N.V. purchased a new stake in Exelon in the second quarter worth about $27,000. Atwater Malick LLC purchased a new stake in Exelon in the third quarter worth about $27,000. Asset Dedication LLC grew its holdings in Exelon by 117.6% in the third quarter. Asset Dedication LLC now owns 555 shares of the energy giant’s stock worth $27,000 after purchasing an additional 300 shares during the period. Quantamental Technologies LLC purchased a new stake in Exelon in the second quarter worth about $29,000. Finally, Manchester Financial Inc. purchased a new stake in Exelon in the second quarter worth about $30,000. Institutional investors own 78.99% of the company’s stock.

Shares of NYSE EXC traded up $0.39 during midday trading on Friday, hitting $45.02. 4,534,489 shares of the company traded hands, compared to its average volume of 5,574,398. Exelon has a 12-month low of $43.10 and a 12-month high of $51.18. The company has a debt-to-equity ratio of 0.95, a quick ratio of 0.77 and a current ratio of 0.90. The stock has a 50-day moving average price of $46.28 and a 200 day moving average price of $47.58. The firm has a market cap of $43.26 billion, a P/E ratio of 14.43, a P/E/G ratio of 4.50 and a beta of 0.26.

Exelon (NYSE:EXC) last announced its quarterly earnings results on Thursday, October 31st. The energy giant reported $0.92 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.89 by $0.03. Exelon had a net margin of 6.43% and a return on equity of 8.47%. The company had revenue of $9.40 billion for the quarter, compared to analysts’ expectations of $8.70 billion. During the same quarter in the previous year, the company earned $0.88 earnings per share. Exelon’s quarterly revenue was up 16.4% on a year-over-year basis. As a group, equities analysts expect that Exelon will post 3.14 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 10th. Investors of record on Friday, November 15th will be given a dividend of $0.3625 per share. This represents a $1.45 annualized dividend and a dividend yield of 3.22%. The ex-dividend date is Thursday, November 14th. Exelon’s dividend payout ratio is currently 46.47%.

EXC has been the subject of several recent analyst reports. SunTrust Banks lowered their price objective on shares of Exelon to $46.00 and set a “hold” rating for the company in a research note on Friday, October 18th. ValuEngine downgraded shares of Exelon from a “buy” rating to a “hold” rating in a research note on Tuesday, July 23rd. Wolfe Research set a $55.00 price objective on shares of Exelon and gave the company a “buy” rating in a research note on Friday, November 1st. Barclays reaffirmed a “buy” rating and set a $54.00 price objective on shares of Exelon in a research note on Thursday, September 26th. Finally, Morgan Stanley raised shares of Exelon from an “equal weight” rating to an “overweight” rating in a research note on Friday, September 6th. Four equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Exelon presently has a consensus rating of “Buy” and an average price target of $52.00.

Exelon Company Profile

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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