Traders Buy Shares of Exelon Corporation (EXC) on Weakness on Insider Selling

Investors purchased shares of Exelon Corporation (NYSE:EXC) on weakness during trading hours on Wednesday following insider selling activity. $40.10 million flowed into the stock on the tick-up and $20.89 million flowed out of the stock on the tick-down, for a money net flow of $19.21 million into the stock. Of all companies tracked, Exelon Corporation had the 20th highest net in-flow for the day. Exelon Corporation traded down ($0.06) for the day and closed at $40.15Specifically, EVP Kenneth W. Cornew sold 25,000 shares of Exelon Corporation stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $37.44, for a total value of $936,000.00. Following the transaction, the executive vice president now directly owns 28,363 shares of the company’s stock, valued at approximately $1,061,910.72. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Mayo A. Shattuck III sold 34,585 shares of Exelon Corporation stock in a transaction that occurred on Monday, October 30th. The stock was sold at an average price of $40.25, for a total value of $1,392,046.25. Following the completion of the transaction, the chairman now directly owns 402,234 shares in the company, valued at $16,189,918.50. The disclosure for this sale can be found here. Insiders sold a total of 1,212,787 shares of company stock valued at $48,570,909 in the last 90 days. 0.70% of the stock is currently owned by corporate insiders.

A number of equities analysts have commented on the company. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Thursday, October 12th. J P Morgan Chase & Co lifted their price target on Exelon Corporation from $40.00 to $42.00 and gave the stock an “overweight” rating in a research note on Thursday, October 12th. Barclays PLC reaffirmed an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Monday, July 17th. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.43.

Exelon Corporation (NYSE:EXC) last issued its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The business had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. During the same period in the prior year, the business posted $0.91 earnings per share. Exelon Corporation’s revenue was down 2.6% on a year-over-year basis.

The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be paid a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is currently 68.59%.

Hedge funds have recently modified their holdings of the stock. Sandy Spring Bank lifted its stake in shares of Exelon Corporation by 10.1% during the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after acquiring an additional 271 shares during the last quarter. Live Your Vision LLC lifted its stake in shares of Exelon Corporation by 0.9% during the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock worth $115,000 after acquiring an additional 26 shares during the last quarter. V Wealth Management LLC bought a new stake in shares of Exelon Corporation during the 2nd quarter worth approximately $111,000. Sterling Investment Advisors Ltd. lifted its stake in shares of Exelon Corporation by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after acquiring an additional 37 shares during the last quarter. Finally, Hudock Capital Group LLC lifted its stake in shares of Exelon Corporation by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after acquiring an additional 13 shares during the last quarter. 77.28% of the stock is owned by hedge funds and other institutional investors.

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Exelon Corporation Company Profile

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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