Investors Buy Large Volume of Exelon Call Options (EXC)

Exelon Co. (NYSE:EXC) was the target of some unusual options trading on Monday. Stock traders acquired 6,209 call options on the stock. This represents an increase of approximately 958% compared to the average volume of 587 call options.

Exelon (EXC) opened at $37.95 on Thursday. The firm has a market capitalization of $36,460.00, a P/E ratio of 17.02, a price-to-earnings-growth ratio of 3.09 and a beta of 0.30. Exelon has a 1 year low of $33.30 and a 1 year high of $42.67. The company has a debt-to-equity ratio of 1.06, a quick ratio of 0.89 and a current ratio of 1.03.

Exelon (NYSE:EXC) last posted its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). The company had revenue of $8.77 billion for the quarter, compared to analyst estimates of $8.58 billion. Exelon had a return on equity of 8.19% and a net margin of 6.59%. The firm’s revenue for the quarter was down 2.6% compared to the same quarter last year. During the same period last year, the firm earned $0.91 EPS. sell-side analysts forecast that Exelon will post 2.65 earnings per share for the current fiscal year.

Several equities analysts have recently weighed in on EXC shares. Zacks Investment Research cut Exelon from a “hold” rating to a “sell” rating in a report on Tuesday, October 10th. Royal Bank of Canada reissued a “buy” rating and issued a $43.00 target price on shares of Exelon in a research report on Tuesday, November 7th. Morgan Stanley lifted their target price on Exelon from $42.00 to $43.00 and gave the company an “equal weight” rating in a research report on Wednesday, December 13th. ValuEngine raised Exelon from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Mizuho started coverage on Exelon in a research report on Friday, December 15th. They issued an “underperform” rating and a $36.00 target price on the stock. Two equities research analysts have rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $40.53.

In other news, EVP Paymon Aliabadi sold 13,334 shares of Exelon stock in a transaction dated Friday, December 8th. The stock was sold at an average price of $40.62, for a total transaction of $541,627.08. Following the transaction, the executive vice president now owns 26,435 shares in the company, valued at approximately $1,073,789.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Mayo A. Shattuck III sold 34,585 shares of Exelon stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $40.25, for a total value of $1,392,046.25. Following the transaction, the chairman now owns 402,234 shares in the company, valued at approximately $16,189,918.50. The disclosure for this sale can be found here. Insiders have sold a total of 1,287,788 shares of company stock worth $51,778,749 in the last quarter. 0.70% of the stock is currently owned by company insiders.

Large investors have recently bought and sold shares of the business. Andra AP fonden increased its position in shares of Exelon by 7.8% during the 3rd quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock worth $6,027,000 after purchasing an additional 11,600 shares during the last quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp boosted its stake in shares of Exelon by 2.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 544,544 shares of the energy giant’s stock worth $20,513,000 after acquiring an additional 10,516 shares during the period. State of Wisconsin Investment Board boosted its stake in shares of Exelon by 6.7% during the 3rd quarter. State of Wisconsin Investment Board now owns 1,290,400 shares of the energy giant’s stock worth $48,609,000 after acquiring an additional 80,586 shares during the period. Toronto Dominion Bank boosted its stake in shares of Exelon by 24.2% during the 2nd quarter. Toronto Dominion Bank now owns 1,453,732 shares of the energy giant’s stock worth $52,426,000 after acquiring an additional 283,664 shares during the period. Finally, Baillie Gifford & Co. boosted its stake in shares of Exelon by 8.0% during the 2nd quarter. Baillie Gifford & Co. now owns 404,952 shares of the energy giant’s stock worth $14,606,000 after acquiring an additional 29,825 shares during the period. 77.26% of the stock is currently owned by hedge funds and other institutional investors.

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Exelon 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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