What Could Be Propelling Exelon Corporation to Decrease?

 What Could Be Propelling Exelon Corporation to Decrease?

In today’s session Exelon Corporation (EXC) recorded an unusually high (417) contracts volume of put trades. Someone, most probably a professional was a very active buyer of the October, 2016 put, expecting serious EXC decrease. With 417 contracts traded and 36074 open interest for the Oct, 16 contract, it seems this is a quite bearish bet. The option with symbol: EXC161021P00032000 closed last at: $0.3 or 0% . The stock decreased 2.78% or $0.91 during the last trading session, hitting $31.86. About 5.73M shares traded hands or 30.82% up from the average. Exelon Corporation (NYSE:EXC) has risen 3.15% since March 1, 2016 and is uptrending. It has underperformed by 6.09% the S&P500.

Analysts await Exelon Corporation (NYSE:EXC) to report earnings on November, 4. They expect $0.74 earnings per share, down 10.84% or $0.09 from last year’s $0.83 per share. EXC’s profit will be $672.18M for 10.76 P/E if the $0.74 EPS becomes a reality. After $0.65 actual earnings per share reported by Exelon Corporation for the previous quarter, Wall Street now forecasts 13.85% EPS growth.

Exelon Corporation (NYSE:EXC) Ratings Coverage

Out of 17 analysts covering Exelon Corporation (NYSE:EXC), 10 rate it a “Buy”, 1 “Sell”, while 6 “Hold”. This means 59% are positive. $40 is the highest target while $27 is the lowest. The $35.33 average target is 10.89% above today’s ($31.86) stock price. Exelon Corporation has been the topic of 34 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The rating was downgraded by Wolfe Research on Thursday, March 24 to “Peer Perform”. Barclays Capital maintained Exelon Corporation (NYSE:EXC) rating on Wednesday, August 31. Barclays Capital has “Overweight” rating and $39 price target. The stock of Exelon Corporation (NYSE:EXC) has “Buy” rating given on Thursday, August 11 by Deutsche Bank. Deutsche Bank downgraded the shares of EXC in a report on Monday, April 18 to “Hold” rating. On Tuesday, August 25 the stock rating was downgraded by Guggenheim to “Buy”. The company was initiated on Friday, September 18 by Citigroup. The company was maintained on Monday, April 11 by Goldman Sachs. The rating was downgraded by Citigroup to “Sell” on Tuesday, February 23. The stock has “Buy” rating given by Wells Fargo on Monday, August 31. Morgan Stanley reinitiated the shares of EXC in a report on Wednesday, April 6 with “Equal-Weight” rating.

Insitutional Activity: The institutional sentiment decreased to 0.96 in Q2 2016. Its down 0.21, from 1.17 in 2016Q1. The ratio turned negative, as 56 funds sold all Exelon Corporation shares owned while 256 reduced positions. 66 funds bought stakes while 235 increased positions. They now own 673.21 million shares or 2.78% less from 692.44 million shares in 2016Q1.
Livforsakringsbolaget Skandia Omsesidigt holds 90,237 shares or 0.15% of its portfolio. Kanaly Company holds 0.01% or 1,061 shares in its portfolio. Pictet Asset Management Limited last reported 0.85% of its portfolio in the stock. Moreover, Mutual Of America Cap Mgmt Limited Company has 0.08% invested in Exelon Corporation (NYSE:EXC) for 107,103 shares. Moreover, Pinnacle Advisory Inc has 0.02% invested in Exelon Corporation (NYSE:EXC) for 7,210 shares. The New York-based Cohen Klingenstein Limited Liability Corporation has invested 0.05% in Exelon Corporation (NYSE:EXC). Victory Capital Management has 192,627 shares for 0.03% of their US portfolio. United Automobile Association accumulated 286,691 shares or 0.04% of the stock. The New York-based Clinton Gru has invested 0.2% in Exelon Corporation (NYSE:EXC). The Massachusetts-based Cadence Capital Ltd has invested 0.04% in Exelon Corporation (NYSE:EXC). Texas Yale Cap has 10,725 shares for 0.04% of their US portfolio. Columbia Partners L L C Investment Mgmt has 0.08% invested in the company for 29,792 shares. Engineers Gate Manager Ltd Partnership, a New York-based fund reported 145,038 shares. Reliance Co Of Delaware accumulated 22,259 shares or 0.06% of the stock. Buckingham Asset Mngmt Limited Liability Corporation accumulated 0.07% or 5,505 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 insider buys, and 3 insider sales for $12.86 million net activity. $1.09 million worth of Exelon Corporation (NYSE:EXC) was sold by Cornew Kenneth W.. The insider BUTLER CALVIN JR sold 6,403 shares worth $224,105. $11.54M worth of Exelon Corporation (NYSE:EXC) was sold by SHATTUCK MAYO A III.

Exelon Corporation is a utility services holding company. The company has a market cap of $28.94 billion. The Firm operates through nine divisions consisting of Exelon Generation Company, LLC’s six power marketing divisions, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE). It has a 21.24 P/E ratio. The Company’s Generation segment consists of generation, physical delivery and marketing of power across geographical regions.

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