Traders See Bullish Options Activity Exelon Corporation

 Traders See Bullish Options Activity Exelon Corporation

In today’s session Exelon Corporation (EXC) registered an unusually high (1,867) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the January, 2018 call, expecting serious EXC increase. With 1,867 contracts traded and 17104 open interest for the Jan, 18 contract, it seems this is a quite bullish bet. The option with symbol: EXC180119C00035000 closed last at: $1.9 or 8.6% up. About 1.02 million shares traded hands. Exelon Corporation (NYSE:EXC) has declined 5.63% since March 14, 2016 and is downtrending. It has underperformed by 11.24% 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 $679.83 million for 11.14 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. Exelon Corporation has been the topic of 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. The firm has “Buy” rating given on Wednesday, January 27 by Citigroup. The rating was maintained by Jefferies with “Buy” on Monday, October 10. On Tuesday, August 16 the stock rating was maintained by JP Morgan with “Overweight”. The firm has “Buy” rating by Argus Research given on Monday, March 7. The firm has “Neutral” rating by UBS given on Thursday, October 13. The stock has “Buy” rating given by Deutsche Bank on Thursday, August 11. The stock has “Sell” rating given by Citigroup on Tuesday, February 23. The firm has “Equal-Weight” rating given on Wednesday, April 6 by Morgan Stanley. Wells Fargo maintained the shares of EXC in a report on Monday, August 31 with “Buy” rating. The stock of Exelon Corporation (NYSE:EXC) has “Buy” rating given on Monday, September 14 by Suntrust Robinson.

According to Zacks Investment Research, “Exelon Corporation is a utility holding company. Its subsidiaries are engaged principally in the production, purchase, transmission, distribution and sale of electricity to residential, commercial, industrial and wholesale customers and the distribution and sale of natural gas to residential, commercial and industrial customers. Exelon is a bold, creative, accountable and committed company, with employees dedicated in their efforts to set the standards for the utility services industry.”

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.
Moreover, Tph Asset Mngmt Ltd has 0.27% invested in Exelon Corporation (NYSE:EXC) for 77,935 shares. Analytic Invsts holds 0% of its portfolio in Exelon Corporation (NYSE:EXC) for 10,030 shares. Sumitomo Mitsui Tru last reported 2.86 million shares in the company. Bb&T Corp holds 0.02% of its portfolio in Exelon Corporation (NYSE:EXC) for 25,649 shares. Canada Pension Plan Invest Board holds 0.09% or 612,387 shares in its portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 0.13% or 279,732 shares. Rothschild Il has 47,994 shares for 0.22% of their US portfolio. Utah Retirement accumulated 162,265 shares or 0.16% of the stock. Moreover, Aqr Management Limited Liability Com has 0.35% invested in Exelon Corporation (NYSE:EXC) for 5.43M shares. The Minnesota-based Nepsis Cap Mngmt has invested 1.14% in Exelon Corporation (NYSE:EXC). Aviva Public Limited accumulated 0.14% or 574,007 shares. Wellington Management Limited Liability Partnership last reported 0.22% of its portfolio in the stock. Sumitomo Mitsui Asset Management, a Japan-based fund reported 71,398 shares. Cushing Asset Lp accumulated 0.13% or 100,000 shares. Tcw Group Inc Inc Inc last reported 67,600 shares in the company.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 3 insider sales for $12.86 million net activity. 30,000 shares were sold by Cornew Kenneth W., worth $1.09M on Friday, July 15. $224,105 worth of Exelon Corporation (NYSE:EXC) was sold by BUTLER CALVIN JR on Thursday, September 22. Another trade for 327,000 shares valued at $11.54M was made by SHATTUCK MAYO A III on Thursday, May 12.

Exelon Corporation is a utility services holding company. The company has a market cap of $30.28 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 21.97 P/E ratio. The Company’s Generation segment consists of generation, physical delivery and marketing of power across geographical regions.

EXC Company Profile

Exelon Corporation, incorporated on February 4, 1999, is a utility services holding company. The Firm operates through its subsidiaries, Exelon Generation Company, LLC (Generation), Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE). The Firm operates through nine divisions consisting of Generation’s six power marketing divisions, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions in Generation; ComEd; PECO, and BGE.

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