Exelon Corporation on Focus After Bullish Options Activity

 Exelon Corporation on Focus After Bullish Options Activity

In today’s session Exelon Corporation (EXC) registered an unusually high (578) contracts volume of call trades. Someone, most probably a professional was a very active buyer of the November, 2016 call, expecting serious EXC increase. With 578 contracts traded and 62574 open interest for the Nov, 16 contract, it seems this is a quite bullish bet. The option with symbol: EXC161118C00034000 closed last at: $0.25 or 16.7% down. About 1.62 million shares traded hands. Exelon Corporation (NYSE:EXC) has declined 2.01% since April 7, 2016 and is downtrending. It has underperformed by 6.79% the S&P500.

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 $35.53 average target is 9.86% above today’s ($32.34) stock price. Exelon Corporation has been the topic of 36 analyst reports since July 21, 2015 according to StockzIntelligence Inc. Morgan Stanley reinitiated it with “Equal-Weight” rating and $38 target price in Wednesday, April 6 report. The firm has “Buy” rating given on Monday, October 10 by Jefferies. The firm has “Neutral” rating by UBS given on Thursday, October 13. Wolfe Research downgraded Exelon Corporation (NYSE:EXC) on Thursday, March 24 to “Peer Perform” rating. As per Friday, July 22, the company rating was upgraded by Deutsche Bank. JP Morgan maintained the stock with “Overweight” rating in Tuesday, August 16 report. The firm earned “Overweight” rating on Wednesday, August 31 by Barclays Capital. The stock of Exelon Corporation (NYSE:EXC) has “Sell” rating given on Wednesday, July 20 by Citigroup. The firm has “Hold” rating by Deutsche Bank given on Monday, April 18. The rating was maintained by Goldman Sachs on Monday, April 11 with “Neutral”.

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 worsened, 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.
Inv Centers Of America Inc holds 17,394 shares or 0.12% of its portfolio. Sentry Invs last reported 152,150 shares in the company. Blackrock Limited accumulated 8.85 million shares or 0.17% of the stock. Moreover, Cullen Frost Bankers has 0.01% invested in Exelon Corporation (NYSE:EXC) for 9,422 shares. Cornerstone Inv Prtn Ltd owns 9,865 shares or 0.01% of their US portfolio. West Chester accumulated 0.68% or 12,483 shares. Vsr Ser Incorporated, a Kansas-based fund reported 14,238 shares. Allianz Asset Mgmt Ag last reported 1.24 million shares in the company. Peapack Gladstone Fin Corp has invested 0% of its portfolio in Exelon Corporation (NYSE:EXC). Dt Prtnrs Ltd Co accumulated 0.29% or 29,796 shares. Cranbrook Wealth Limited Liability Company holds 0% of its portfolio in Exelon Corporation (NYSE:EXC) for 150 shares. Covington Investment has 0.58% invested in the company for 36,320 shares. Seven Eight Cap Ltd Company reported 8,979 shares or 0.11% of all its holdings. Hennessy Inc has 514,031 shares for 0.57% of their US portfolio. Snow Management Limited Partnership, a Pennsylvania-based fund reported 171,760 shares.

Insider Transactions: Since May 12, 2016, the stock had 0 insider purchases, and 2 insider sales for $1.32 million net activity. On Friday, July 15 the insider Cornew Kenneth W. sold $1.09 million. Another trade for 327,000 shares valued at $11.54 million was made by SHATTUCK MAYO A III on Thursday, May 12. On Thursday, September 22 BUTLER CALVIN JR sold $224,105 worth of the stock or 6,403 shares.

Exelon Corporation is a utility services holding company. The company has a market cap of $30.07 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 24.11 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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