Brokerage firm Deutsche Bank Upgrades its rating on Exelon Corporation(NYSE:EXC). The shares have been rated Buy. Previously, the analysts had a Hold rating on the shares. The rating by Deutsche Bank was issued on Jul 22, 2016.
In a different note, On Jul 20, 2016, Citigroup said it Maintains its rating on Exelon Corporation. In the research note, the firm Raises the price-target to $27.00 per share. The shares have been rated ‘Sell’ by the firm.
Exelon Corporation (EXC) made into the market gainers list on Thursdays trading session with the shares advancing 0.74% or 0.27 points. Due to strong positive momentum, the stock ended at $36.86, which is also near the day’s high of $36.935. The stock began the session at $36.56 and the volume stood at 31,51,879 shares. The 52-week high of the shares is $37.55 and the 52 week low is $25.09. The company has a current market capitalization of $32,706 M and it has 88,73,13,970 shares in outstanding.
Exelon Corporation(EXC) last announced its earnings results on May 6, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $7.57B. Analysts had an estimated revenue of $7.52B. Earnings per share were $0.68. Analysts had estimated an EPS of $0.68.
Several Insider Transactions has been reported to the SEC. On Jul 18, 2016, Kenneth W. Cornew (Sr. EVP, Pres & CEO Generation) sold 30,000 shares at $36.47 per share price.Also, On Feb 8, 2016, Calvin Jr Butler (CEO, BGE) sold 5,000 shares at $32.42 per share price.On Feb 5, 2016, Duane M Desparte (SVP and Controller) sold 3,000 shares at $32.36 per share price, according to the Form-4 filing with the securities and exchange commission.
Exelon Corporation (Exelon) is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company LLC’s (Generation) six marketing segments Commonwealth Edison Company (ComEd) PECO Energy Company (PECO) and Baltimore Gas and Electric Company (BGE). Generation’s business consists of the generation physical delivery and marketing of power across geographical regions. ComEd’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity transmission and distribution services to retail customers. PECO’s business consists of the purchase and regulated retail sale of electricity and the provision of electricity distribution and transmission services. BGE’s business consists of the purchase and regulated retail sale of electricity and natural gas and the provision of electricity distribution and transmission and gas distribution services.