Exelon Corporation(NYSE:EXC) announced the earnings results for Fiscal Year 2016 and Q2. The results came in during Pre-market on Aug 9, 2016. Company reported revenue of $7.54B. Analysts estimated a revenue of $7.26B. Earnings per share were $0.65. Analysts had estimated an EPS of $0.55.
In a different note, On Jul 22, 2016, Deutsche Bank said it Upgrades its rating on Exelon Corporation. The shares have been rated ‘Buy’ by the firm. 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 Wednesdays trading session with the shares advancing 1.02% or 0.35 points. Due to strong positive momentum, the stock ended at $34.58, which is also near the day’s high of $34.66. The stock began the session at $34.19 and the volume stood at 62,49,005 shares. The 52-week high of the shares is $37.7 and the 52 week low is $25.09. The company has a current market capitalization of $31,913 M and it has 92,28,72,370 shares in outstanding.
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.