Exelon Corporation (NASDAQ: EXC) Stock In Prove Me State


    Wellington Management Co. LLP has recently announced that it has increased stake in Exelon Corporation (NASDAQ:EXC) by 21.01%. After grabbing 80.96 million shares, the institutional investor is now in possession of 14.06 million shares of the Utilities Company. The new investment brought the stake of investor firm to 8.31% having worth around $3.13 billion. Moreover, SSgA Funds Management, Inc. increased its share by 1.67 million to have a control over 63.34 million shares. And BlackRock Fund Advisors raised its holdings to 1.01 million shares by acquiring 49.16 million shares or 5.05% of the stake.

    Exelon Corporation (EXC) concluded trading on 08/26/20 at a closing price of $37.28, with 6.0 million shares of worth about $223.53 million changed hands on the day. Weekly performance of the stock remained positive as price took a surge of 0.69% during that period and on Wednesday the price saw a gain of about 0.39%. Currently the company’s common shares owned by public are about 976.00M shares, out of which, 971.97M shares are available for trading.

    A deeper look into what the analysts at Wall Street are thinking about the price target of this stock provides us with the following: 20 analysts are covering the EXC stock and their offered price forecasts bring an average price target of $46.82. Over the next 12 months, analysts forecasted that the stock’s price could jump as high as $58.00 and could fall to a lowest price of $36.00. Analysts also issued an outlook of 2.20 for the Exelon Corporation stock for next 12 months. The stock’s current price level is 21.0% above of average price target set by the analysts, while a rise to estimated low would result in loss of -3.56 for the stock. However, touching the estimated high of $58.00 would mean a gain of 35.72% for the stock.

    According to filings with the U.S. Securities and Exchange Commission (SEC), insiders took part in trade of the company’s stock for 85 times over the past 12 months. They bought 774,409 shares in 62 of the transactions. In 23 selling transactions, insiders dumped 570,453 shares.

    Vanguard Wellington Fund, Vanguard Total Stock Market Index, and Vanguard 500 Index Fund are the top 3 mutual funds which are holding stakes in Exelon Corporation Vanguard Wellington Fund is currently holding 28.95 million shares of worth totaling $1.12 billion. The company recently came buying 10.67 million shares which brought its stake up to 2.97% of the company’s outstanding shares. Vanguard Total Stock Market Index sold 76538.0 shares, after which its hold over company’s outstanding shares shrunk to 2.84%, leaving 27.68 million shares with the mutual fund that have a worth of about $1.07 billion. Vanguard 500 Index Fund, after selling 20.1 million shares, have now control over 2.06% of the stake in the company. It holds -0.12 million shares of worth $775.88 million.

    Exelon Corporation (NASDAQ: EXC) started trading at $37.01, below -$0.12 from concluding price of the previous day. However, the stock finished the trading on the day at a closing price of $37.28, or with a gain of 0.39%. Stock saw a price change of 0.69% in past 5 days and over the past one month there was a price change of -1.83%. Year-to-date (YTD), EXC shares are showing a performance of -18.24% which decreased to -19.39% when we look at its performance for past 12 months. Over the period of past 52 weeks, stock dropped to lowest price of $29.28 but also hit the highest price of $50.54 during that period. While comparing its average daily trading volume of 5.97 million shares, we see that about 6.0 million changed hands on the day. The stock is currently trading -1.49% below its 20-day simple moving average (SMA20), while that difference is down -1.00% for SMA50 and it goes to -8.70% lower than SMA200.

    Wellington Management Co. LLP acquired 80.96 million shares of Exelon Corporation having value of about $3.13 billion. Data submitted at the U.S SEC by Wellington Management Co. LLP revealed that the firm now holds 14.06 million shares in the company valued at close to $524076014.24, or have control over 21.01% stake in the company. Exelon Corporation (NASDAQ: EXC) currently have 976.00M outstanding shares and institutions hold larger chunk of about 81.00% of that. Holding of mutual funds in the company is about 28.14% while other institutional holders and individual stake holders have control over 52.79% and 0.69% of the stake respectively.

    The stock has a current market capitalization of $36.12B and its 3Y-monthly beta is at 0.42. PE ratio of stock for trailing 12 months is 13.74, while it has posted earnings per share of $2.71 in the same period. It has Quick Ratio of 1.00 while making debt-to-equity ratio of 1.23. Volatility of a stock is a metric used to know how much the price of that stock is under influence and for EXC, volatility over the week remained 2.45% while standing at 2.39% over the month.

    Analysts are in expectations that Exelon Corporation (EXC) stock would likely to be making an EPS of $0.84 in the current quarter, while forecast for next quarter ESPS is $0.71 and it is $2.92 for next year. For the current quarter EPS, analysts have given the company a lowest target $0.78 which is $0.88 at the higher side of the target for the same. When we compare those targets with actual EPS, we find that company posted an EPS of $0.92 in the same quarter a year ago. Stock’s fiscal year EPS is expected to rise by 45.70% while it is estimated to decrease by -1.55% in next year. EPS is likely to shrink at an annualized rate of -3.49% for next 5-years, compared to annual growth of 9.90% made by the stock over the past 5-years.

    Analysts at 20 brokerage firms have issued recommendations for the Exelon Corporation (EXC)’s stock and average of those rates the stock at a “Moderate Buy” and assign it a score of 2.20. Out of those 20 Wall Street analysts, 15 recommended a “Buy” rating, while 3 were in favor recommending the stock as a “Hold” and 0 analyst recommended the stock as “Sell”.

    Digging deeper we find that several firms have released their research notes about the support levels of the stock. Most recent of them is a note released by BofA Securities on August 17, 2020 offering an Underperform rating for the stock and assigned a target price range of between $41 and $39 to it. Coverage by Mizuho stated Exelon Corporation (EXC) stock as an Underperform in their note to investors on July 24, 2020, suggesting a price target of for the stock. On May 20, 2020, Seaport Global Securities Initiated their recommendations, while on May 11, 2020, Vertical Research Upgrade their ratings for the stock with a price target of. Stock get a Hold rating from Vertical Research on February 25, 2020.


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