Goldman Sachs Reinstates Exelon Corporation to Neutral

Brokerage firm Goldman Sachs Reinstates its rating on Exelon Corporation(NYSE:EXC). The shares have been rated Neutral. The rating by Goldman Sachs was issued on Apr 11, 2016.

In a different note, On Mar 24, 2016, Wolfe Research said it Downgrades its rating on Exelon Corporation. The shares have been rated ‘Peer Perform’ by the firm. Barclays said it Initiates Coverage on Exelon Corporation, according to a research note issued on Mar 24, 2016. The shares have been rated ‘Overweight’ by the firm. On Mar 7, 2016, Argus Research said it Upgrades its rating on Exelon Corporation. The shares have been rated ‘Buy’ by the firm. On Feb 23, 2016, Citigroup said it Downgrades its rating on Exelon Corporation. In the research note, the firm Lowers the price-target to $28.00 per share. The shares have been rated ‘Sell’ by the firm. On Feb 17, 2016, Deutsche Bank said it Maintains its rating on Exelon Corporation. In the research note, the firm Lowers the price-target to $36.00 per share. The shares have been rated ‘Buy’ by the firm. On Feb 4, 2016, Deutsche Bank said it Maintains its rating on Exelon Corporation. In the research note, the firm Raises the price-target to $35.00 per share. The shares have been rated ‘Buy’ by the firm.

Exelon Corporation (EXC) shares turned negative on Fridays trading session with the shares closing down -0.57 points or -1.63% at a volume of 1,05,08,687. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $34.94. The peak price level was also seen at $34.94 while the days lowest was $34.36. Finally the shares closed at $34.37. The 52-week high of the shares is $35.95 while the 52-week low is $25.09. According to the latest information available, the market cap of the company is $31,618 M.

Exelon Corporation(EXC) last announced its earnings results on Feb 3, 2016 for Fiscal Year 2015 and Q4.Company reported revenue of $6.68B. Analysts had an estimated revenue of $5.76B. Earnings per share were $0.38. Analysts had estimated an EPS of $0.41.

Several Insider Transactions has been reported to the SEC. On Feb 8, 2016, Calvin Jr Butler (CEO, BGE) sold 5,000 shares at $32.42 per share price.Also, On Feb 5, 2016, Duane M Desparte (SVP and Controller) sold 3,000 shares at $32.36 per share price.

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.

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