Exelon Corporation (EXC) was Upgraded by Deutsche Bank to ” Buy” according to the research note released today. The brokerage firm has raised the Price Target to $ 39 from a previous price target of $36 . Earlier the firm had a rating of “Hold ” on the company shares. Deutsche Bank advised their investors in a research report released on Jul 22, 2016.
On the company’s financial health, Exelon Corporation reported $0.68 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 6, 2016. Analyst had a consensus of $0.66.Analysts expectations of $ 7230.45.During the same quarter in the previous year, the company posted $0.71 EPS.
Exelon Corporation closed down -0.33 points or -0.90% at $36.25 with 31,66,486 shares getting traded on Wednesday. Post opening the session at $36.55, the shares hit an intraday low of $36.24 and an intraday high of $36.6 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.
In a different news, on Jul 18, 2016, Kenneth W. Cornew (Sr. EVP, Pres & CEO Generation) sold 30,000 shares at $36.47 per share price. According to the SEC, 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.