Exelon Corporation (EXC) was Reiterated by UBS to “Neutral” while Lowering the Price Target of the company shares to $ 33 from a previous price target of $38 . UBS advised their investors in a research report released on Oct 13, 2016.
Many Wall Street Analysts have commented on Exelon Corporation. Company shares were Upgraded by Deutsche Bank on Jul 22, 2016 to ” Buy”, Firm has raised the Price Target to $ 39 from a previous price target of $36 .
On the company’s financial health, Exelon Corporation reported $0.65 EPS for the quarter, beating the analyst consensus estimate by $ 0.09 according to the earnings call on Aug 9, 2016. Analyst had a consensus of $0.56. The company had revenue of $6910.00 million for the quarter, compared to analysts expectations of $6965.80 million. The company’s revenue was up 6.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.59 EPS.
Exelon Corporation closed down -0.35 points or -1.08% at $32.15 with 47,51,385 shares getting traded on Tuesday. Post opening the session at $32.42, the shares hit an intraday low of $32.1 and an intraday high of $32.55 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
In a different news, on Sep 22, 2016, Calvin Jr Butler (CEO, BGE) sold 6,403 shares at $35.00 per share price. According 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. 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.