Exelon Corporation (NYSE:EXC) shares go up


Dallas, Texas 09/24/2013 (Financialstrend) – Exelon Corporation (NYSE:EXC) shares ended September 23 at $30.42 per shares. It was up 0.96% from its previous day close of $30.13. It lagged behind the utilities index which was up 1.19% and performed better than the Dow Jones Index which was down by 0.32%. Through the day, roughly 5.1 million shares of the company changed hands, which was lesser than its 65 day average trading volume of 6 million.  The shares are trading 19% below its prior 52 week valuation of $37.80 it had recorded in April’13. The share valuation was up 7% from its 52 week low price of $28.4. The market capitalization of the company was $25.81 million with 856 million outstanding shares. The company had paid out $0.3 dividend per share on September’10.

In the past 10 days post the company’s participation in the Barclays 2013 CEO Energy-Power Conference On September 11, the share has experienced extreme volatility. The share price went up 3.4% post the conference to reach a month high valuation of $31.02 on September 18. Since then the company stock slid down 2.8% to bottom out at $30.1 per share before rising up by close to a percentage point yesterday.

In the CEO conference the company highlighted that it has one of the largest nuclear power generating infrastructure in United States with capacity of over 19 GW coupled with approximately 10 GW of gas generation capacity. The company claims to have over 7.7 million customers across the globe.

Exelon is one of the biggest energy provider and distributor in United States. It acts as a holding company for multiple subsidiaries through which it manages most of its business. Its business is structured around two divisions, the Exelon Power Generation and Exelon Utilities which are engaged in large spectrum of activities like Fuel extraction, conventional and renewable energy generation.