Exelon: Analyzing Institutional Investor Sentiment
Institutional investor activity can give you important insights into a stock’s movement.
Exelon (EXC) is currently trading at a forward dividend yield of 3.6%. Here’s what you need to know.
As of August 24, 2016, Exelon’s implied volatility was 18.7%, nearly at par with its 15-day average.
Exelon is trading at a fair valuation compared to last month. This change is more or less due to its sharp correction in August.
Leading nuclear generator Exelon Corporation (EXC) has corrected more than 12% in August 2016. What’s next?
The EIA (U.S. Energy Information Administration) estimates that US crude oil prices will average $41.16 per barrel in 2016 and $51.58 per barrel in 2017.
Hedge funds increased their net long positions in WTI crude oil futures and options contracts for the third straight week in the week ending August 23, 2016.
On August 26, Baker Hughes released its weekly US crude oil rig count. It reported that the rig count was flat at 406 rigs from August 19–26, 2016.
A decrease in crude oil inventories at Cushing supports crude oil prices. High crude oil prices positively impact crude oil and gas producers’ earnings.
OPEC producers will be meeting at an energy forum in Algeria from September 26–28, 2016. Crude oil prices are up by 16% so far in August 2016.
Prices are under pressure due to the appreciating US dollar. US crude oil prices touched $51.53 on June 8, 2016—the highest level since July 2015.
Looking at the energy calendar, there are important events in the energy sector this week. On Tuesday, the API will release its crude oil inventory report.
October WTI crude oil futures contracts trading on NYMEX rose and closed at $47.64 per barrel on August 26. Crude oil prices rose due to short covering.
On August 26, 2016, California Resources (CRC) had the highest short interest-to-equity float ratio at ~32.8% among the upstream stocks that are part of XOP.
Occidental Petroleum (OXY) had the lowest implied volatility among all of the upstream stocks on August 26. Its YTD returns were 14.2%.
On August 26, 2016, Cobalt International Energy (CIE) had the highest implied volatility among the upstream stocks that are part of XOP.
Yingli Solar’s (YGE) shipments include the sale of its solar (TAN) modules to the company’s solar projects and external customers.
Out of five analysts covering Yingli Solar (YGE), two analysts rate the stock a “hold.” Three analysts rate the stock a “sell,” and there were no “buy” ratings for YGE on August 25, 2016.
On June 30, 2016, Yingli Solar (YGE) had ~$128.6 million in cash and restricted cash on its balance sheet. This is compared to $138.2 million at the end of 2Q16 and $286.6 million at the end of 2Q15.
Yingli Solar’s (YGE) net income came in at about $11 million in 2Q16, compared to analysts’ consensus expectations of a loss of ~$5 million.