Exelon’s strong overall stock performance in 3Q14

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Nov. 27 2019, Updated 3:19 p.m. ET

Earnings reaction

Exelon Corporation (EXC) announced its third-quarter results on October 29, 2014, before markets opened. The stock saw a muted reaction once results came in. Exelon shares opened higher than previous-day closing prices, but failed to keep the momentum going, ending the day 1.3% lower than the previous day’s close.

Exelon’s stock has seen gains throughout the third quarter. Let’s see how Exelon’s stock performed this quarter compared to its peers and the industry.

3Q price

 

Exelon’s stock performance in the last quarter

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Exelon announced 2Q14 results on July 31. Since then, it’s gained 17.7%. In the same period, the Select Sector Utilities Select Sector SPDR Fund (XLU) rose by 10.2%.  The XLU is a key ETF in the power utilities industry. The benchmark Dow Jones Industrial Average Index, or Dow Jones, has been sideways, gaining only 1.1% in the last three months.

Exelon outperformed both the XUL and Dow Jones in the last three months. This shows that investors were anticipating a strong performance from Exelon. Exelon is one of the best-performing stocks in the power utility industry. Among other power companies, FirstEnergy Corp. (FE), Public Service Enterprise Group Inc. (PEG), and Entergy Corporation (ETR) have seen notable upside moves during this period.

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