Crow Point Partners LLC increased its stake in Exelon Corporation (NYSE:EXC) by 312.5% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 66,000 shares of the energy giant’s stock after buying an additional 50,000 shares during the period. Crow Point Partners LLC’s holdings in Exelon Corporation were worth $2,365,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Live Your Vision LLC raised its position in Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock valued at $106,000 after buying an additional 27 shares during the period. Assetmark Inc. raised its position in Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock valued at $107,000 after buying an additional 2,610 shares during the period. V Wealth Management LLC bought a new position in Exelon Corporation during the second quarter valued at $111,000. Hudock Capital Group LLC raised its position in Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock valued at $114,000 after buying an additional 240 shares during the period. Finally, Jacobi Capital Management LLC raised its position in Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock valued at $122,000 after buying an additional 372 shares during the period. 74.91% of the stock is currently owned by hedge funds and other institutional investors.
Exelon Corporation (NYSE:EXC) traded up 2.69% on Monday, hitting $37.03. The company had a trading volume of 7,360,073 shares. The stock has a market capitalization of $34.29 billion, a PE ratio of 17.62 and a beta of 0.26. Exelon Corporation has a one year low of $29.82 and a one year high of $37.70. The stock has a 50 day moving average of $36.06 and a 200-day moving average of $35.67.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings results on Wednesday, May 3rd. The energy giant reported $0.65 EPS for the quarter, topping the Zacks’ consensus estimate of $0.62 by $0.03. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.69 billion. Exelon Corporation had a return on equity of 9.00% and a net margin of 6.10%. Exelon Corporation’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the company posted $0.68 earnings per share. Equities analysts anticipate that Exelon Corporation will post $2.67 EPS for the current year.
Several research firms have weighed in on EXC. Morgan Stanley lowered Exelon Corporation from an “overweight” rating to an “equal weight” rating and lowered their price target for the stock from $40.00 to $37.00 in a research report on Tuesday, March 28th. They noted that the move was a valuation call. Jefferies Group LLC reaffirmed a “buy” rating and set a $39.50 price target on shares of Exelon Corporation in a research report on Thursday, April 20th. Wolfe Research raised Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday. Citigroup Inc. boosted their price target on Exelon Corporation from $31.00 to $35.00 and gave the stock a “neutral” rating in a research report on Monday, April 3rd. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $43.00 price target (up previously from $40.00) on shares of Exelon Corporation in a research report on Sunday, April 23rd. Nine equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $38.86.
In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 465,892 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $36.52, for a total value of $17,014,375.84. Following the completion of the sale, the chairman now directly owns 567,649 shares of the company’s stock, valued at $20,730,541.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $37.05, for a total value of $493,987.65. Following the completion of the sale, the executive vice president now directly owns 53,102 shares of the company’s stock, valued at $1,967,429.10. The disclosure for this sale can be found here. Company insiders own 0.70% of the company’s stock.
Exelon Corporation Company Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NYSE:EXC).
What are top analysts saying about Exelon Corporation? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Exelon Corporation and related companies.