Exelon Corporation (EXC) Position Boosted by Farmers & Merchants Trust Co of Chambersburg PA

Farmers & Merchants Trust Co of Chambersburg PA increased its position in Exelon Corporation (NYSE:EXC) by 2.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 7,596 shares of the energy giant’s stock after buying an additional 200 shares during the period. Farmers & Merchants Trust Co of Chambersburg PA’s holdings in Exelon Corporation were worth $274,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of the company. Raymond James Trust N.A. raised its position in Exelon Corporation by 2.7% in the first quarter. Raymond James Trust N.A. now owns 28,530 shares of the energy giant’s stock worth $1,027,000 after buying an additional 761 shares in the last quarter. Cornerstone Investment Partners LLC raised its position in Exelon Corporation by 0.4% in the first quarter. Cornerstone Investment Partners LLC now owns 9,801 shares of the energy giant’s stock worth $353,000 after buying an additional 36 shares in the last quarter. CT Financial Advisors LLC raised its position in Exelon Corporation by 0.3% in the first quarter. CT Financial Advisors LLC now owns 4,131 shares of the energy giant’s stock worth $149,000 after buying an additional 12 shares in the last quarter. Denali Advisors LLC raised its position in Exelon Corporation by 1,546.1% in the first quarter. Denali Advisors LLC now owns 125,100 shares of the energy giant’s stock worth $4,501,000 after buying an additional 117,500 shares in the last quarter. Finally, Indiana Trust & Investment Management CO raised its position in Exelon Corporation by 7.2% in the first quarter. Indiana Trust & Investment Management CO now owns 12,230 shares of the energy giant’s stock worth $440,000 after buying an additional 825 shares in the last quarter. 74.81% of the stock is currently owned by institutional investors.

Shares of Exelon Corporation (NYSE EXC) traded up 0.23% on Friday, reaching $37.50. 3,652,964 shares of the company were exchanged. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The stock has a market capitalization of $36.00 billion, a price-to-earnings ratio of 19.83 and a beta of 0.27. The firm’s 50 day moving average price is $37.03 and its 200 day moving average price is $36.01.

Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping analysts’ consensus estimates of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the company earned $0.65 earnings per share. The firm’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities research analysts anticipate that Exelon Corporation will post $2.69 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th will be issued a dividend of $0.3275 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a yield of 3.49%. Exelon Corporation’s payout ratio is currently 68.59%.

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A number of research firms have recently commented on EXC. Deutsche Bank AG restated a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research report on Monday, July 17th. Jefferies Group LLC reissued a “buy” rating and issued a $39.50 price target on shares of Exelon Corporation in a research note on Thursday, April 20th. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. Finally, Barclays PLC reaffirmed an “overweight” rating and set a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a research note on Thursday, August 3rd. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus price target of $39.71.

In other news, Chairman Mayo A. Shattuck III sold 465,892 shares of the firm’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the transaction, the chairman now directly owns 567,649 shares in the company, valued at $20,730,541.48. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, insider Denis P. O’brien sold 30,000 shares of the firm’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the transaction, the insider now owns 57,243 shares in the company, valued at $2,203,855.50. The disclosure for this sale can be found here. In the last three months, insiders have sold 927,844 shares of company stock worth $34,570,885. 0.70% of the stock is owned by corporate insiders.

About Exelon Corporation

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.

Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

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