Foster & Motley Inc. Lowers Position in Exelon Corporation (EXC)

Foster & Motley Inc. lowered its position in Exelon Corporation (NYSE:EXC) by 9.5% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 71,529 shares of the energy giant’s stock after selling 7,488 shares during the period. Foster & Motley Inc.’s holdings in Exelon Corporation were worth $2,580,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in Exelon Corporation by 3,711.9% in the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock worth $2,672,738,000 after buying an additional 72,335,239 shares during the last quarter. Wells Fargo & Company MN boosted its stake in Exelon Corporation by 91.4% in the first quarter. Wells Fargo & Company MN now owns 7,854,768 shares of the energy giant’s stock worth $282,615,000 after buying an additional 3,749,880 shares during the last quarter. Vanguard Group Inc. boosted its stake in Exelon Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 64,584,297 shares of the energy giant’s stock worth $2,323,743,000 after buying an additional 2,744,360 shares during the last quarter. FMR LLC boosted its stake in Exelon Corporation by 4.4% in the first quarter. FMR LLC now owns 48,274,820 shares of the energy giant’s stock worth $1,736,928,000 after buying an additional 2,041,157 shares during the last quarter. Finally, Canada Pension Plan Investment Board boosted its stake in Exelon Corporation by 107.2% in the first quarter. Canada Pension Plan Investment Board now owns 2,930,063 shares of the energy giant’s stock worth $105,424,000 after buying an additional 1,515,767 shares during the last quarter. 74.81% of the stock is currently owned by institutional investors.

Shares of Exelon Corporation (EXC) traded up 0.23% during trading on Friday, reaching $37.50. 3,652,964 shares of the company’s stock traded hands. The company has a 50 day moving average of $37.03 and a 200-day moving average of $36.01. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 19.83 and a beta of 0.27. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78.

Exelon Corporation (NYSE:EXC) last issued its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period 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 analysts predict that Exelon Corporation will post $2.69 earnings per share for the current year.

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

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EXC has been the topic of a number of research analyst reports. Barclays PLC reissued an “overweight” rating and set a $43.00 price objective (up previously from $40.00) on shares of Exelon Corporation in a report on Sunday, April 23rd. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Wolfe Research raised shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. ValuEngine cut shares of Exelon Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and issued a $37.00 target price on shares of Exelon Corporation in a report on Thursday, May 4th. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.71.

In other 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 transaction of $17,014,375.84. Following the transaction, the chairman now directly owns 567,649 shares of the company’s stock, valued at $20,730,541.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CFO Jonathan W. Thayer sold 202,950 shares of the firm’s stock in a transaction on Thursday, July 27th. The shares were sold at an average price of $38.00, for a total value of $7,712,100.00. Following the transaction, the chief financial officer now directly owns 237,181 shares in the company, valued at $9,012,878. The disclosure for this sale can be found here. Insiders sold 927,844 shares of company stock worth $34,570,885 over the last ninety days. 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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