Foundry Partners LLC increased its stake in shares of Exelon Corporation (NYSE:EXC) by 3.2% during the second quarter, according to its most recent filing with the SEC. The fund owned 526,510 shares of the energy giant’s stock after buying an additional 16,505 shares during the period. Exelon Corporation accounts for 0.8% of Foundry Partners LLC’s portfolio, making the stock its 15th largest position. Foundry Partners LLC’s holdings in Exelon Corporation were worth $18,991,000 as of its most recent SEC filing.
A number of other hedge funds also recently made changes to their positions in EXC. CHICAGO TRUST Co NA boosted its stake in Exelon Corporation by 20.2% in the first quarter. CHICAGO TRUST Co NA now owns 13,000 shares of the energy giant’s stock worth $468,000 after buying an additional 2,189 shares during the last quarter. Doyle Wealth Management acquired a new stake in Exelon Corporation during the first quarter worth $254,000. Tompkins Financial Corp boosted its stake in Exelon Corporation by 4.4% in the first quarter. Tompkins Financial Corp now owns 98,829 shares of the energy giant’s stock worth $3,544,000 after buying an additional 4,164 shares during the last quarter. First National Bank & Trust Co. of Newtown boosted its stake in Exelon Corporation by 18.4% in the first quarter. First National Bank & Trust Co. of Newtown now owns 13,170 shares of the energy giant’s stock worth $474,000 after buying an additional 2,046 shares during the last quarter. Finally, Atria Investments LLC acquired a new stake in Exelon Corporation during the first quarter worth $201,000. 74.81% of the stock is currently owned by institutional investors and hedge funds.
Exelon Corporation (NYSE EXC) opened at 37.74 on Friday. The stock has a market cap of $36.23 billion, a price-to-earnings ratio of 19.96 and a beta of 0.27. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The company has a 50-day moving average price of $37.03 and a 200-day moving average price of $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 (EPS) for the quarter, beating the consensus estimate 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 during the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Exelon Corporation’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 firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be paid a dividend of $0.3275 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.47%. Exelon Corporation’s dividend payout ratio (DPR) is 68.59%.
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EXC has been the subject of a number of recent analyst reports. Jefferies Group LLC reissued a “buy” rating and issued a $39.50 price objective on shares of Exelon Corporation in a research report on Thursday, April 20th. Barclays PLC reissued an “overweight” rating and issued a $43.00 price objective (up previously from $40.00) on shares of Exelon Corporation in a research report on Sunday, April 23rd. BMO Capital Markets reissued a “hold” rating and issued a $37.00 price objective on shares of Exelon Corporation in a research report on Thursday, May 4th. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $36.00 to $37.50 in a research report on Monday, May 15th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $42.00 price objective on shares of Exelon Corporation in a research report on Tuesday, May 30th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $39.71.
In other news, EVP Paymon Aliabadi sold 13,333 shares of the stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $37.05, for a total transaction of $493,987.65. Following the completion of the sale, the executive vice president now owns 53,102 shares in the company, valued at $1,967,429.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of the stock in a transaction dated 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 sale, the chairman now owns 567,649 shares of the company’s stock, valued at approximately $20,730,541.48. The disclosure for this sale can be found here. Insiders have sold 927,844 shares of company stock valued at $34,570,885 in the last quarter. 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.
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