Crow Point Partners LLC raised its stake in Exelon Corporation (NYSE:EXC) by 312.5% during the second quarter, according to its most recent 13F filing with the 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 SEC filing.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. Pier 88 Investment Partners LLC purchased a new stake in shares of Exelon Corporation during the second quarter valued at about $4,665,000. V Wealth Management LLC purchased a new stake in shares of Exelon Corporation during the second quarter valued at about $111,000. Oregon Public Employees Retirement Fund boosted its stake in shares of Exelon Corporation by 7.2% in the second quarter. Oregon Public Employees Retirement Fund now owns 512,927 shares of the energy giant’s stock valued at $18,501,000 after buying an additional 34,600 shares during the last quarter. Farmers & Merchants Trust Co of Chambersburg PA boosted its stake in shares of Exelon Corporation by 2.7% in the second quarter. Farmers & Merchants Trust Co of Chambersburg PA now owns 7,596 shares of the energy giant’s stock valued at $274,000 after buying an additional 200 shares during the last quarter. Finally, Eqis Capital Management Inc. boosted its stake in shares of Exelon Corporation by 6.9% in the second quarter. Eqis Capital Management Inc. now owns 32,551 shares of the energy giant’s stock valued at $1,174,000 after buying an additional 2,089 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.
Exelon Corporation (NYSE:EXC) opened at 37.50 on Friday. The company has a market capitalization of $36.00 billion, a price-to-earnings ratio of 19.83 and a beta of 0.27. The company has a 50-day moving average price of $37.05 and a 200-day moving average price of $36.03. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78.
Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating 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 during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the company posted $0.65 earnings per share. Exelon Corporation’s quarterly revenue was up 10.3% compared to the same quarter last year. Equities research analysts anticipate that Exelon Corporation will post $2.69 EPS for the current year.
The company 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 $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.49%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s dividend payout ratio (DPR) is currently 68.59%.
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Several analysts have issued reports on EXC shares. Jefferies Group LLC restated a “buy” rating and set a $39.50 price objective on shares of Exelon Corporation in a research note on Thursday, April 20th. Barclays PLC restated an “overweight” rating and set a $43.00 price objective (up previously from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. BMO Capital Markets restated a “hold” rating and set a $37.00 price objective on shares of Exelon Corporation in a research note on Thursday, May 4th. UBS AG upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $37.50 in a research note on Monday, May 15th. Finally, Credit Suisse Group restated a “buy” rating and set a $42.00 price objective on shares of Exelon Corporation in a research note on Tuesday, May 30th. Six analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $39.92.
In other news, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $37.05, for a total value of $493,987.65. Following the completion of the transaction, the executive vice president now owns 53,102 shares in the company, valued at $1,967,429.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, 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 shares were sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the completion of the sale, the insider now directly owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. Insiders sold 927,844 shares of company stock valued at $34,570,885 in the last quarter. 0.70% of the stock is currently owned by corporate insiders.
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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