Community Bank N.A. boosted its position in shares of Exelon Corporation (NYSE:EXC) by 3.0% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 47,641 shares of the energy giant’s stock after buying an additional 1,400 shares during the period. Community Bank N.A.’s holdings in Exelon Corporation were worth $1,718,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Atria Investments LLC purchased a new position in Exelon Corporation during the first quarter worth $201,000. Doyle Wealth Management purchased a new position in Exelon Corporation during the first quarter worth $254,000. Wealth Enhancement Advisory Services LLC purchased a new position in Exelon Corporation during the first quarter worth $787,000. Reliance Trust Co. of Delaware increased its position in Exelon Corporation by 53.0% in the first quarter. Reliance Trust Co. of Delaware now owns 15,250 shares of the energy giant’s stock worth $548,000 after buying an additional 5,281 shares in the last quarter. Finally, DnB Asset Management AS increased its position in Exelon Corporation by 18.3% in the first quarter. DnB Asset Management AS now owns 122,639 shares of the energy giant’s stock worth $4,413,000 after buying an additional 19,000 shares in the last quarter. 72.01% of the stock is currently owned by institutional investors.
Shares of Exelon Corporation (NYSE EXC) opened at 37.84 on Wednesday. The stock has a market cap of $36.33 billion, a PE ratio of 20.01 and a beta of 0.27. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78. The firm has a 50-day moving average price of $37.10 and a 200-day moving average price of $36.07.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The company’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. Equities analysts forecast 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. Stockholders of record on Tuesday, August 15th will be issued a $0.3275 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.46%. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
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EXC has been the topic of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating and issued a $39.50 target price on shares of Exelon Corporation in a report on Thursday, April 20th. Barclays PLC reissued an “overweight” rating and issued a $43.00 target price (up previously from $40.00) on shares of Exelon Corporation in a report on Sunday, April 23rd. BMO Capital Markets reissued a “hold” rating and issued a $37.00 target price on shares of Exelon Corporation in a report on Thursday, May 4th. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $36.00 to $37.50 in a report on Monday, May 15th. Finally, Credit Suisse Group reissued a “buy” rating and issued a $42.00 target price on shares of Exelon Corporation in a report on Tuesday, May 30th. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. Exelon Corporation has an average rating of “Buy” and a consensus price target of $39.92.
In other news, CFO Jonathan W. Thayer sold 202,950 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $38.00, for a total value of $7,712,100.00. Following the completion of the transaction, the chief financial officer now owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Denis P. O’brien sold 30,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the transaction, 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. In the last three months, insiders sold 927,844 shares of company stock valued at $34,570,885. Insiders own 0.70% of the company’s stock.
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.
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