BNP Paribas Arbitrage SA Cuts Position in Exelon Corporation (EXC)

BNP Paribas Arbitrage SA cut its position in shares of Exelon Corporation (NYSE:EXC) by 25.3% during the second quarter, according to its most recent 13F filing with the SEC. The firm owned 605,022 shares of the energy giant’s stock after selling 205,347 shares during the period. BNP Paribas Arbitrage SA owned approximately 0.07% of Exelon Corporation worth $21,823,000 at the end of the most recent quarter.

A number of other large investors have also modified their holdings of EXC. Community Bank N.A. boosted its stake in shares of Exelon Corporation by 3.0% in the second quarter. Community Bank N.A. now owns 47,641 shares of the energy giant’s stock worth $1,718,000 after buying an additional 1,400 shares during the last quarter. Legal & General Group Plc boosted its stake in shares of Exelon Corporation by 6.5% in the second quarter. Legal & General Group Plc now owns 5,476,802 shares of the energy giant’s stock worth $197,546,000 after buying an additional 336,555 shares during the last quarter. SG Americas Securities LLC boosted its stake in shares of Exelon Corporation by 42.3% in the second quarter. SG Americas Securities LLC now owns 255,492 shares of the energy giant’s stock worth $9,216,000 after buying an additional 75,917 shares during the last quarter. Northpointe Capital LLC boosted its stake in shares of Exelon Corporation by 4.6% in the second quarter. Northpointe Capital LLC now owns 136,721 shares of the energy giant’s stock worth $4,932,000 after buying an additional 6,006 shares during the last quarter. Finally, NewSquare Capital LLC boosted its stake in shares of Exelon Corporation by 6.4% in the second quarter. NewSquare Capital LLC now owns 29,796 shares of the energy giant’s stock worth $1,075,000 after buying an additional 1,798 shares during the last quarter. 72.01% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Exelon Corporation (EXC) opened at 37.60 on Friday. The stock has a 50 day moving average price of $37.18 and a 200-day moving average price of $36.10. The firm has a market capitalization of $36.10 billion, a PE ratio of 19.88 and a beta of 0.27. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78.

Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating the 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 business had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the business earned $0.65 earnings per share. Exelon Corporation’s revenue for the quarter was up 10.3% on a year-over-year basis. Equities analysts forecast that Exelon Corporation will post $2.69 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be given a $0.3275 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.48%. 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. Barclays PLC restated an “overweight” rating and issued a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the stock from $36.00 to $43.00 in a research report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a report on Monday, July 17th. Finally, Wolfe Research raised shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and ten have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average target price of $39.92.

In related news, EVP Paymon Aliabadi sold 13,333 shares of the stock in a transaction on Monday, June 19th. The stock was sold at an average price of $37.05, for a total value of $493,987.65. Following the transaction, the executive vice president now owns 53,102 shares of the company’s stock, valued at $1,967,429.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of the stock in a transaction on Monday, June 12th. The shares were sold at an average price of $36.52, for a total value of $17,014,375.84. Following the completion of the transaction, the chairman now directly owns 567,649 shares in the company, valued at approximately $20,730,541.48. The disclosure for this sale can be found here. Insiders sold 927,844 shares of company stock worth $34,570,885 in the last quarter. 0.70% of the stock is currently owned by company 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.

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

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