Foster & Motley Inc. decreased its position in Exelon Corporation (NYSE:EXC) by 9.5% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund 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 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of the company. Ingalls & Snyder LLC acquired a new stake in shares of Exelon Corporation during the second quarter worth about $3,934,000. Daiwa Securities Group Inc. raised its stake in shares of Exelon Corporation by 2.9% in the second quarter. Daiwa Securities Group Inc. now owns 26,276 shares of the energy giant’s stock worth $948,000 after buying an additional 750 shares during the period. Grove Bank & Trust raised its stake in shares of Exelon Corporation by 305.4% in the second quarter. Grove Bank & Trust now owns 7,277 shares of the energy giant’s stock worth $262,000 after buying an additional 5,482 shares during the period. Bessemer Group Inc. raised its stake in Exelon Corporation by 23.3% in the second quarter. Bessemer Group Inc. now owns 85,623 shares of the energy giant’s stock worth $3,089,000 after buying an additional 16,154 shares during the last quarter. Finally, CIBC Asset Management Inc raised its stake in Exelon Corporation by 0.8% in the second quarter. CIBC Asset Management Inc now owns 92,343 shares of the energy giant’s stock worth $3,331,000 after buying an additional 688 shares during the last quarter. Institutional investors own 72.01% of the company’s stock.
Exelon Corporation (NYSE:EXC) traded up 1.04% during midday trading on Friday, hitting $37.99. The stock had a trading volume of 3,853,849 shares. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78. The company has a 50-day moving average price of $37.24 and a 200-day moving average price of $36.12. The company has a market cap of $36.47 billion, a price-to-earnings ratio of 20.09 and a beta of 0.27.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping 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 company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the business earned $0.65 EPS. Exelon Corporation’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities analysts anticipate that Exelon Corporation will post $2.69 EPS for the current year.
The company also recently declared 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 dividend on an annualized basis and a dividend yield of 3.45%. Exelon Corporation’s dividend payout ratio (DPR) is 68.59%.
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A number of analysts recently weighed in on the stock. Deutsche Bank AG restated a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research note on Monday, July 17th. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. Barclays PLC restated an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a research note on Thursday, August 3rd. Finally, Wolfe Research upgraded shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Six equities research analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $39.92.
In other news, insider Denis P. O’brien sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the sale, the insider now directly owns 57,243 shares in the company, valued at approximately $2,203,855.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of the business’s stock in a transaction that occurred 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 sale, the chairman now owns 567,649 shares of the company’s stock, valued at $20,730,541.48. The disclosure for this sale can be found here. Insiders sold a total of 927,844 shares of company stock valued at $34,570,885 over the last quarter. Company 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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