NJ State Employees Deferred Compensation Plan Continues to Hold Position in Exelon Corporation (NYSE:EXC)

NJ State Employees Deferred Compensation Plan held its position in shares of Exelon Corporation (NYSE:EXC) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 10,200 shares of the energy giant’s stock at the end of the second quarter. NJ State Employees Deferred Compensation Plan’s holdings in Exelon Corporation were worth $368,000 at the end of the most recent quarter.

Several other institutional investors have also recently modified their holdings of EXC. Live Your Vision LLC raised its position in shares of Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock worth $106,000 after buying an additional 27 shares during the last quarter. Assetmark Inc. raised its position in shares of Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock worth $107,000 after buying an additional 2,610 shares during the last quarter. V Wealth Management LLC purchased a new position in shares of Exelon Corporation during the second quarter worth $111,000. Hudock Capital Group LLC raised its stake in Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock worth $114,000 after buying an additional 240 shares during the last quarter. Finally, Jacobi Capital Management LLC raised its stake in Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock worth $122,000 after buying an additional 372 shares during the last quarter. 72.01% of the stock is currently owned by institutional investors.

Shares of Exelon Corporation (NYSE:EXC) traded up 1.04% during trading on Friday, hitting $37.99. The company had a trading volume of 3,853,849 shares. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The firm’s 50 day moving average is $37.24 and its 200-day moving average is $36.12. The stock has a market capitalization of $36.47 billion, a P/E ratio of 20.09 and a beta of 0.27.

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 analysts’ consensus estimates 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 period in the prior year, the business posted $0.65 earnings per share. The company’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 fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be paid a $0.3275 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.31 annualized dividend and a yield of 3.45%. Exelon Corporation’s dividend payout ratio (DPR) is currently 68.59%.

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A number of equities research analysts recently commented on EXC shares. Barclays PLC reissued an “overweight” rating and issued a $43.00 price target (up from $40.00) on shares of Exelon Corporation in a research report on Sunday, April 23rd. Citigroup Inc. upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the company from $36.00 to $43.00 in a research note on Thursday, July 27th. Wolfe Research upgraded Exelon Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Deutsche Bank AG restated a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a research note on Monday, July 17th. Finally, BMO Capital Markets restated a “hold” rating and issued a $37.00 price objective on shares of Exelon Corporation in a research note on Thursday, May 4th. Six investment analysts have rated the stock with a hold rating and ten have issued a buy rating to the company. Exelon Corporation presently has an average rating of “Buy” and an average target price of $39.92.

In related news, CFO Jonathan W. Thayer sold 202,950 shares of the stock in a transaction that occurred on 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 transaction, the chief financial officer now owns 237,181 shares of the company’s stock, valued at $9,012,878. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 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 sale, 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. In the last three months, insiders sold 927,844 shares of company stock worth $34,570,885. 0.70% of the stock is owned by 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.

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

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