New Mexico Educational Retirement Board cut its position in Exelon Corporation (NYSE:EXC) by 8.4% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 86,059 shares of the energy giant’s stock after selling 7,900 shares during the period. New Mexico Educational Retirement Board’s holdings in Exelon Corporation were worth $3,300,000 at the end of the most recent quarter.
Several other institutional investors also recently modified their holdings of EXC. Private Trust Co. NA bought a new position in shares of Exelon Corporation during the first quarter worth $487,000. TNB Financial bought a new position in shares of Exelon Corporation during the first quarter worth $408,000. Regentatlantic Capital LLC increased its position in shares of Exelon Corporation by 14.5% in the first quarter. Regentatlantic Capital LLC now owns 151,083 shares of the energy giant’s stock worth $5,436,000 after buying an additional 19,173 shares during the period. Gradient Investments LLC increased its position in shares of Exelon Corporation by 0.7% in the first quarter. Gradient Investments LLC now owns 10,009 shares of the energy giant’s stock worth $360,000 after buying an additional 72 shares during the period. Finally, Bank of Montreal Can increased its position in shares of Exelon Corporation by 27.7% in the first quarter. Bank of Montreal Can now owns 2,491,792 shares of the energy giant’s stock worth $89,654,000 after buying an additional 540,266 shares during the period. 72.01% of the stock is currently owned by institutional investors.
Shares of 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. The firm has a market cap of $36.47 billion, a price-to-earnings ratio of 20.09 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 stock’s 50 day moving average price is $37.24 and its 200 day moving average price is $36.12.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, beating the Zacks’ 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 firm had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm earned $0.65 EPS. The business’s quarterly revenue was up 10.3% on a year-over-year basis. On average, equities analysts forecast that Exelon Corporation will post $2.69 EPS for the current fiscal 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 given a dividend of $0.3275 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.45%. Exelon Corporation’s payout ratio is currently 68.59%.
A number of brokerages recently weighed in on EXC. Barclays PLC reissued an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a report on Thursday, August 3rd. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a report on Monday, July 17th. Finally, ValuEngine downgraded shares of Exelon Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $39.92.
In other news, Chairman Mayo A. Shattuck III sold 465,892 shares of Exelon Corporation stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the transaction, the chairman now directly owns 567,649 shares of the company’s stock, valued at approximately $20,730,541.48. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Denis P. O’brien sold 30,000 shares of Exelon Corporation 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 transaction, the insider now directly owns 57,243 shares in the company, valued at $2,203,855.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 927,844 shares of company stock worth $34,570,885. Insiders own 0.70% of the company’s stock.
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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