Exelon Corporation (EXC) Holdings Trimmed by Wafra Investment Advisory Group Inc. NY

Wafra Investment Advisory Group Inc. NY lessened its holdings in shares of Exelon Corporation (NYSE:EXC) by 10.1% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 327,848 shares of the energy giant’s stock after selling 36,925 shares during the quarter. Wafra Investment Advisory Group Inc. NY’s holdings in Exelon Corporation were worth $11,825,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the business. BlackRock Inc. grew its stake in Exelon Corporation by 3,711.9% during the 1st quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock valued at $2,672,738,000 after purchasing an additional 72,335,239 shares in the last quarter. Vanguard Group Inc. grew its stake in Exelon Corporation by 6.9% during the 2nd quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock valued at $2,490,203,000 after purchasing an additional 4,453,759 shares in the last quarter. State Street Corp grew its stake in Exelon Corporation by 1.9% during the 1st quarter. State Street Corp now owns 56,988,557 shares of the energy giant’s stock valued at $2,050,464,000 after purchasing an additional 1,066,298 shares in the last quarter. FMR LLC grew its stake in Exelon Corporation by 11.5% during the 2nd quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock valued at $1,942,258,000 after purchasing an additional 5,572,093 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in Exelon Corporation by 0.8% during the 1st quarter. Wellington Management Group LLP now owns 23,861,309 shares of the energy giant’s stock valued at $858,530,000 after purchasing an additional 180,098 shares in the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.

A number of brokerages have weighed in on EXC. Barclays PLC restated an “overweight” rating and set a $44.00 price objective (up previously from $43.00) on shares of Exelon Corporation in a research note on Thursday, August 3rd. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. ValuEngine upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Monday, October 2nd. Zacks Investment Research lowered Exelon Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, Morgan Stanley lifted their target price on Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research report on Friday, September 8th. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average target price of $40.18.

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Exelon Corporation (NYSE EXC) traded up 0.881% on Tuesday, reaching $38.375. The company had a trading volume of 816,864 shares. The stock has a market cap of $36.84 billion, a price-to-earnings ratio of 20.293 and a beta of 0.29. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78. The company has a 50-day moving average of $37.82 and a 200 day moving average of $36.62.

Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share 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 company had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the company posted $0.65 EPS. The company’s revenue was up 10.3% compared to the same quarter last year. On average, equities research analysts predict that Exelon Corporation will post $2.68 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be paid a $0.3275 dividend. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.44%. Exelon Corporation’s dividend payout ratio is currently 68.59%.

In other news, EVP Jonathan W. Thayer sold 215,669 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The stock was sold at an average price of $38.00, for a total value of $8,195,422.00. Following the sale, the executive vice president now directly owns 237,181 shares in the company, valued at approximately $9,012,878. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction that occurred on Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the sale, the executive vice president now owns 39,769 shares in the company, valued at $1,523,550.39. The disclosure for this sale can be found here. Over the last quarter, insiders sold 486,952 shares of company stock worth $18,509,309. Corporate 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.

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

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