Exelon Corporation (NYSE:EXC) Chairman Mayo A. Shattuck III sold 379,337 shares of the stock in a transaction that occurred on Wednesday, October 25th. The stock was sold at an average price of $40.05, for a total value of $15,192,446.85. Following the completion of the transaction, the chairman now directly owns 746,986 shares of the company’s stock, valued at $29,916,789.30. The sale was disclosed in a filing with the SEC, which is available at this link.
Exelon Corporation (NYSE:EXC) opened at 40.25 on Monday. The firm has a 50-day moving average price of $38.41 and a 200-day moving average price of $36.97. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $40.34. The company has a market capitalization of $38.64 billion, a price-to-earnings ratio of 21.29 and a beta of 0.29.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results 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. The company had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the prior year, the business earned $0.65 earnings per share. On average, equities analysts anticipate that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.3275 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.25%. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
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EXC has been the subject of a number of recent analyst reports. KeyCorp reaffirmed a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a report on Friday, September 1st. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $43.00 in a report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a report on Monday, July 17th. Finally, ValuEngine raised Exelon Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the company. Exelon Corporation currently has a consensus rating of “Buy” and an average price target of $40.43.
Large investors have recently made changes to their positions in the company. BlackRock Inc. increased its holdings in Exelon Corporation by 3,711.9% in the first 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 during the period. Vanguard Group Inc. increased its holdings in Exelon Corporation by 6.9% in the second 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 during the period. State Street Corp increased its holdings in Exelon Corporation by 1.9% in the first 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 during the period. FMR LLC increased its holdings in Exelon Corporation by 11.5% in the second 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 during the period. Finally, Franklin Resources Inc. increased its holdings in Exelon Corporation by 60.2% in the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock valued at $393,894,000 after purchasing an additional 4,102,441 shares during the period. Institutional investors own 77.28% 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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