Baillie Gifford & Co. boosted its holdings in shares of Exelon Corporation (NYSE:EXC) by 0.8% during the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 408,195 shares of the energy giant’s stock after buying an additional 3,243 shares during the period. Baillie Gifford & Co.’s holdings in Exelon Corporation were worth $15,377,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other large investors have also bought and sold shares of EXC. Sandy Spring Bank raised its position in Exelon Corporation by 10.1% during the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after buying an additional 271 shares during the period. V Wealth Management LLC acquired a new position in Exelon Corporation during the second quarter valued at $111,000. Sterling Investment Advisors Ltd. raised its position in Exelon Corporation by 1.2% during the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after buying an additional 37 shares during the period. Hudock Capital Group LLC raised its position in Exelon Corporation by 0.4% during the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after buying an additional 13 shares during the period. Finally, Live Your Vision LLC raised its position in Exelon Corporation by 0.9% during the second quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after buying an additional 26 shares during the period. 77.28% of the stock is currently owned by hedge funds and other institutional investors.
Several research analysts recently weighed in on the company. Zacks Investment Research raised Exelon Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Bank of America Corporation began coverage on Exelon Corporation in a research note on Tuesday, October 24th. They issued a “buy” rating and a $43.00 target price on the stock. J P Morgan Chase & Co boosted their target price on Exelon Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. SunTrust Banks, Inc. restated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a research note on Thursday, October 12th. Finally, Barclays PLC restated an “overweight” rating and issued a $44.00 target price (up previously from $43.00) on shares of Exelon Corporation in a research note on Thursday, August 3rd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $40.43.
In related news, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $38.31, for a total value of $510,787.23. Following the sale, the executive vice president now owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 34,585 shares of Exelon Corporation stock in a transaction dated Monday, October 30th. The shares were sold at an average price of $40.25, for a total value of $1,392,046.25. Following the completion of the sale, the chairman now directly owns 402,234 shares in the company, valued at approximately $16,189,918.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,212,787 shares of company stock worth $48,570,909. 0.70% of the stock is owned by company insiders.
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Exelon Corporation (NYSE:EXC) last released its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. Exelon Corporation’s revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.91 EPS.
The business also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.22%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is currently 68.59%.
Exelon Corporation 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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