Exelon Corporation (NYSE:EXC) Chairman Mayo A. Shattuck III sold 193,462 shares of the business’s stock in a transaction dated Wednesday, November 1st. The shares were sold at an average price of $40.26, for a total transaction of $7,788,780.12. Following the completion of the sale, the chairman now directly owns 402,234 shares of the company’s stock, valued at approximately $16,193,940.84. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.
Exelon Corporation (NYSE:EXC) opened at $40.94 on Friday. The company has a market capitalization of $39.09 billion, a P/E ratio of 16.42, a PEG ratio of 3.50 and a beta of 0.31. The company has a quick ratio of 0.76, a current ratio of 1.03 and a debt-to-equity ratio of 1.06.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $0.86 by ($0.01). Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The firm had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. During the same period in the prior year, the company earned $0.91 EPS. The business’s quarterly revenue was down 2.6% compared to the same quarter last year. equities research analysts anticipate that Exelon Corporation will post 2.68 earnings per share for the current fiscal year.
The company 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. This represents a $1.31 annualized dividend and a dividend yield of 3.20%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is currently 58.74%.
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Several institutional investors have recently added to or reduced their stakes in EXC. Sandy Spring Bank increased its stake in shares of Exelon Corporation by 10.1% in 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 shares of Exelon Corporation in the second quarter valued at approximately $111,000. Sterling Investment Advisors Ltd. increased its stake in shares of Exelon Corporation by 1.2% in 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 increased its stake in shares of Exelon Corporation by 0.4% in 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 increased its stake in shares of Exelon Corporation by 0.9% in 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 owned by institutional investors.
Several equities research analysts recently weighed in on EXC shares. KeyCorp reaffirmed a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research report on Friday, September 1st. Bank of America Corporation started coverage on shares of Exelon Corporation in a research report on Tuesday, October 24th. They set a “buy” rating and a $43.00 price objective for the company. BidaskClub raised shares of Exelon Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research raised shares of Exelon Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Citigroup Inc raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $36.00 to $43.00 in a research report on Thursday, July 27th. One investment analyst has rated the stock with a sell rating, four have given a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average target price of $40.43.
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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