Trutina Financial LLC Invests $2,852,000 in Exelon Corp. (EXC)
Trutina Financial LLC acquired a new position in shares of Exelon Corp. (NYSE:EXC) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 78,448 shares of the energy giant’s stock, valued at approximately $2,852,000. Exelon Corp. accounts for 3.5% of Trutina Financial LLC’s portfolio, making the stock its 7th largest position.
Several other hedge funds also recently added to or reduced their stakes in the stock. First Manhattan Co. raised its position in shares of Exelon Corp. by 5.4% in the second quarter. First Manhattan Co. now owns 2,853 shares of the energy giant’s stock worth $103,000 after buying an additional 147 shares in the last quarter. CT Financial Advisors LLC raised its position in shares of Exelon Corp. by 0.3% in the second quarter. CT Financial Advisors LLC now owns 4,096 shares of the energy giant’s stock worth $149,000 after buying an additional 11 shares in the last quarter. JNBA Financial Advisors raised its position in shares of Exelon Corp. by 22.2% in the second quarter. JNBA Financial Advisors now owns 4,408 shares of the energy giant’s stock worth $160,000 after buying an additional 800 shares in the last quarter. Duff & Phelps Investment Management Co. acquired a new position in shares of Exelon Corp. during the first quarter worth $215,000. Finally, Quadrature Capital Ltd acquired a new position in shares of Exelon Corp. during the first quarter worth $227,000. Institutional investors own 74.91% of the company’s stock.
Exelon Corp. (NYSE:EXC) traded down 0.73% during midday trading on Tuesday, reaching $33.91. The company’s stock had a trading volume of 6,034,775 shares. Exelon Corp. has a 12-month low of $25.09 and a 12-month high of $37.70. The company’s 50-day moving average is $34.57 and its 200 day moving average is $34.98. The firm has a market cap of $31.29 billion, a price-to-earnings ratio of 22.70 and a beta of 0.24.
Exelon Corp. (NYSE:EXC) last issued its earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Exelon Corp. had a return on equity of 8.52% and a net margin of 4.58%. The firm had revenue of $6.90 billion for the quarter, compared to analysts’ expectations of $7.30 billion. During the same period in the previous year, the firm posted $0.59 earnings per share. The business’s revenue was up 6.1% compared to the same quarter last year. Equities analysts forecast that Exelon Corp. will post $2.57 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were issued a $0.318 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.27 annualized dividend and a dividend yield of 3.75%. Exelon Corp.’s dividend payout ratio (DPR) is 84.67%.
A number of equities analysts have weighed in on EXC shares. Barclays PLC decreased their target price on Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 31st. Citigroup Inc. upped their target price on Exelon Corp. from $27.00 to $29.00 and gave the stock a “sell” rating in a research note on Wednesday, July 20th. Zacks Investment Research lowered Exelon Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Bank of America Corp. restated a “hold” rating and issued a $35.00 target price on shares of Exelon Corp. in a research note on Tuesday, May 24th. Finally, Jefferies Group restated a “buy” rating and issued a $40.00 target price on shares of Exelon Corp. in a research note on Friday, August 12th. One analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the stock. The company currently has an average rating of “Buy” and a consensus target price of $36.23.
In other news, CEO Kenneth W. Cornew sold 30,000 shares of Exelon Corp. stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $36.47, for a total value of $1,094,100.00. Following the sale, the chief executive officer now directly owns 32,844 shares of the company’s stock, valued at $1,197,820.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.80% of the stock is owned by insiders.
Exelon Corp. Company Profile
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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