Terra Nova Asset Management LLC held its position in Exelon Corp. (NYSE:EXC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,725 shares of the energy giant’s stock at the end of the second quarter. Terra Nova Asset Management LLC’s holdings in Exelon Corp. were worth $354,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in EXC. 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 during the last quarter. Peapack Gladstone Financial Corp raised its position in shares of Exelon Corp. by 0.7% in the first quarter. Peapack Gladstone Financial Corp now owns 8,261 shares of the energy giant’s stock worth $296,000 after buying an additional 55 shares during the last quarter. FirstMerit Bank N A Trustee raised its position in shares of Exelon Corp. by 0.6% in the second quarter. FirstMerit Bank N A Trustee now owns 14,912 shares of the energy giant’s stock worth $542,000 after buying an additional 88 shares during the last quarter. DAVENPORT & Co LLC raised its position in shares of Exelon Corp. by 1.2% in the second quarter. DAVENPORT & Co LLC now owns 7,735 shares of the energy giant’s stock worth $281,000 after buying an additional 93 shares during the last quarter. Finally, Cornerstone Investment Partners LLC raised its position in shares of Exelon Corp. by 1.0% in the second quarter. Cornerstone Investment Partners LLC now owns 9,865 shares of the energy giant’s stock worth $359,000 after buying an additional 100 shares during the last quarter. 74.90% of the stock is currently owned by hedge funds and other institutional investors.

Exelon Corp. (NYSE:EXC) traded up 1.06% during trading on Thursday, hitting $35.22. 4,484,009 shares of the stock traded hands. The company has a 50-day moving average price of $34.48 and a 200-day moving average price of $34.98. The stock has a market cap of $32.50 billion, a PE ratio of 23.57 and a beta of 0.24. Exelon Corp. has a 12 month low of $25.09 and a 12 month high of $37.70.

Exelon Corp. (NYSE:EXC) last posted its quarterly earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.56 by $0.09. Exelon Corp. had a net margin of 4.58% and a return on equity of 8.52%. The company had revenue of $6.90 billion for the quarter, compared to analyst estimates of $7.30 billion. During the same quarter in the previous year, the firm posted $0.59 earnings per share. The company’s quarterly revenue was up 6.1% compared to the same quarter last year. Equities research analysts expect that Exelon Corp. will post $2.57 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were given a $0.318 dividend. This represents a $1.27 annualized dividend and a dividend yield of 3.61%. The ex-dividend date of this dividend was Thursday, August 11th. Exelon Corp.’s dividend payout ratio (DPR) is currently 84.67%.

EXC has been the topic of a number of analyst reports. Barclays PLC decreased their target price on shares of Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 31st. Citigroup Inc. increased their target price on shares of Exelon Corp. from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Wednesday, July 20th. Zacks Investment Research lowered shares of Exelon Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Deutsche Bank AG increased their target price on shares of Exelon Corp. from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Finally, Jefferies Group restated a “buy” rating and set a $40.00 target price on shares of Exelon Corp. in a research report on Friday, August 12th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have issued a buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $36.23.

In other news, CEO Kenneth W. Cornew sold 30,000 shares of the business’s stock in a transaction that occurred on Friday, July 15th. The shares were 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 owns 32,844 shares of the company’s stock, valued at $1,197,820.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. 0.80% of the stock is currently 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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