Exelon Corp. (EXC) Position Lowered by Wedge Capital Management L L P NC
Wedge Capital Management L L P NC reduced its stake in shares of Exelon Corp. (NYSE:EXC) by 9.0% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 372,150 shares of the energy giant’s stock after selling 36,762 shares during the period. Wedge Capital Management L L P NC’s holdings in Exelon Corp. were worth $13,531,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of the stock. Bank of Montreal Can acquired a new stake in Exelon Corp. during the second quarter valued at $91,853,000. Renaissance Technologies LLC boosted its stake in Exelon Corp. by 66.3% in the first quarter. Renaissance Technologies LLC now owns 1,966,400 shares of the energy giant’s stock valued at $70,515,000 after buying an additional 784,276 shares in the last quarter. Riverhead Capital Management LLC boosted its stake in Exelon Corp. by 146.7% in the first quarter. Riverhead Capital Management LLC now owns 1,084,197 shares of the energy giant’s stock valued at $38,879,000 after buying an additional 644,661 shares in the last quarter. Teilinger Capital Ltd. acquired a new stake in Exelon Corp. during the second quarter valued at $13,350,000. Finally, Hancock Holding Co. boosted its stake in Exelon Corp. by 362.8% in the first quarter. Hancock Holding Co. now owns 450,609 shares of the energy giant’s stock valued at $16,160,000 after buying an additional 353,251 shares in the last quarter. 74.90% of the stock is owned by institutional investors.
Shares of Exelon Corp. (NYSE:EXC) traded down 0.46% during mid-day trading on Friday, hitting $32.70. The stock had a trading volume of 4,521,006 shares. Exelon Corp. has a 1-year low of $25.09 and a 1-year high of $37.70. The company has a market capitalization of $30.18 billion, a P/E ratio of 21.89 and a beta of 0.25. The stock’s 50-day moving average price is $33.55 and its 200 day moving average price is $34.78.
Exelon Corp. (NYSE:EXC) last released its earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share for the quarter, beating analysts’ consensus estimates of $0.56 by $0.09. The firm earned $6.90 billion during the quarter, compared to the consensus estimate of $7.30 billion. Exelon Corp. had a return on equity of 8.52% and a net margin of 4.58%. The company’s revenue was up 6.1% compared to the same quarter last year. During the same period in the prior year, the company posted $0.59 EPS. On average, analysts predict that Exelon Corp. will post $2.55 EPS for the current fiscal year.
Several equities research analysts have recently weighed in on EXC shares. Deutsche Bank AG raised Exelon Corp. from a “hold” rating to a “buy” rating and increased their price objective for the company from $36.00 to $39.00 in a research report on Friday, July 22nd. Zacks Investment Research cut Exelon Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Jefferies Group reaffirmed a “buy” rating and issued a $36.00 target price (down from $40.00) on shares of Exelon Corp. in a research report on Monday, October 10th. JPMorgan Chase & Co. reduced their target price on Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. Finally, Citigroup Inc. raised their target price on Exelon Corp. from $27.00 to $29.00 and gave the stock a “sell” rating in a research report on Wednesday, July 20th. One research analyst has rated the stock with a sell rating, eight have issued a hold rating and nine have given a buy rating to the company’s stock. The stock has an average rating of “Hold” and an average price target of $36.33.
In other news, CEO Calvin Butler, Jr. sold 6,403 shares of the company’s stock in a transaction on Thursday, September 22nd. The stock was sold at an average price of $35.00, for a total transaction of $224,105.00. Following the completion of the sale, the chief executive officer now directly owns 18,109 shares in the company, valued at approximately $633,815. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 0.80% of the company’s stock.
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).
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corp. (NYSE:EXC).
Receive News & Ratings for Exelon Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon Corp. and related companies with MarketBeat.com's FREE daily email newsletter.