Nicolet Bankshares Inc. Invests $206,000 in Exelon Corp. (EXC)
Nicolet Bankshares Inc. bought a new stake in Exelon Corp. (NYSE:EXC) during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,666 shares of the energy giant’s stock, valued at approximately $206,000.
Several other large investors have also modified their holdings of EXC. First Manhattan Co. raised its position in Exelon Corp. by 5.4% in the second quarter. First Manhattan Co. now owns 2,853 shares of the energy giant’s stock valued at $103,000 after buying an additional 147 shares during the period. CT Financial Advisors LLC raised its position in Exelon Corp. by 0.3% in the second quarter. CT Financial Advisors LLC now owns 4,096 shares of the energy giant’s stock valued at $149,000 after buying an additional 11 shares during the period. JNBA Financial Advisors raised its position in Exelon Corp. by 22.2% in the second quarter. JNBA Financial Advisors now owns 4,408 shares of the energy giant’s stock valued at $160,000 after buying an additional 800 shares during the period. HL Financial Services LLC purchased a new position in Exelon Corp. during the second quarter valued at approximately $204,000. Finally, Tufton Capital Management purchased a new position in Exelon Corp. during the second quarter valued at approximately $206,000. 74.92% of the stock is currently owned by institutional investors and hedge funds.
Exelon Corp. (NYSE:EXC) traded up 0.15% during trading on Monday, reaching $32.75. The company had a trading volume of 3,133,948 shares. The stock has a market cap of $30.22 billion, a PE ratio of 21.92 and a beta of 0.25. The company has a 50-day moving average price of $33.55 and a 200 day moving average price of $34.78. Exelon Corp. has a 52-week low of $25.09 and a 52-week high of $37.70.
Exelon Corp. (NYSE:EXC) last posted its earnings results on Tuesday, August 9th. The energy giant reported $0.65 EPS for the quarter, beating the 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 last year, the firm earned $0.59 EPS. The firm’s revenue was up 6.1% compared to the same quarter last year. On average, analysts anticipate that Exelon Corp. will post $2.55 earnings per share for the current year.
EXC has been the topic of several research analyst reports. Barclays PLC cut their price target on Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating on the stock in a research report on Wednesday, August 31st. Jefferies Group reissued a “buy” rating and issued a $36.00 target price (down previously from $40.00) on shares of Exelon Corp. in a report on Monday, October 10th. Citigroup Inc. boosted their target price on Exelon Corp. from $27.00 to $29.00 and gave the company a “sell” rating in a report on Wednesday, July 20th. Zacks Investment Research lowered Exelon Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Deutsche Bank AG boosted their target price on Exelon Corp. from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 11th. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Exelon Corp. currently has a consensus rating of “Hold” and an average target price of $36.33.
In other Exelon Corp. news, CEO Calvin Butler, Jr. sold 6,403 shares of the 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 transaction, the chief executive officer now directly owns 18,109 shares of the company’s stock, valued at approximately $633,815. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Company 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).
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