Exelon Corporation (EXC) Shares Bought by Live Your Vision LLC
Live Your Vision LLC increased its stake in Exelon Corporation (NYSE:EXC) by 0.9% during the first quarter, Holdings Channel reports. The firm owned 2,951 shares of the energy giant’s stock after buying an additional 27 shares during the period. Live Your Vision LLC’s holdings in Exelon Corporation were worth $106,000 as of its most recent SEC filing.
A number of other institutional investors also recently added to or reduced their stakes in the company. FMR LLC raised its position in shares of Exelon Corporation by 4.4% in the first quarter. FMR LLC now owns 48,274,820 shares of the energy giant’s stock worth $1,736,928,000 after buying an additional 2,041,157 shares during the last quarter. Wellington Management Group LLP raised its position in shares of Exelon Corporation by 0.8% in the first quarter. Wellington Management Group LLP now owns 23,861,309 shares of the energy giant’s stock worth $858,530,000 after buying an additional 180,098 shares during the last quarter. Bank of New York Mellon Corp raised its position in shares of Exelon Corporation by 10.1% in the first quarter. Bank of New York Mellon Corp now owns 11,107,714 shares of the energy giant’s stock worth $399,655,000 after buying an additional 1,015,273 shares during the last quarter. LSV Asset Management raised its position in shares of Exelon Corporation by 5.2% in the first quarter. LSV Asset Management now owns 10,618,605 shares of the energy giant’s stock worth $382,057,000 after buying an additional 526,235 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Exelon Corporation during the fourth quarter worth about $295,370,000. 75.93% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exelon Corporation (NYSE:EXC) traded up 0.38% during midday trading on Thursday, reaching $36.81. The company had a trading volume of 461,106 shares. The firm has a market cap of $34.09 billion, a P/E ratio of 17.52 and a beta of 0.26. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $37.70. The company’s 50-day moving average is $35.57 and its 200-day moving average is $35.55.
Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.62 by $0.03. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.69 billion. Exelon Corporation had a return on equity of 9.00% and a net margin of 6.10%. The company’s revenue for the quarter was up 15.6% on a year-over-year basis. During the same period in the previous year, the company posted $0.68 earnings per share. Equities research analysts expect that Exelon Corporation will post $2.67 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Monday, May 15th were issued a dividend of $0.3275 per share. The ex-dividend date was Thursday, May 11th. This represents a $1.31 annualized dividend and a yield of 3.57%. Exelon Corporation’s dividend payout ratio is presently 62.09%.
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A number of research analysts recently commented on EXC shares. Royal Bank Of Canada restated a “buy” rating and set a $40.00 price objective on shares of Exelon Corporation in a research note on Friday, March 17th. Barclays PLC restated an “overweight” rating and set a $43.00 price objective (up from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. Wells Fargo & Company downgraded Exelon Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 5th. BMO Capital Markets restated a “hold” rating and set a $37.00 price objective on shares of Exelon Corporation in a research note on Thursday, May 4th. Finally, Citigroup Inc. increased their price target on Exelon Corporation from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, April 3rd. Eight analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $38.96.
In other Exelon Corporation news, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $37.05, for a total transaction of $493,987.65. Following the transaction, the executive vice president now directly owns 53,102 shares in the company, valued at $1,967,429.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of Exelon Corporation stock in a transaction dated Monday, June 12th. The stock was sold at an average price of $36.52, for a total value of $17,014,375.84. Following the transaction, the chairman now owns 567,649 shares in the company, valued at $20,730,541.48. The disclosure for this sale can be found here. Insiders own 0.70% of the company’s stock.
About Exelon Corporation
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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