State Treasurer State of Michigan continued to hold its stake in Exelon Corporation (NYSE:EXC) during the second quarter, Holdings Channel reports. The institutional investor owned 304,397 shares of the energy giant’s stock at the end of the second quarter. State Treasurer State of Michigan’s holdings in Exelon Corporation were worth $10,980,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of EXC. Live Your Vision LLC increased its stake in Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock worth $106,000 after buying an additional 27 shares during the last quarter. Assetmark Inc. increased its stake in Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock worth $107,000 after buying an additional 2,610 shares during the last quarter. V Wealth Management LLC bought a new stake in Exelon Corporation during the second quarter worth about $111,000. Hudock Capital Group LLC increased its stake in Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock worth $114,000 after buying an additional 240 shares during the last quarter. Finally, Jacobi Capital Management LLC increased its stake in Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock worth $122,000 after buying an additional 372 shares during the last quarter. Institutional investors own 74.91% of the company’s stock.

Exelon Corporation (EXC) traded down 0.27% during mid-day trading on Friday, reaching $37.50. 966,244 shares of the company’s stock traded hands. The company has a 50-day moving average of $36.48 and a 200-day moving average of $35.75. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $37.76. The company has a market capitalization of $34.73 billion, a price-to-earnings ratio of 17.85 and a beta of 0.26.

Exelon Corporation (NYSE:EXC) last released its quarterly earnings results on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.62 by $0.03. Exelon Corporation had a net margin of 6.10% and a return on equity of 9.00%. The business had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.69 billion. During the same quarter in the previous year, the business earned $0.68 earnings per share. The firm’s revenue was up 15.6% compared to the same quarter last year. Equities research analysts expect that Exelon Corporation will post $2.67 EPS for the current year.

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A number of equities research analysts have recently issued reports on the stock. UBS AG upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $36.00 to $37.50 in a research report on Monday, May 15th. Wolfe Research upgraded shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday. BidaskClub cut shares of Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Deutsche Bank AG reissued a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a research note on Monday. Finally, Morgan Stanley cut shares of Exelon Corporation from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $40.00 to $37.00 in a research note on Tuesday, March 28th. They noted that the move was a valuation call. Nine equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $39.07.

In other news, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $37.05, for a total transaction of $493,987.65. Following the sale, the executive vice president now owns 53,102 shares in the company, valued at $1,967,429.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 465,892 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $36.52, for a total transaction of $17,014,375.84. Following the sale, the chairman now owns 567,649 shares in the company, valued at approximately $20,730,541.48. The disclosure for this sale can be found here. 0.70% of the stock is owned by insiders.

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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Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

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