Exelon Corporation (NYSE:EXC) Position Increased by Financial Consulate Inc.
Financial Consulate Inc. increased its position in shares of Exelon Corporation (NYSE:EXC) by 38.6% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 9,393 shares of the energy giant’s stock after buying an additional 2,616 shares during the period. Financial Consulate Inc.’s holdings in Exelon Corporation were worth $339,000 at the end of the most recent quarter.
A number of other institutional investors also recently made changes to their positions in the stock. Cambridge Advisors Inc. raised its position in shares of Exelon Corporation by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock worth $249,000 after buying an additional 23 shares in the last quarter. Live Your Vision LLC raised its position in shares of 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 in the last quarter. Chesley Taft & Associates LLC raised its position in shares of Exelon Corporation by 0.6% in the second quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock worth $213,000 after buying an additional 35 shares in the last quarter. Guardian Life Insurance Co. of America raised its position in shares of Exelon Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 3,579 shares of the energy giant’s stock worth $129,000 after buying an additional 42 shares in the last quarter. Finally, Gradient Investments LLC raised its position in shares of Exelon Corporation by 0.7% in the first quarter. Gradient Investments LLC now owns 10,009 shares of the energy giant’s stock worth $360,000 after buying an additional 72 shares in the last quarter. Hedge funds and other institutional investors own 74.81% of the company’s stock.
Shares of Exelon Corporation (NYSE:EXC) opened at 38.17 on Monday. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78. The stock has a market capitalization of $35.35 billion, a price-to-earnings ratio of 20.01 and a beta of 0.27. The firm’s 50-day moving average is $36.76 and its 200-day moving average is $35.90.
Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. On average, analysts predict that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.3275 per share. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. Exelon Corporation’s payout ratio is currently 68.59%.
A number of equities analysts recently issued reports on the stock. UBS AG upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and increased their target price for the company from $36.00 to $37.50 in a research report on Monday, May 15th. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Barclays PLC reiterated an “overweight” rating and issued a $44.00 target price (up previously from $43.00) on shares of Exelon Corporation in a research report on Thursday. Credit Suisse Group reissued a “buy” rating and issued a $42.00 price target on shares of Exelon Corporation in a report on Tuesday, May 30th. Finally, ValuEngine downgraded shares of Exelon Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Seven research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Exelon Corporation has a consensus rating of “Buy” and a consensus target price of $39.71.
In related news, Director John W. Rogers, Jr. bought 3,000 shares of the firm’s stock in a transaction dated Thursday, May 11th. The stock was bought at an average cost of $33.57 per share, for a total transaction of $100,710.00. Following the transaction, the director now owns 14,374 shares of the company’s stock, valued at $482,535.18. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of the business’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the transaction, the insider now owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The disclosure for this sale can be found here. Insiders have sold a total of 927,844 shares of company stock valued at $34,570,885 over the last 90 days. Corporate insiders own 0.70% of the company’s stock.
Exelon Corporation Company Profile
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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