Advisor Partners LLC Has $402,000 Position in Exelon Corporation (EXC)
Advisor Partners LLC raised its position in shares of Exelon Corporation (NYSE:EXC) by 1.6% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,142 shares of the energy giant’s stock after buying an additional 173 shares during the period. Advisor Partners LLC’s holdings in Exelon Corporation were worth $402,000 as of its most recent filing with the SEC.
Several other hedge funds and other institutional investors have also made changes to their positions in EXC. First National Bank & Trust Co. of Newtown increased its position in shares of Exelon Corporation by 18.4% in the first quarter. First National Bank & Trust Co. of Newtown now owns 13,170 shares of the energy giant’s stock worth $474,000 after buying an additional 2,046 shares during the last quarter. Atria Investments LLC acquired a new position in shares of Exelon Corporation during the first quarter worth approximately $201,000. BKD Wealth Advisors LLC increased its position in shares of Exelon Corporation by 12.6% in the first quarter. BKD Wealth Advisors LLC now owns 9,845 shares of the energy giant’s stock worth $354,000 after buying an additional 1,105 shares during the last quarter. Private Trust Co. NA acquired a new position in shares of Exelon Corporation during the first quarter worth approximately $487,000. Finally, TNB Financial acquired a new position in shares of Exelon Corporation during the first quarter worth approximately $408,000. 74.81% of the stock is owned by hedge funds and other institutional investors.
Exelon Corporation (NYSE EXC) opened at 37.70 on Thursday. The stock has a market capitalization of $34.91 billion, a price-to-earnings ratio of 19.76 and a beta of 0.27. The stock’s 50 day moving average is $37.00 and its 200-day moving average is $36.00. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same period in the prior year, the business posted $0.65 EPS. The business’s revenue for the quarter was up 10.3% compared to the same quarter last year. On average, equities research analysts expect that Exelon Corporation will post $2.69 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be issued a $0.3275 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.47%. Exelon Corporation’s dividend payout ratio is currently 68.59%.
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A number of research analysts recently commented on the stock. Barclays PLC reaffirmed an “overweight” rating and issued a $44.00 price target (up previously from $43.00) on shares of Exelon Corporation in a report on Thursday, August 3rd. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and increased their price target for the company from $36.00 to $43.00 in a report on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a report on Monday, July 17th. Finally, ValuEngine downgraded shares of Exelon Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Seven analysts have rated the stock with a hold rating and eleven have issued a buy rating to the stock. Exelon Corporation currently has a consensus rating of “Buy” and a consensus target price of $39.71.
In other news, Chairman Mayo A. Shattuck III sold 465,892 shares of the company’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 value of $17,014,375.84. Following the transaction, the chairman now directly owns 567,649 shares in the company, valued at approximately $20,730,541.48. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CFO Jonathan W. Thayer sold 202,950 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the completion of the transaction, the chief financial officer now owns 237,181 shares in the company, valued at $9,012,878. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 927,844 shares of company stock worth $34,570,885. Company 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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