CCM Investment Advisers LLC Sells 167,546 Shares of Exelon Corporation (NYSE:EXC)
CCM Investment Advisers LLC reduced its stake in shares of Exelon Corporation (NYSE:EXC) by 71.8% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 65,850 shares of the energy giant’s stock after selling 167,546 shares during the period. CCM Investment Advisers LLC’s holdings in Exelon Corporation were worth $2,375,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of EXC. BlackRock Inc. boosted its stake in shares of Exelon Corporation by 3,711.9% in the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock valued at $2,672,738,000 after buying an additional 72,335,239 shares during the last quarter. BKD Wealth Advisors LLC boosted its stake 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 valued at $354,000 after buying an additional 1,105 shares during the last quarter. Tompkins Financial Corp boosted its stake in shares of Exelon Corporation by 4.4% in the first quarter. Tompkins Financial Corp now owns 98,829 shares of the energy giant’s stock valued at $3,544,000 after buying an additional 4,164 shares during the last quarter. IFP Advisors Inc boosted its stake in shares of Exelon Corporation by 6.0% in the first quarter. IFP Advisors Inc now owns 45,861 shares of the energy giant’s stock valued at $1,650,000 after buying an additional 2,580 shares during the last quarter. Finally, Victory Capital Management Inc. boosted its stake in shares of Exelon Corporation by 6.5% in the first quarter. Victory Capital Management Inc. now owns 186,362 shares of the energy giant’s stock valued at $6,705,000 after buying an additional 11,333 shares during the last quarter. 74.81% of the stock is owned by institutional investors.
Exelon Corporation (NYSE EXC) opened at 37.50 on Friday. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78. The firm has a 50-day moving average price of $37.05 and a 200 day moving average price of $36.03. The company has a market cap of $36.00 billion, a price-to-earnings ratio of 19.83 and a beta of 0.27.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.65 EPS. Equities analysts expect that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be paid a $0.3275 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.49%. Exelon Corporation’s payout ratio is currently 68.59%.
ILLEGAL ACTIVITY NOTICE: This article was first published by Daily Political and is the sole property of of Daily Political. If you are viewing this article on another domain, it was illegally stolen and reposted in violation of international copyright laws. The original version of this article can be accessed at https://www.dailypolitical.com/2017/08/12/ccm-investment-advisers-llc-sells-167546-shares-of-exelon-corporation-nyseexc.html.
EXC has been the subject of several recent analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $43.00 target price (up previously from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. Wolfe Research raised Exelon Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. BMO Capital Markets reaffirmed a “hold” rating and set a $37.00 target price on shares of Exelon Corporation in a research note on Thursday, May 4th. Finally, Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research note on Monday, July 17th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company. Exelon Corporation currently has a consensus rating of “Buy” and an average target price of $39.92.
In related news, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $37.05, for a total value of $493,987.65. Following the sale, the executive vice president now owns 53,102 shares in the company, valued at approximately $1,967,429.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 57,243 shares in the company, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. Insiders sold a total of 927,844 shares of company stock worth $34,570,885 in the last 90 days. 0.70% of the stock is currently owned by company 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.
Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NYSE:EXC).
Receive News & Ratings for Exelon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon Corporation and related companies with MarketBeat.com's FREE daily email newsletter.