Exelon Corporation (EXC) Shares Bought by Acadian Asset Management LLC
Acadian Asset Management LLC raised its position in shares of Exelon Corporation (NYSE:EXC) by 51.4% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,001 shares of the energy giant’s stock after buying an additional 4,755 shares during the period. Acadian Asset Management LLC’s holdings in Exelon Corporation were worth $505,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also made changes to their positions in EXC. Live Your Vision LLC increased 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 during the last quarter. Assetmark Inc. increased its position in shares of 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 acquired a new position in shares of Exelon Corporation during the second quarter worth about $111,000. Hudock Capital Group LLC increased its position in shares of 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 position in shares of 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. 74.81% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exelon Corporation (NYSE:EXC) traded up 0.23% during mid-day trading on Friday, reaching $37.50. The company’s stock had a trading volume of 3,652,964 shares. The firm has a market cap of $36.00 billion, a P/E ratio of 19.83 and a beta of 0.27. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78. The firm’s 50-day moving average price is $37.05 and its 200 day moving average price is $36.03.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $7.62 billion during the quarter, compared to analysts’ expectations 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% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.65 EPS. On average, analysts expect that Exelon Corporation will post $2.69 EPS 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 is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.49%. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
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A number of research analysts have recently issued reports on the company. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $36.00 to $37.50 in a report on Monday, May 15th. Barclays PLC reaffirmed an “overweight” rating and set a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a report on Wednesday. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and upped their price target for the company from $36.00 to $43.00 in a report on Thursday, July 27th. BidaskClub downgraded Exelon Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $42.00 price target on shares of Exelon Corporation in a report on Tuesday, May 30th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average price target of $39.92.
In other news, CFO Jonathan W. Thayer sold 202,950 shares of the business’s stock in a transaction dated Thursday, July 27th. The stock was sold at an average price of $38.00, for a total value of $7,712,100.00. Following the completion of the transaction, the chief financial officer now owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Denis P. O’brien sold 30,000 shares of the business’s stock in a transaction dated Monday, July 31st. The shares were sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the transaction, the insider now directly owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. In the last three months, insiders sold 927,844 shares of company stock valued at $34,570,885. 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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