Exelon Corporation (EXC) Shares Bought by Schwab Charles Investment Management Inc.
Schwab Charles Investment Management Inc. increased its stake in Exelon Corporation (NYSE:EXC) by 4.4% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,755,808 shares of the energy giant’s stock after buying an additional 159,457 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Exelon Corporation were worth $135,472,000 as of its most recent SEC filing.
Other hedge funds also recently modified their holdings of the company. Cambridge Advisors Inc. raised its position in Exelon Corporation by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock valued at $249,000 after buying an additional 23 shares during the last quarter. Live Your Vision LLC raised its position 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 valued at $106,000 after buying an additional 27 shares during the last quarter. Chesley Taft & Associates LLC raised its position in Exelon Corporation by 0.6% in the second quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock valued at $213,000 after buying an additional 35 shares during the last quarter. Guardian Life Insurance Co. of America raised its position in 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 valued at $129,000 after buying an additional 42 shares during the last quarter. Finally, Security National Trust Co. raised its position in Exelon Corporation by 0.6% in the first quarter. Security National Trust Co. now owns 15,187 shares of the energy giant’s stock valued at $547,000 after buying an additional 85 shares during the last quarter. Institutional investors and hedge funds own 74.81% of the company’s stock.
Shares of Exelon Corporation (NYSE EXC) opened at 37.50 on Friday. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78. The stock’s 50 day moving average is $37.05 and its 200-day moving average is $36.03. The company has a market cap of $36.00 billion, a P/E ratio of 19.83 and a beta of 0.27.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The business’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, equities analysts forecast that Exelon Corporation will post $2.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.49%. Exelon Corporation’s payout ratio is currently 68.59%.
Several research firms have recently issued reports on EXC. Barclays PLC reiterated an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a report on Wednesday. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $43.00 in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research report on Monday, July 17th. Finally, Wolfe Research raised shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average price target of $39.92.
In other news, Chairman Mayo A. Shattuck III sold 465,892 shares of the stock in a transaction 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 sale, the chairman now owns 567,649 shares in the company, valued at $20,730,541.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Jonathan W. Thayer sold 215,669 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $38.00, for a total transaction of $8,195,422.00. Following the completion of the sale, the executive vice president now owns 237,181 shares in the company, valued at approximately $9,012,878. The disclosure for this sale can be found here. Insiders sold 927,844 shares of company stock worth $34,570,885 in the last quarter. 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.
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.