Exelon Corporation (EXC) Stake Raised by Tredje AP fonden
Tredje AP fonden lifted its holdings in shares of Exelon Corporation (NYSE:EXC) by 1.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 6,618 shares of the energy giant’s stock after purchasing an additional 108 shares during the period. Tredje AP fonden’s holdings in Exelon Corporation were worth $239,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also added to or reduced their stakes in EXC. Live Your Vision LLC raised its stake in shares of Exelon Corporation by 0.9% during the 1st quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock worth $106,000 after purchasing an additional 27 shares during the period. Assetmark Inc. raised its stake in shares of Exelon Corporation by 703.5% during the 1st quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock worth $107,000 after purchasing an additional 2,610 shares during the period. V Wealth Management LLC bought a new stake in shares of Exelon Corporation during the 2nd quarter worth $111,000. Sterling Investment Advisors Ltd. raised its stake in shares of Exelon Corporation by 1.2% during the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after purchasing an additional 37 shares during the period. Finally, Hudock Capital Group LLC raised its stake in shares of Exelon Corporation by 0.4% during the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after purchasing an additional 13 shares during the period. Institutional investors own 76.79% of the company’s stock.
Shares of Exelon Corporation (NYSE EXC) opened at 37.61 on Friday. The company has a 50-day moving average price of $38.03 and a 200-day moving average price of $36.44. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The company has a market capitalization of $36.11 billion, a PE ratio of 19.89 and a beta of 0.28.
Exelon Corporation (NYSE:EXC) last announced its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. The business had revenue of $7.62 billion for 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 business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same period last year, the firm posted $0.65 earnings per share. Analysts predict that Exelon Corporation will post $2.68 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th were given a $0.3275 dividend. The ex-dividend date was Friday, August 11th. This represents a $1.31 annualized dividend and a yield of 3.48%. Exelon Corporation’s payout ratio is 68.59%.
In other news, CFO Jonathan W. Thayer sold 202,950 shares of the firm’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 transaction, the chief financial officer now owns 237,181 shares of the company’s stock, valued at $9,012,878. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction dated Monday, June 19th. The stock was sold at an average price of $37.05, for a total value of $493,987.65. Following the completion of the transaction, the executive vice president now directly owns 53,102 shares in the company, valued at approximately $1,967,429.10. The disclosure for this sale can be found here. Insiders sold 475,285 shares of company stock worth $18,067,297 over the last three months. Insiders own 0.70% of the company’s stock.
A number of equities research analysts have recently commented on the company. Deutsche Bank AG reiterated a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research note on Monday, July 17th. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. Barclays PLC reiterated an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a research note on Thursday, August 3rd. Finally, Wolfe Research upgraded Exelon Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. Exelon Corporation currently has a consensus rating of “Buy” and a consensus price target of $40.17.
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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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