Exelon Corporation (EXC) Position Lessened by BRYN MAWR TRUST Co
BRYN MAWR TRUST Co reduced its position in shares of Exelon Corporation (NYSE:EXC) by 1.5% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 8,613 shares of the energy giant’s stock after selling 129 shares during the period. BRYN MAWR TRUST Co’s holdings in Exelon Corporation were worth $310,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Live Your Vision LLC boosted its holdings 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 buying an additional 27 shares during the period. Sandy Spring Bank boosted its holdings in Exelon Corporation by 10.1% in the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after purchasing an additional 271 shares during the period. Assetmark Inc. boosted its holdings in Exelon Corporation by 703.5% in the 1st quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock valued at $107,000 after purchasing an additional 2,610 shares during the period. V Wealth Management LLC bought a new stake in Exelon Corporation in the 2nd quarter valued at $111,000. Finally, Sterling Investment Advisors Ltd. boosted its holdings in Exelon Corporation by 1.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after purchasing an additional 37 shares during the period. 76.78% of the stock is owned by institutional investors and hedge funds.
Exelon Corporation (EXC) opened at 36.91 on Thursday. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The firm has a market cap of $35.44 billion, a PE ratio of 19.52 and a beta of 0.28. The stock has a 50 day moving average of $37.97 and a 200-day moving average of $36.45.
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, beating the Zacks’ consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. Exelon Corporation’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.65 earnings per share. Analysts expect that Exelon Corporation will post $2.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th were given a $0.3275 dividend. The ex-dividend date of this dividend was Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.55%. Exelon Corporation’s payout ratio is presently 68.59%.
A number of brokerages have weighed in on EXC. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Credit Suisse Group reissued a “buy” rating and issued a $42.00 price target on shares of Exelon Corporation in a report on Tuesday, May 30th. Barclays PLC reissued an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. ValuEngine downgraded shares of Exelon Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, Deutsche Bank AG reissued a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a report 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 stock. The stock currently has an average rating of “Buy” and a consensus price target of $40.17.
In other news, EVP Paymon Aliabadi sold 13,333 shares of the business’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the sale, the executive vice president now owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Jonathan W. Thayer sold 215,669 shares of the business’s stock in a transaction dated Friday, July 28th. The shares were 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 directly owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The disclosure for this sale can be found here. In the last three months, insiders sold 461,952 shares of company stock valued at $17,573,309. 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.
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.