PNC Financial Services Group Inc. lowered its position in shares of Exelon Corporation (NYSE:EXC) by 2.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 437,686 shares of the energy giant’s stock after selling 10,721 shares during the period. PNC Financial Services Group Inc.’s holdings in Exelon Corporation were worth $15,787,000 at the end of the most recent quarter.

Several other hedge funds have also recently modified their holdings of the stock. BlackRock Inc. grew its stake in shares of Exelon Corporation by 3,711.9% during the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock worth $2,672,738,000 after purchasing an additional 72,335,239 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Exelon Corporation by 4.4% during the first quarter. Vanguard Group Inc. now owns 64,584,297 shares of the energy giant’s stock worth $2,323,743,000 after purchasing an additional 2,744,360 shares in the last quarter. State Street Corp grew its stake in shares of Exelon Corporation by 1.9% during the first quarter. State Street Corp now owns 56,988,557 shares of the energy giant’s stock worth $2,050,464,000 after purchasing an additional 1,066,298 shares in the last quarter. FMR LLC grew its stake in shares of Exelon Corporation by 4.4% during the first quarter. FMR LLC now owns 48,274,820 shares of the energy giant’s stock worth $1,736,928,000 after purchasing an additional 2,041,157 shares in the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Exelon Corporation by 0.8% during the first quarter. Wellington Management Group LLP now owns 23,861,309 shares of the energy giant’s stock worth $858,530,000 after purchasing an additional 180,098 shares in the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.

A number of brokerages recently commented on EXC. Morgan Stanley boosted their target price on shares of Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. KeyCorp reiterated a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research note on Friday, September 1st. BidaskClub upgraded shares of Exelon Corporation from a “buy” rating to a “strong-buy” rating in a research note on Saturday, August 26th. Barclays PLC reiterated an “overweight” rating and set a $44.00 target price (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Finally, Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. Six research analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $40.17.

Shares of Exelon Corporation (EXC) opened at 36.91 on Thursday. The stock has a market capitalization 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 has a one year low of $29.82 and a one year high of $38.78.

Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The business had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same period in the previous year, the business posted $0.65 EPS. The company’s quarterly revenue was up 10.3% on a year-over-year basis. Equities analysts predict that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th were issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a dividend yield of 3.55%. The ex-dividend date was Friday, August 11th. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.

In other news, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation 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 transaction, the executive vice president now directly owns 39,769 shares of the company’s stock, valued at approximately $1,523,550.39. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Jonathan W. Thayer sold 215,669 shares of Exelon Corporation 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 transaction, the executive vice president now directly owns 237,181 shares of the company’s stock, valued at $9,012,878. The disclosure for this sale can be found here. Insiders sold a total of 461,952 shares of company stock valued at $17,573,309 over the last ninety days. Company insiders own 0.70% of the company’s stock.

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Exelon Corporation 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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Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

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