Exelon Corp. (NYSE:EXC) CEO Calvin Butler, Jr. sold 6,403 shares of Exelon Corp. stock in a transaction that occurred on Thursday, September 22nd. The stock was sold at an average price of $35.00, for a total value of $224,105.00. Following the completion of the transaction, the chief executive officer now owns 18,109 shares of the company’s stock, valued at approximately $633,815. The sale was disclosed in a document filed with the SEC, which is available at this link.
Shares of Exelon Corp. (NYSE:EXC) opened at 34.82 on Tuesday. Exelon Corp. has a 12 month low of $25.09 and a 12 month high of $37.70. The stock’s 50 day moving average price is $34.40 and its 200-day moving average price is $35.00. The firm has a market capitalization of $32.13 billion, a price-to-earnings ratio of 23.31 and a beta of 0.24.
Exelon Corp. (NYSE:EXC) last posted its quarterly earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.56 by $0.09. Exelon Corp. had a return on equity of 8.52% and a net margin of 4.58%. The business had revenue of $6.90 billion for the quarter, compared to analyst estimates of $7.30 billion. During the same period last year, the company earned $0.59 EPS. The firm’s revenue was up 6.1% on a year-over-year basis. On average, equities research analysts predict that Exelon Corp. will post $2.57 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were given a $0.318 dividend. The ex-dividend date was Thursday, August 11th. This represents a $1.27 annualized dividend and a dividend yield of 3.65%. Exelon Corp.’s dividend payout ratio is currently 84.67%.
Hedge funds and other institutional investors have recently bought and sold shares of the company. First Manhattan Co. raised its position in Exelon Corp. by 5.4% in the second quarter. First Manhattan Co. now owns 2,853 shares of the energy giant’s stock valued at $103,000 after buying an additional 147 shares in the last quarter. Hudock Capital Group LLC raised its position in Exelon Corp. by 0.5% in the second quarter. Hudock Capital Group LLC now owns 2,925 shares of the energy giant’s stock valued at $106,000 after buying an additional 14 shares in the last quarter. Cable Hill Partners LLC raised its position in Exelon Corp. by 3.7% in the second quarter. Cable Hill Partners LLC now owns 3,189 shares of the energy giant’s stock valued at $117,000 after buying an additional 114 shares in the last quarter. Assetmark Inc. raised its position in Exelon Corp. by 1,268.3% in the second quarter. Assetmark Inc. now owns 3,886 shares of the energy giant’s stock valued at $141,000 after buying an additional 3,602 shares in the last quarter. Finally, CT Financial Advisors LLC raised its position in Exelon Corp. by 0.3% in the second quarter. CT Financial Advisors LLC now owns 4,096 shares of the energy giant’s stock valued at $149,000 after buying an additional 11 shares in the last quarter. Institutional investors and hedge funds own 74.90% of the company’s stock.
Several research analysts have recently commented on EXC shares. Deutsche Bank AG lifted their target price on Exelon Corp. from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. Bank of America Corp. restated a “hold” rating and set a $37.00 price objective on shares of Exelon Corp. in a research report on Thursday, August 11th. Jefferies Group restated a “buy” rating and set a $40.00 price objective on shares of Exelon Corp. in a research report on Friday, August 12th. Barclays PLC reduced their price objective on Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, August 31st. Finally, Zacks Investment Research upgraded Exelon Corp. from a “sell” rating to a “hold” rating in a research report on Monday, July 25th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and ten have assigned a buy rating to the company’s stock. Exelon Corp. has an average rating of “Hold” and an average price target of $36.23.
About Exelon Corp.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
Receive News & Ratings for Exelon Corp. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon Corp. and related companies with MarketBeat.com's FREE daily email newsletter.