Whittier Trust Co. reduced its stake in shares of Exelon Corp. (NYSE:EXC) by 1.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,175 shares of the energy giant’s stock after selling 85 shares during the period. Whittier Trust Co.’s holdings in Exelon Corp. were worth $261,000 as of its most recent filing with the SEC.
Several other large investors have also bought and sold shares of the stock. Quadrature Capital Ltd bought a new position in shares of Exelon Corp. during the first quarter worth about $227,000. UBS Asset Management Americas Inc. increased its stake in Exelon Corp. by 0.8% in the first quarter. UBS Asset Management Americas Inc. now owns 3,155,158 shares of the energy giant’s stock valued at $113,145,000 after buying an additional 24,005 shares during the period. Lazard Asset Management LLC increased its stake in shares of Exelon Corp. by 16.2% in the first quarter. Lazard Asset Management LLC now owns 771,013 shares of the energy giant’s stock worth $27,647,000 after buying an additional 107,485 shares during the period. Meeder Asset Management Inc. increased its stake in shares of Exelon Corp. by 13,381.3% in the first quarter. Meeder Asset Management Inc. now owns 40,444 shares of the energy giant’s stock worth $1,450,000 after buying an additional 40,144 shares during the period. Finally, BB&T Securities LLC increased its stake in shares of Exelon Corp. by 376.0% in the first quarter. BB&T Securities LLC now owns 57,323 shares of the energy giant’s stock worth $2,055,000 after buying an additional 45,281 shares during the period. Institutional investors and hedge funds own 74.90% of the company’s stock.
Shares of Exelon Corp. (NYSE:EXC) traded down 0.46% on Friday, reaching $32.70. 4,521,006 shares of the company’s stock traded hands. Exelon Corp. has a 52 week low of $25.09 and a 52 week high of $37.70. The stock has a market capitalization of $30.18 billion, a price-to-earnings ratio of 21.89 and a beta of 0.25. The stock’s 50-day moving average price is $33.61 and its 200-day moving average price is $34.80.
Exelon Corp. (NYSE:EXC) last issued its earnings results on Tuesday, August 9th. The energy giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. The company had revenue of $6.90 billion for the quarter, compared to analyst estimates of $7.30 billion. Exelon Corp. had a net margin of 4.58% and a return on equity of 8.52%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the firm earned $0.59 EPS. Equities analysts predict that Exelon Corp. will post $2.55 EPS for the current year.
Several equities analysts have issued reports on EXC shares. Barclays PLC decreased their price objective on shares of Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating on the stock in a report on Wednesday, August 31st. Jefferies Group reaffirmed a “buy” rating and set a $36.00 price objective (down from $40.00) on shares of Exelon Corp. in a report on Monday. Citigroup Inc. increased their price objective on shares of Exelon Corp. from $27.00 to $29.00 and gave the company a “sell” rating in a report on Wednesday, July 20th. Zacks Investment Research downgraded shares of Exelon Corp. from a “hold” rating to a “sell” rating in a report on Tuesday, July 19th. Finally, Deutsche Bank AG increased their price objective on shares of Exelon Corp. from $39.00 to $40.00 and gave the company a “buy” rating in a report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and nine have issued a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $36.33.
In related news, CEO Calvin Butler, Jr. sold 6,403 shares of the business’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total value of $224,105.00. Following the sale, the chief executive officer now directly owns 18,109 shares in the company, valued at approximately $633,815. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 0.80% of the stock is currently owned by corporate insiders.
Exelon Corp. Company Profile
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).
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