Eaton Vance Management increased its position in shares of Exelon Corp. (NYSE:EXC) by 9.0% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 34,696 shares of the energy giant’s stock after buying an additional 2,870 shares during the period. Eaton Vance Management’s holdings in Exelon Corp. were worth $1,262,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. IFP Advisors Inc raised its stake in Exelon Corp. by 69.1% in the first quarter. IFP Advisors Inc now owns 43,446 shares of the energy giant’s stock worth $1,558,000 after buying an additional 17,754 shares during the period. Duff & Phelps Investment Management Co. bought a new stake in Exelon Corp. during the first quarter worth about $215,000. Centre Asset Management LLC raised its stake in Exelon Corp. by 40.5% in the first quarter. Centre Asset Management LLC now owns 362,600 shares of the energy giant’s stock worth $13,003,000 after buying an additional 104,540 shares during the period. Cornerstone Financial Partners LLC bought a new stake in Exelon Corp. during the first quarter worth about $1,291,000. Finally, Los Angeles Capital Management & Equity Research Inc. raised its stake in Exelon Corp. by 2.0% in the first quarter. Los Angeles Capital Management & Equity Research Inc. now owns 57,011 shares of the energy giant’s stock worth $2,044,000 after buying an additional 1,100 shares during the period. Institutional investors and hedge funds own 74.90% of the company’s stock.
Shares of Exelon Corp. (NYSE:EXC) traded up 0.37% during mid-day trading on Monday, hitting $34.93. The company had a trading volume of 1,710,322 shares. The firm has a market cap of $32.24 billion, a PE ratio of 23.38 and a beta of 0.24. The firm’s 50 day moving average is $34.44 and its 200-day moving average is $34.98. Exelon Corp. has a 12-month low of $25.09 and a 12-month high of $37.70.
Exelon Corp. (NYSE:EXC) last announced its quarterly earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.56 by $0.09. Exelon Corp. had a return on equity of 8.52% and a net margin of 4.58%. The company earned $6.90 billion during the quarter, compared to analysts’ expectations of $7.30 billion. During the same quarter in the previous year, the firm earned $0.59 earnings per share. The business’s quarterly revenue was up 6.1% compared to the same quarter last year. On average, equities analysts expect that Exelon Corp. will post $2.57 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Stockholders of record on Monday, August 15th were paid a $0.318 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.27 dividend on an annualized basis and a dividend yield of 3.66%. Exelon Corp.’s payout ratio is presently 84.67%.
A number of equities research analysts have recently issued reports on EXC shares. Zacks Investment Research lowered Exelon Corp. from a “hold” rating to a “sell” rating in a research note on Tuesday, July 19th. Citigroup Inc. raised their price objective on Exelon Corp. from $27.00 to $29.00 and gave the company a “sell” rating in a research note on Wednesday, July 20th. Deutsche Bank AG upgraded Exelon Corp. from a “hold” rating to a “buy” rating and raised their price objective for the company from $36.00 to $39.00 in a research note on Friday, July 22nd. Bank of America Corp. restated a “hold” rating and set a $37.00 price objective on shares of Exelon Corp. in a research note on Thursday, August 11th. Finally, Morgan Stanley set a $38.00 price objective on Exelon Corp. and gave the company a “hold” rating in a research note on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average price target of $36.23.
In other news, CEO Kenneth W. Cornew sold 30,000 shares of Exelon Corp. stock in a transaction dated Friday, July 15th. The stock was sold at an average price of $36.47, for a total value of $1,094,100.00. Following the transaction, the chief executive officer now directly owns 32,844 shares in the company, valued at $1,197,820.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Calvin Butler, Jr. sold 6,403 shares of Exelon Corp. stock in a transaction dated 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 in the company, valued at $633,815. The disclosure for this sale can be found here. 0.80% of the stock is owned by 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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