Huntington National Bank cut its position in Exelon Corp. (NYSE:EXC) by 20.2% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 45,851 shares of the energy giant’s stock after selling 11,574 shares during the period. Huntington National Bank’s holdings in Exelon Corp. were worth $1,667,000 at the end of the most recent reporting period.
A number of other hedge funds have also recently made changes to their positions in EXC. First Manhattan Co. raised its stake in shares of Exelon Corp. by 5.4% in the second quarter. First Manhattan Co. now owns 2,853 shares of the energy giant’s stock worth $103,000 after buying an additional 147 shares during the last quarter. CT Financial Advisors LLC raised its stake in shares of Exelon Corp. by 0.3% in the second quarter. CT Financial Advisors LLC now owns 4,096 shares of the energy giant’s stock worth $149,000 after buying an additional 11 shares during the last quarter. JNBA Financial Advisors raised its stake in shares of Exelon Corp. by 22.2% in the second quarter. JNBA Financial Advisors now owns 4,408 shares of the energy giant’s stock worth $160,000 after buying an additional 800 shares during the last quarter. HL Financial Services LLC purchased a new stake in shares of Exelon Corp. during the second quarter worth approximately $204,000. Finally, Tufton Capital Management purchased a new stake in shares of Exelon Corp. during the second quarter worth approximately $206,000. Hedge funds and other institutional investors own 74.90% of the company’s stock.
Exelon Corp. (NYSE:EXC) traded down 0.46% during midday trading on Friday, reaching $32.70. The company’s stock had a trading volume of 4,521,006 shares. Exelon Corp. has a 52-week low of $25.09 and a 52-week high of $37.70. The firm has a 50 day moving average of $33.55 and a 200 day moving average of $34.78. The firm has a market cap of $30.18 billion, a P/E ratio of 21.89 and a beta of 0.25.
Exelon Corp. (NYSE:EXC) last issued its earnings results on Tuesday, August 9th. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.56 by $0.09. The firm had revenue of $6.90 billion for the quarter, compared to analyst estimates of $7.30 billion. Exelon Corp. had a return on equity of 8.52% and a net margin of 4.58%. The business’s revenue was up 6.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.59 earnings per share. Analysts anticipate that Exelon Corp. will post $2.55 earnings per share for the current fiscal year.
A number of brokerages recently commented on EXC. Morgan Stanley set a $38.00 price objective on Exelon Corp. and gave the stock a “hold” rating in a research report on Thursday, August 11th. Deutsche Bank AG upgraded Exelon Corp. from a “hold” rating to a “buy” rating and lifted their price objective for the stock from $36.00 to $39.00 in a research report on Friday, July 22nd. Jefferies Group reiterated a “buy” rating and issued a $36.00 price objective (down from $40.00) on shares of Exelon Corp. in a research report on Monday, October 10th. Zacks Investment Research lowered Exelon Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Finally, JPMorgan Chase & Co. lowered their price objective on Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. One investment analyst has rated the stock with a sell rating, eight have assigned a hold rating and nine have issued a buy rating to the company. Exelon Corp. currently has an average rating of “Hold” and an average target price of $36.33.
In other Exelon Corp. news, CEO Calvin Butler, Jr. sold 6,403 shares of the business’s stock in a transaction 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 sale, the chief executive officer now directly owns 18,109 shares in the company, valued at $633,815. The sale was disclosed in a filing with the SEC, which is accessible through this link. 0.80% of the stock is owned by company insiders.
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).
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