Narwhal Capital Management reduced its position in shares of Exelon Corp. (NYSE:EXC) by 0.0% during the second quarter, Holdings Channel reports. The firm owned 103,820 shares of the energy giant’s stock after selling 35 shares during the period. Exelon Corp. accounts for approximately 1.2% of Narwhal Capital Management’s portfolio, making the stock its 23rd largest position. Narwhal Capital Management’s holdings in Exelon Corp. were worth $3,775,000 at the end of the most recent quarter.
Other large investors have also modified their holdings of the company. PGGM Investments boosted its stake in shares of Exelon Corp. by 5.9% in the second quarter. PGGM Investments now owns 1,432,745 shares of the energy giant’s stock worth $52,095,000 after buying an additional 79,790 shares during the period. Tufton Capital Management acquired a new stake in shares of Exelon Corp. during the second quarter worth approximately $206,000. Canandaigua National Bank & Trust Co. boosted its stake in shares of Exelon Corp. by 47.5% in the second quarter. Canandaigua National Bank & Trust Co. now owns 10,405 shares of the energy giant’s stock worth $378,000 after buying an additional 3,350 shares during the period. HL Financial Services LLC acquired a new stake in shares of Exelon Corp. during the second quarter worth approximately $204,000. Finally, NewSquare Capital LLC boosted its stake in shares of Exelon Corp. by 16.6% in the second quarter. NewSquare Capital LLC now owns 22,161 shares of the energy giant’s stock worth $806,000 after buying an additional 3,157 shares during the period. Institutional investors and hedge funds own 74.90% of the company’s stock.
Exelon Corp. (NYSE:EXC) traded up 1.06% on Thursday, hitting $35.22. 4,484,009 shares of the stock traded hands. Exelon Corp. has a 12-month low of $25.09 and a 12-month high of $37.70. The stock has a market cap of $32.50 billion, a price-to-earnings ratio of 23.57 and a beta of 0.24. The firm’s 50-day moving average price is $34.48 and its 200-day moving average price is $34.98.
Exelon Corp. (NYSE:EXC) last released its quarterly earnings data on Tuesday, August 9th. The energy giant reported $0.65 EPS for the quarter, topping the consensus estimate of $0.56 by $0.09. Exelon Corp. had a net margin of 4.58% and a return on equity of 8.52%. The business had revenue of $6.90 billion for the quarter, compared to analyst estimates of $7.30 billion. During the same period in the previous year, the firm earned $0.59 EPS. The business’s revenue for the quarter was up 6.1% compared to the same quarter last year. On average, equities research analysts anticipate that Exelon Corp. will post $2.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Friday, September 9th. Investors of record on Monday, August 15th were given a $0.318 dividend. The ex-dividend date of this dividend was Thursday, August 11th. This represents a $1.27 annualized dividend and a dividend yield of 3.61%. Exelon Corp.’s dividend payout ratio is presently 84.67%.
A number of equities research analysts have recently commented on the stock. Barclays PLC reduced their target price on shares of Exelon Corp. from $41.00 to $39.00 and set an “overweight” rating for the company in a research report on Wednesday, August 31st. JPMorgan Chase & Co. reduced their target price on shares of Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating for the company in a research report on Tuesday, August 16th. 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. Morgan Stanley set a $38.00 price objective on shares of Exelon Corp. and gave the stock a “hold” rating in a research report on Thursday, August 11th. Finally, Deutsche Bank AG raised their price objective on shares of Exelon Corp. from $39.00 to $40.00 and gave the stock a “buy” rating in a research report on Thursday, August 11th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and eleven have given a buy rating to the company. Exelon Corp. currently has a consensus rating of “Buy” and a consensus price target of $36.23.
In related news, CEO Kenneth W. Cornew sold 30,000 shares of the business’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $36.47, for a total value of $1,094,100.00. Following the sale, the chief executive officer now directly owns 32,844 shares in the company, valued at approximately $1,197,820.68. 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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