FIL Ltd raised its position in Exelon Corporation (NYSE:EXC) by 5.7% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 3,596,580 shares of the energy giant’s stock after purchasing an additional 193,850 shares during the quarter. FIL Ltd owned about 0.37% of Exelon Corporation worth $129,728,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also recently made changes to their positions in the business. TIAA FSB acquired a new stake in shares of Exelon Corporation in the second quarter valued at approximately $1,166,000. FMR LLC increased its stake in shares of Exelon Corporation by 11.5% in the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock valued at $1,942,258,000 after purchasing an additional 5,572,093 shares during the period. Vanguard Group Inc. increased its stake in shares of Exelon Corporation by 6.9% in the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock valued at $2,490,203,000 after purchasing an additional 4,453,759 shares during the period. Pinebridge Investments L.P. increased its stake in shares of Exelon Corporation by 77.2% in the second quarter. Pinebridge Investments L.P. now owns 17,795 shares of the energy giant’s stock valued at $642,000 after purchasing an additional 7,754 shares during the period. Finally, Menta Capital LLC acquired a new stake in shares of Exelon Corporation in the second quarter valued at approximately $693,000. Institutional investors own 76.78% of the company’s stock.
Several equities research analysts have commented on the stock. Barclays PLC restated an “overweight” rating and issued a $44.00 price target (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. KeyCorp restated a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Friday, September 1st. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price target for the company from $36.00 to $43.00 in a research note on Thursday, July 27th. BidaskClub lowered shares of Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Friday, June 30th. Finally, Credit Suisse Group restated a “buy” rating and issued a $42.00 price target on shares of Exelon Corporation in a research note on Tuesday, May 30th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock currently has an average rating of “Buy” and an average target price of $40.17.
In other Exelon Corporation news, EVP Jonathan W. Thayer sold 215,669 shares of the company’s stock in a transaction that occurred on Friday, July 28th. The shares were sold at an average price of $38.00, for a total value of $8,195,422.00. Following the completion of the sale, the executive vice president now owns 237,181 shares of the company’s stock, valued at $9,012,878. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Jonathan W. Thayer sold 202,950 shares of the company’s stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the completion of the sale, the chief financial officer now directly owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The disclosure for this sale can be found here. Insiders sold 461,952 shares of company stock valued at $17,573,309 in the last ninety days. Insiders own 0.70% of the company’s stock.
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Shares of Exelon Corporation (NYSE EXC) traded down 0.30% during mid-day trading on Friday, reaching $37.04. 525,376 shares of the company were exchanged. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78. The firm has a 50-day moving average price of $37.97 and a 200 day moving average price of $36.45. The stock has a market capitalization of $35.56 billion, a P/E ratio of 19.59 and a beta of 0.28.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. Exelon Corporation’s revenue for the quarter was up 10.3% compared to the same quarter last year. Equities research analysts anticipate that Exelon Corporation will post $2.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th were paid a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 3.53%. The ex-dividend date was Friday, August 11th. Exelon Corporation’s payout ratio is presently 68.59%.
Exelon Corporation Profile
Exelon Corporation is a utility services holding company. The Company, through its subsidiary, Exelon Generation Company, LLC (Generation), is engaged in the energy generation business. The Company, through its subsidiaries, Commonwealth Edison Company (ComEd), PECO Energy Company (PECO), Baltimore Gas and Electric Company (BGE), Pepco Holdings LLC (PHI), Potomac Electric Power Company (Pepco), Delmarva Power & Light Company (DPL) and Atlantic City Electric Company (ACE), is engaged in the energy delivery businesses.
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