MML Investors Services LLC lifted its holdings in shares of Exelon Co. (NYSE:EXC) by 1.9% in the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 18,015 shares of the energy giant’s stock after buying an additional 340 shares during the period. MML Investors Services LLC’s holdings in Exelon were worth $864,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of the company. AQR Capital Management LLC increased its stake in shares of Exelon by 37.0% during the first quarter. AQR Capital Management LLC now owns 24,339,629 shares of the energy giant’s stock worth $1,216,738,000 after purchasing an additional 6,567,683 shares in the last quarter. First Trust Advisors LP increased its stake in Exelon by 101.0% during the second quarter. First Trust Advisors LP now owns 2,173,317 shares of the energy giant’s stock valued at $104,189,000 after purchasing an additional 1,092,170 shares during the last quarter. Northern Trust Corp increased its stake in Exelon by 7.3% during the first quarter. Northern Trust Corp now owns 12,984,265 shares of the energy giant’s stock valued at $650,901,000 after purchasing an additional 887,524 shares during the last quarter. Acadian Asset Management LLC increased its stake in Exelon by 591.5% during the first quarter. Acadian Asset Management LLC now owns 870,835 shares of the energy giant’s stock valued at $43,653,000 after purchasing an additional 744,900 shares during the last quarter. Finally, USS Investment Management Ltd increased its stake in Exelon by 247.6% during the first quarter. USS Investment Management Ltd now owns 878,381 shares of the energy giant’s stock valued at $44,020,000 after purchasing an additional 625,681 shares during the last quarter. 79.00% of the stock is owned by institutional investors.
In other Exelon news, CEO Calvin Butler, Jr. sold 31,000 shares of the company’s stock in a transaction dated Friday, June 28th. The stock was sold at an average price of $47.59, for a total value of $1,475,290.00. Following the completion of the transaction, the chief executive officer now owns 40,331 shares of the company’s stock, valued at approximately $1,919,352.29. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.27% of the company’s stock.
Exelon (NYSE:EXC) last issued its earnings results on Thursday, August 1st. The energy giant reported $0.60 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.63 by ($0.03). Exelon had a return on equity of 8.47% and a net margin of 6.43%. The company had revenue of $7.69 billion for the quarter, compared to the consensus estimate of $7.03 billion. During the same quarter last year, the business posted $0.71 EPS. Exelon’s quarterly revenue was down 4.8% on a year-over-year basis. On average, research analysts anticipate that Exelon Co. will post 3.14 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 10th. Stockholders of record on Thursday, August 15th were paid a dividend of $0.363 per share. The ex-dividend date of this dividend was Wednesday, August 14th. This represents a $1.45 annualized dividend and a dividend yield of 3.04%. Exelon’s dividend payout ratio is currently 46.47%.
EXC has been the subject of several analyst reports. Barclays raised shares of Exelon from an “equal weight” rating to an “overweight” rating and reduced their price target for the company from $54.00 to $52.00 in a report on Tuesday, August 13th. They noted that the move was a valuation call. ValuEngine downgraded shares of Exelon from a “buy” rating to a “hold” rating in a report on Tuesday, July 23rd. Morgan Stanley raised shares of Exelon from an “equal weight” rating to an “overweight” rating in a report on Friday, September 6th. Goldman Sachs Group raised shares of Exelon from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $48.00 to $52.00 in a report on Thursday, June 6th. Finally, SunTrust Banks set a $49.00 price objective on shares of Exelon and gave the stock a “hold” rating in a report on Tuesday, September 3rd. Six equities research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Exelon currently has a consensus rating of “Buy” and a consensus price target of $50.97.
Exelon Company Profile
Exelon Corporation, a utility services holding company, engages in energy generation and delivery businesses in the United States and Canada. It owns nuclear, fossil, wind, hydroelectric, and solar generating facilities. The company also sells electricity to wholesale and retail customers; and sells natural gas, renewable energy, and other energy-related products and services.
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