Numeric Investors LLC lessened its holdings in Exelon Corporation (NYSE:EXC) by 92.5% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 110,600 shares of the energy giant’s stock after selling 1,368,100 shares during the quarter. Numeric Investors LLC’s holdings in Exelon Corporation were worth $3,989,000 at the end of the most recent quarter.
A number of other institutional investors have also added to or reduced their stakes in EXC. Live Your Vision LLC boosted its holdings in Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock worth $106,000 after purchasing an additional 27 shares during the period. Sandy Spring Bank boosted its holdings in Exelon Corporation by 10.1% in the second quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock worth $107,000 after purchasing an additional 271 shares during the period. V Wealth Management LLC acquired a new position in Exelon Corporation in the second quarter worth $111,000. Sterling Investment Advisors Ltd. boosted its holdings in Exelon Corporation by 1.2% in the second quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock worth $113,000 after purchasing an additional 37 shares during the period. Finally, Hudock Capital Group LLC boosted its holdings in Exelon Corporation by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after purchasing an additional 13 shares during the period. 76.78% of the stock is owned by hedge funds and other institutional investors.
Shares of Exelon Corporation (NYSE:EXC) opened at 38.19 on Thursday. The company has a market capitalization of $36.67 billion, a PE ratio of 20.20 and a beta of 0.29. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The company’s 50 day moving average is $37.80 and its 200-day moving average is $36.57.
Exelon Corporation (NYSE:EXC) last announced its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, topping the consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.65 earnings per share. On average, analysts expect that Exelon Corporation will post $2.68 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s payout ratio is presently 68.59%.
In other news, CFO Jonathan W. Thayer sold 202,950 shares of the stock in a transaction on Thursday, July 27th. The stock was sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the sale, the chief financial officer now owns 237,181 shares in the company, valued at $9,012,878. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Jonathan W. Thayer sold 215,669 shares of the stock in a transaction on Friday, July 28th. The stock was sold at an average price of $38.00, for a total value of $8,195,422.00. Following the sale, the executive vice president now owns 237,181 shares in the company, valued at approximately $9,012,878. The disclosure for this sale can be found here. Insiders have sold 486,952 shares of company stock worth $18,509,309 in the last 90 days. Company insiders own 0.70% of the company’s stock.
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EXC has been the subject of several analyst reports. KeyCorp reissued a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a report on Friday, September 1st. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Barclays PLC reissued an “overweight” rating and set a $44.00 price target (up previously from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. ValuEngine raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Monday. Finally, Morgan Stanley boosted their price target on shares of Exelon Corporation from $37.00 to $40.00 and gave the company an “equal weight” rating in a report on Friday, September 8th. Four analysts have rated the stock with a hold rating, ten have given a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and an average price target of $40.18.
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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