Achmea Investment Management B.V. lowered its position in Exelon Corporation (NYSE:EXC) by 36.1% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 125,419 shares of the energy giant’s stock after selling 70,867 shares during the quarter. Achmea Investment Management B.V.’s holdings in Exelon Corporation were worth $4,522,000 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 EXC. FMR LLC increased its stake in shares of Exelon Corporation by 4.4% in the first quarter. FMR LLC now owns 48,274,820 shares of the energy giant’s stock valued at $1,736,928,000 after purchasing an additional 2,041,157 shares during the period. FIL Ltd increased its stake in shares of Exelon Corporation by 12.7% in the first quarter. FIL Ltd now owns 3,402,730 shares of the energy giant’s stock valued at $122,430,000 after purchasing an additional 382,910 shares during the period. Advantus Capital Management Inc increased its stake in shares of Exelon Corporation by 9.8% in the first quarter. Advantus Capital Management Inc now owns 199,229 shares of the energy giant’s stock valued at $7,168,000 after purchasing an additional 17,793 shares during the period. Live Your Vision LLC increased its stake in shares of Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock valued at $106,000 after purchasing an additional 27 shares during the period. Finally, Teachers Advisors LLC increased its stake in shares of Exelon Corporation by 3.6% in the first quarter. Teachers Advisors LLC now owns 1,793,218 shares of the energy giant’s stock valued at $64,520,000 after purchasing an additional 61,508 shares during the period. Institutional investors own 77.16% of the company’s stock.
Exelon Corporation (NYSE EXC) traded up 0.93% during midday trading on Friday, reaching $40.25. 2,783,561 shares of the company’s stock were exchanged. The firm’s 50-day moving average is $38.28 and its 200 day moving average is $36.92. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $40.33. The stock has a market cap of $38.64 billion, a P/E ratio of 21.29 and a beta of 0.29.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings data 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 during the quarter, compared to the consensus estimate of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company’s quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter last year, the firm posted $0.65 EPS. Equities analysts anticipate that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.25%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio (DPR) is 68.59%.
Several equities research analysts have commented on the stock. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a report on Thursday, October 12th. Barclays PLC reiterated an “overweight” rating and issued a $44.00 price objective (up from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. J P Morgan Chase & Co increased their price objective on shares of Exelon Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Finally, ValuEngine upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Monday, October 2nd. One research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $40.43.
In related news, EVP Paymon Aliabadi sold 13,333 shares of Exelon Corporation stock in a transaction on Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the sale, the executive vice president now owns 39,769 shares of the company’s stock, valued at approximately $1,523,550.39. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of Exelon Corporation stock in a transaction on Monday, July 31st. The shares were sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the completion of the sale, the insider now directly owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,014,740 shares of company stock valued at $40,545,082. Insiders own 0.70% of the company’s stock.
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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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