Macquarie Group Ltd. grew its holdings in Exelon Corporation (NYSE:EXC) by 9.0% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 34,000 shares of the energy giant’s stock after acquiring an additional 2,800 shares during the quarter. Macquarie Group Ltd.’s holdings in Exelon Corporation were worth $1,226,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. Prudential PLC increased its holdings in shares of Exelon Corporation by 44.3% in the 2nd quarter. Prudential PLC now owns 421,527 shares of the energy giant’s stock valued at $15,204,000 after acquiring an additional 129,368 shares during the last quarter. Optimum Investment Advisors increased its holdings in shares of Exelon Corporation by 0.4% in the 2nd quarter. Optimum Investment Advisors now owns 12,708 shares of the energy giant’s stock valued at $458,000 after acquiring an additional 51 shares during the last quarter. AHL Partners LLP increased its holdings in shares of Exelon Corporation by 93.7% in the 2nd quarter. AHL Partners LLP now owns 294,455 shares of the energy giant’s stock valued at $10,621,000 after acquiring an additional 142,407 shares during the last quarter. Sun Life Financial INC increased its holdings in shares of Exelon Corporation by 37,333.3% in the 2nd quarter. Sun Life Financial INC now owns 6,738 shares of the energy giant’s stock valued at $243,000 after acquiring an additional 6,720 shares during the last quarter. Finally, People s United Financial Inc. increased its holdings in shares of Exelon Corporation by 10.7% in the 2nd quarter. People s United Financial Inc. now owns 39,791 shares of the energy giant’s stock valued at $1,435,000 after acquiring an additional 3,852 shares during the last quarter. Institutional investors and hedge funds own 77.44% of the company’s stock.
EXC has been the topic of a number of recent analyst reports. KeyCorp reiterated a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a report on Friday, September 1st. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and upped their target price for the company from $36.00 to $43.00 in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a research report on Monday, July 17th. Finally, ValuEngine raised Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, thirteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and a consensus target price of $40.64.
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Exelon Corporation (NYSE:EXC) traded up $0.16 on Friday, hitting $41.30. The stock had a trading volume of 3,881,500 shares, compared to its average volume of 4,862,680. The company has a quick ratio of 0.89, a current ratio of 1.03 and a debt-to-equity ratio of 1.06. The firm has a market cap of $39,498.02, a PE ratio of 16.59, a P/E/G ratio of 3.56 and a beta of 0.31. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $41.56.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Thursday, November 2nd. The energy giant reported $0.85 EPS for the quarter, missing the consensus estimate of $0.86 by ($0.01). The business had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The firm’s quarterly revenue was down 2.6% compared to the same quarter last year. During the same period in the prior year, the business earned $0.91 earnings per share. sell-side analysts expect that Exelon Corporation will post 2.66 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be issued a $0.3275 dividend. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.17%. Exelon Corporation’s dividend payout ratio is currently 58.74%.
In related news, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction that occurred on Monday, September 25th. The stock was sold at an average price of $37.44, for a total value of $936,000.00. Following the completion of the transaction, the executive vice president now directly owns 28,363 shares of the company’s stock, valued at approximately $1,061,910.72. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction that occurred 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 transaction, the executive vice president now directly owns 39,769 shares of the company’s stock, valued at $1,523,550.39. The disclosure for this sale can be found here. Insiders sold a total of 1,312,787 shares of company stock valued at $52,683,909 over the last three months. Insiders own 0.70% of the company’s stock.
Exelon Corporation Company 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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