TLP Group LLC Takes Position in Exelon Corporation (EXC)

TLP Group LLC acquired a new position in shares of Exelon Corporation (NYSE:EXC) during the first quarter, according to its most recent filing with the SEC. The firm acquired 19,600 shares of the energy giant’s stock, valued at approximately $705,000. Exelon Corporation makes up about 0.5% of TLP Group LLC’s investment portfolio, making the stock its 18th largest position.

Several other hedge funds and other institutional investors have also made changes to their positions in the stock. Rafferty Asset Management LLC bought a new stake in shares of Exelon Corporation during the fourth quarter valued at $2,604,000. Asset Management One Co. Ltd. increased its stake in shares of Exelon Corporation by 1,739.3% in the fourth quarter. Asset Management One Co. Ltd. now owns 1,627,186 shares of the energy giant’s stock valued at $57,776,000 after buying an additional 1,538,719 shares in the last quarter. Aviva PLC increased its stake in shares of Exelon Corporation by 8.0% in the fourth quarter. Aviva PLC now owns 632,333 shares of the energy giant’s stock valued at $22,448,000 after buying an additional 46,602 shares in the last quarter. Elkfork Partners LLC bought a new stake in shares of Exelon Corporation during the fourth quarter valued at $2,511,000. Finally, Trexquant Investment LP increased its stake in shares of Exelon Corporation by 56.9% in the fourth quarter. Trexquant Investment LP now owns 52,500 shares of the energy giant’s stock valued at $1,863,000 after buying an additional 19,037 shares in the last quarter. Hedge funds and other institutional investors own 75.93% of the company’s stock.

Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

Exelon Corporation (EXC) traded up 0.312% during trading on Tuesday, hitting $36.955. 596,056 shares of the stock were exchanged. The stock’s 50 day moving average is $35.49 and its 200-day moving average is $35.52. Exelon Corporation has a one year low of $29.82 and a one year high of $37.70. The company has a market cap of $34.22 billion, a price-to-earnings ratio of 17.589 and a beta of 0.26.

Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The company had revenue of $8.76 billion for the quarter, compared to analysts’ expectations of $8.69 billion. Exelon Corporation had a return on equity of 9.00% and a net margin of 6.10%. The firm’s quarterly revenue was up 15.6% compared to the same quarter last year. During the same period last year, the business posted $0.68 earnings per share. On average, equities research analysts expect that Exelon Corporation will post $2.67 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Friday, June 9th. Shareholders of record on Monday, May 15th were paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 3.56%. The ex-dividend date was Thursday, May 11th. Exelon Corporation’s payout ratio is 62.09%.

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Several analysts recently commented on the stock. ValuEngine downgraded shares of Exelon Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Credit Suisse Group reiterated a “buy” rating and issued a $42.00 price target on shares of Exelon Corporation in a research report on Tuesday, May 30th. BMO Capital Markets reiterated a “hold” rating and issued a $37.00 price target on shares of Exelon Corporation in a research report on Thursday, May 4th. Barclays PLC reiterated an “overweight” rating and issued a $43.00 price target (up previously from $40.00) on shares of Exelon Corporation in a research report on Sunday, April 23rd. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $39.50 price target on shares of Exelon Corporation in a research report on Thursday, April 20th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $38.96.

In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 465,892 shares of the firm’s stock in a transaction on Monday, June 12th. The stock was sold at an average price of $36.52, for a total value of $17,014,375.84. Following the sale, the chairman now directly owns 567,649 shares in the company, valued at $20,730,541.48. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John W. Rogers, Jr. bought 3,000 shares of the business’s stock in a transaction on Thursday, May 11th. The stock was bought at an average price of $33.57 per share, for a total transaction of $100,710.00. Following the completion of the purchase, the director now directly owns 14,374 shares of the company’s stock, valued at approximately $482,535.18. The disclosure for this purchase can be found here. Company insiders own 0.70% of the company’s stock.

About Exelon Corporation

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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