Whittier Trust Co. maintained its stake in Exelon Corporation (NYSE:EXC) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,175 shares of the energy giant’s stock at the end of the second quarter. Whittier Trust Co.’s holdings in Exelon Corporation were worth $259,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in EXC. BlackRock Inc. boosted its stake in Exelon Corporation by 3,711.9% in the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock valued at $2,672,738,000 after buying an additional 72,335,239 shares in the last quarter. Vanguard Group Inc. boosted its stake in Exelon Corporation by 4.4% in the first quarter. Vanguard Group Inc. now owns 64,584,297 shares of the energy giant’s stock valued at $2,323,743,000 after buying an additional 2,744,360 shares in the last quarter. State Street Corp boosted its stake in Exelon Corporation by 1.9% in the first quarter. State Street Corp now owns 56,988,557 shares of the energy giant’s stock valued at $2,050,464,000 after buying an additional 1,066,298 shares in the last quarter. FMR LLC boosted its stake in 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 buying an additional 2,041,157 shares in the last quarter. Finally, Wellington Management Group LLP boosted its stake in Exelon Corporation by 0.8% in the first quarter. Wellington Management Group LLP now owns 23,861,309 shares of the energy giant’s stock valued at $858,530,000 after buying an additional 180,098 shares in the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.
Shares of Exelon Corporation (NYSE:EXC) traded up 0.23% on Friday, hitting $37.50. The company had a trading volume of 3,652,964 shares. The firm’s 50 day moving average price is $37.05 and its 200-day moving average price is $36.03. The stock has a market capitalization of $36.00 billion, a PE ratio of 19.83 and a beta of 0.27. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78.
Exelon Corporation (NYSE:EXC) last issued its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the previous year, the firm posted $0.65 earnings per share. The business’s revenue was up 10.3% compared to the same quarter last year. Analysts forecast that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be issued a $0.3275 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.49%. Exelon Corporation’s dividend payout ratio (DPR) is 68.59%.
A number of brokerages have commented on EXC. BMO Capital Markets reissued a “hold” rating and issued a $37.00 price objective on shares of Exelon Corporation in a research note on Thursday, May 4th. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and raised their price objective for the company from $36.00 to $37.50 in a research note on Monday, May 15th. Credit Suisse Group reissued a “buy” rating and issued a $42.00 price objective on shares of Exelon Corporation in a research note on Tuesday, May 30th. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Finally, Barclays PLC reissued an “overweight” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday. Six analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the stock. Exelon Corporation currently has a consensus rating of “Buy” and an average target price of $39.92.
In other news, Chairman Mayo A. Shattuck III sold 465,892 shares of Exelon Corporation stock in a transaction dated 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 of the company’s stock, valued at $20,730,541.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of Exelon Corporation stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the sale, the insider now directly owns 57,243 shares in the company, valued at $2,203,855.50. The disclosure for this sale can be found here. Insiders sold 927,844 shares of company stock worth $34,570,885 over the last ninety days. 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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