Burke & Herbert Bank & Trust Co. Maintains Position in Exelon Corporation (NYSE:EXC)

Burke & Herbert Bank & Trust Co. maintained its position in Exelon Corporation (NYSE:EXC) during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,671 shares of the energy giant’s stock at the end of the second quarter. Burke & Herbert Bank & Trust Co.’s holdings in Exelon Corporation were worth $205,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently added to or reduced their stakes in EXC. Live Your Vision LLC boosted its position 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 valued at $106,000 after buying an additional 27 shares during the last quarter. Assetmark Inc. boosted its position in Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock valued at $107,000 after buying an additional 2,610 shares during the last quarter. Hudock Capital Group LLC boosted its position in Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock valued at $114,000 after buying an additional 240 shares during the last quarter. Jacobi Capital Management LLC boosted its position in Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock valued at $122,000 after buying an additional 372 shares during the last quarter. Finally, Guardian Life Insurance Co. of America boosted its position in Exelon Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 3,579 shares of the energy giant’s stock valued at $129,000 after buying an additional 42 shares during the last quarter. 74.81% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Exelon Corporation (EXC) traded down 0.03% on Tuesday, hitting $38.21. 3,391,420 shares of the company’s stock traded hands. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78. The firm’s 50-day moving average price is $36.90 and its 200 day moving average price is $35.95. The company has a market cap of $35.39 billion, a price-to-earnings ratio of 20.03 and a beta of 0.27.

Exelon Corporation (NYSE:EXC) last posted 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. The company had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The company’s revenue for the quarter was up 10.3% compared to the same quarter last year. During the same period in the previous year, the company earned $0.65 EPS. On average, equities research analysts expect that Exelon Corporation will post $2.69 earnings per share for the current year.

The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be given a dividend of $0.3275 per share. The ex-dividend date is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. Exelon Corporation’s payout ratio is currently 68.59%.

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EXC has been the topic of several research analyst reports. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $43.00 in a research note on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research note on Monday, July 17th. Credit Suisse Group reissued a “buy” rating and set a $42.00 target price on shares of Exelon Corporation in a research note on Tuesday, May 30th. Finally, UBS AG upgraded shares of 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 report on Monday, May 15th. Seven investment analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $39.71.

In other Exelon Corporation news, Director John W. Rogers, Jr. acquired 3,000 shares of the firm’s stock in a transaction that occurred on Thursday, May 11th. The stock was acquired at an average cost of $33.57 per share, for a total transaction of $100,710.00. Following the transaction, the director now owns 14,374 shares of the company’s stock, valued at $482,535.18. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of the business’s stock in a transaction that occurred on Monday, July 31st. The shares were sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the transaction, the insider now owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The disclosure for this sale can be found here. Insiders have sold a total of 927,844 shares of company stock valued at $34,570,885 over the last 90 days. Corporate 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.

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

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