Cliftonlarsonallen Wealth Advisors LLC held its stake in shares of Exelon Corporation (NYSE:EXC) during the second quarter, according to its most recent disclosure with the SEC. The fund owned 48,602 shares of the energy giant’s stock at the end of the second quarter. Cliftonlarsonallen Wealth Advisors LLC’s holdings in Exelon Corporation were worth $1,753,000 as of its most recent SEC filing.
Several other large investors have also recently modified their holdings of the stock. Live Your Vision LLC boosted 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 worth $106,000 after buying an additional 27 shares during the last quarter. Assetmark Inc. boosted its stake in shares of Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock worth $107,000 after buying an additional 2,610 shares during the last quarter. V Wealth Management LLC purchased a new stake in shares of Exelon Corporation during the second quarter worth $111,000. Hudock Capital Group LLC boosted its stake in shares of Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock worth $114,000 after buying an additional 240 shares during the last quarter. Finally, Jacobi Capital Management LLC boosted its stake in shares of Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock worth $122,000 after buying an additional 372 shares during the last quarter. 74.81% of the stock is owned by institutional investors and hedge funds.
Exelon Corporation (NYSE EXC) opened at 38.22 on Tuesday. The firm has a market capitalization of $35.40 billion, a PE ratio of 20.03 and a beta of 0.27. The stock’s 50 day moving average price is $36.76 and its 200 day moving average price is $35.90. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. The business had revenue of $7.62 billion during the quarter, compared to the consensus estimate 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 last year, the firm earned $0.65 earnings per share. Analysts expect that Exelon Corporation will post $2.69 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th will be issued a $0.3275 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 dividend on an annualized basis and a yield of 3.43%. Exelon Corporation’s dividend payout ratio is currently 68.59%.
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A number of brokerages have recently weighed in on EXC. Deutsche Bank AG reaffirmed a “buy” rating and issued a $41.00 price objective on shares of Exelon Corporation in a research note on Monday, July 17th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.50 price objective on shares of Exelon Corporation in a research note on Thursday, April 20th. BidaskClub raised Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. Finally, Barclays PLC reissued an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a research note on Thursday, August 3rd. Seven research analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. Exelon Corporation currently has a consensus rating of “Buy” and an average target price of $39.71.
In other Exelon Corporation news, insider Denis P. O’brien sold 30,000 shares of the firm’s stock in a transaction dated 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 transaction, the insider now owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 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 acquired at an average cost of $33.57 per share, for a total transaction of $100,710.00. Following the acquisition, the director now directly owns 14,374 shares of the company’s stock, valued at $482,535.18. The disclosure for this purchase can be found here. Insiders sold 927,844 shares of company stock worth $34,570,885 in the last three months. 0.70% of the stock is currently owned by corporate insiders.
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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