Hennessy Advisors Inc. decreased its position in Exelon Corporation (NYSE:EXC) by 0.5% in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 397,631 shares of the energy giant’s stock after selling 2,000 shares during the quarter. Hennessy Advisors Inc.’s holdings in Exelon Corporation were worth $14,343,000 at the end of the most recent quarter.
Several other large investors also recently modified their holdings of the company. Wells Fargo & Company MN increased its holdings in shares of Exelon Corporation by 16.1% during the second quarter. Wells Fargo & Company MN now owns 9,121,754 shares of the energy giant’s stock valued at $329,022,000 after acquiring an additional 1,266,986 shares in the last quarter. Franklin Resources Inc. increased its holdings in shares of Exelon Corporation by 60.2% during the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock valued at $393,894,000 after acquiring an additional 4,102,441 shares in the last quarter. Eaton Vance Management increased its holdings in shares of Exelon Corporation by 1.5% during the second quarter. Eaton Vance Management now owns 38,692 shares of the energy giant’s stock valued at $1,396,000 after acquiring an additional 558 shares in the last quarter. Commonwealth Bank of Australia increased its holdings in shares of Exelon Corporation by 0.4% during the second quarter. Commonwealth Bank of Australia now owns 160,064 shares of the energy giant’s stock valued at $5,772,000 after acquiring an additional 709 shares in the last quarter. Finally, Private Advisor Group LLC increased its holdings in shares of Exelon Corporation by 9.9% during the second quarter. Private Advisor Group LLC now owns 70,464 shares of the energy giant’s stock valued at $2,520,000 after acquiring an additional 6,330 shares in the last quarter. Hedge funds and other institutional investors own 76.79% of the company’s stock.
Shares of Exelon Corporation (NYSE EXC) traded down 0.10% during mid-day trading on Friday, hitting $38.06. The stock had a trading volume of 2,248,490 shares. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78. The firm has a market cap of $36.54 billion, a PE ratio of 20.13 and a beta of 0.28. The firm has a 50 day moving average price of $38.04 and a 200 day moving average price of $36.43.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The business had revenue of $7.62 billion for 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 quarterly revenue was up 10.3% on a year-over-year basis. During the same quarter in the previous year, the company earned $0.65 EPS. Equities analysts predict that Exelon Corporation will post $2.68 EPS for the current year.
The business also recently announced a quarterly dividend, which was paid on Friday, September 8th. Investors of record on Tuesday, August 15th were paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 3.44%. The ex-dividend date was Friday, August 11th. Exelon Corporation’s payout ratio is currently 68.59%.
Several equities research analysts recently commented on the company. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Credit Suisse Group reissued a “buy” rating and issued a $42.00 target price on shares of Exelon Corporation in a research report on Tuesday, May 30th. Barclays PLC reissued an “overweight” rating and set a $44.00 target price (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. ValuEngine downgraded Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Finally, 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. Six investment analysts have rated the stock with a hold rating, nine have issued a buy rating and one has issued a strong buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $40.17.
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In other news, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $37.05, for a total transaction of $493,987.65. Following the completion of the sale, the executive vice president now directly owns 53,102 shares in the company, valued at approximately $1,967,429.10. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, EVP Jonathan W. Thayer sold 215,669 shares of the company’s stock in a transaction dated Friday, July 28th. The shares were sold at an average price of $38.00, for a total transaction of $8,195,422.00. Following the completion of the transaction, the executive vice president now directly owns 237,181 shares of the company’s stock, valued at $9,012,878. The disclosure for this sale can be found here. In the last three months, insiders have sold 475,285 shares of company stock worth $18,067,297. 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.
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