Pennsylvania Trust Co increased its position in shares of Exelon Corporation (NYSE:EXC) by 20.2% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,175 shares of the energy giant’s stock after buying an additional 4,225 shares during the period. Pennsylvania Trust Co’s holdings in Exelon Corporation were worth $908,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors also recently bought and sold shares of the stock. Nepsis Capital Management Inc. increased its stake in shares of Exelon Corporation by 11.5% in the second quarter. Nepsis Capital Management Inc. now owns 63,275 shares of the energy giant’s stock worth $2,282,000 after buying an additional 6,526 shares during the period. Banced Corp increased its stake in shares of Exelon Corporation by 11.4% in the second quarter. Banced Corp now owns 26,982 shares of the energy giant’s stock worth $974,000 after buying an additional 2,758 shares during the period. Fulton Bank N.A. acquired a new stake in shares of Exelon Corporation during the second quarter worth about $208,000. City Holding Co. increased its stake in shares of Exelon Corporation by 25.2% in the second quarter. City Holding Co. now owns 14,923 shares of the energy giant’s stock worth $538,000 after buying an additional 3,000 shares during the period. Finally, First American Bank increased its stake in shares of Exelon Corporation by 23.1% in the second quarter. First American Bank now owns 96,499 shares of the energy giant’s stock worth $3,480,000 after buying an additional 18,086 shares during the period. 74.81% of the stock is owned by institutional investors and hedge funds.
Exelon Corporation (NYSE:EXC) traded down 0.03% during midday trading on Tuesday, hitting $38.21. The stock had a trading volume of 3,391,420 shares. The stock has a market cap of $35.39 billion, a PE ratio of 20.03 and a beta of 0.27. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78. The company’s 50 day moving average price is $36.90 and its 200-day moving average price is $35.95.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.52 by $0.02. The business had revenue of $7.62 billion for the quarter, compared to analysts’ expectations 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 forecast that Exelon Corporation will post $2.69 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 3.43%. The ex-dividend date is Friday, August 11th. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
A number of analysts recently weighed in on EXC shares. Barclays PLC restated an “overweight” rating and issued a $43.00 target price (up previously from $40.00) on shares of Exelon Corporation in a research report on Sunday, April 23rd. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. ValuEngine downgraded Exelon Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Wolfe Research upgraded Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Finally, BMO Capital Markets reiterated a “hold” rating and issued a $37.00 price objective on shares of Exelon Corporation in a research report on Thursday, May 4th. Seven investment analysts have rated the stock with a hold rating and eleven have given a buy rating to the company. The company currently has a consensus rating of “Buy” and a consensus target price of $39.71.
In related news, Director John W. Rogers, Jr. purchased 3,000 shares of the stock in a transaction that occurred on Thursday, May 11th. The shares were purchased at an average price of $33.57 per share, with a total value of $100,710.00. Following the completion of the acquisition, the director now directly owns 14,374 shares in the company, valued at approximately $482,535.18. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Denis P. O’brien sold 30,000 shares of the firm’s 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 transaction, the insider now directly owns 57,243 shares in the company, valued at approximately $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 in the last three months. 0.70% of the stock is currently owned by corporate insiders.
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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