AHL Partners LLP Raises Holdings in Exelon Corporation (EXC)
AHL Partners LLP grew its position in Exelon Corporation (NYSE:EXC) by 93.7% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 294,455 shares of the energy giant’s stock after purchasing an additional 142,407 shares during the period. AHL Partners LLP’s holdings in Exelon Corporation were worth $10,621,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of EXC. Live Your Vision LLC lifted its holdings in shares of Exelon Corporation by 0.9% during the 1st 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. Sandy Spring Bank grew its stake in shares of Exelon Corporation by 10.1% in the 2nd quarter. Sandy Spring Bank now owns 2,963 shares of the energy giant’s stock valued at $107,000 after buying an additional 271 shares in the last quarter. V Wealth Management LLC bought a new stake in shares of Exelon Corporation in the 2nd quarter valued at approximately $111,000. Sterling Investment Advisors Ltd. grew its stake in shares of Exelon Corporation by 1.2% in the 2nd quarter. Sterling Investment Advisors Ltd. now owns 3,145 shares of the energy giant’s stock valued at $113,000 after buying an additional 37 shares in the last quarter. Finally, Hudock Capital Group LLC grew its stake in shares of Exelon Corporation by 0.4% in the 2nd quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after buying an additional 13 shares in the last quarter. 76.78% of the stock is currently owned by institutional investors.
Exelon Corporation (EXC) traded up 1.57% during trading on Monday, hitting $38.26. The stock had a trading volume of 2,017,332 shares. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78. The company has a market capitalization of $36.73 billion, a price-to-earnings ratio of 20.23 and a beta of 0.29. The stock has a 50 day moving average price of $37.97 and a 200 day moving average price of $36.45.
Exelon Corporation (NYSE:EXC) last posted its quarterly 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 firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company’s quarterly revenue was up 10.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.65 earnings per share. Equities research analysts forecast that Exelon Corporation will post $2.69 earnings per share for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Stockholders of record on Wednesday, November 15th will be given a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
In related news, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction dated Monday, September 11th. The shares were sold at an average price of $38.31, for a total value of $510,787.23. Following the completion of the sale, the executive vice president now directly owns 39,769 shares in the company, valued at approximately $1,523,550.39. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $1,155,000.00. Following the completion of the sale, 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 486,952 shares of company stock worth $18,509,309 over the last 90 days. 0.70% of the stock is owned by company insiders.
A number of research firms have issued reports on EXC. KeyCorp reiterated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a research note on Friday, September 1st. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, June 20th. Barclays PLC restated an “overweight” rating and set a $44.00 price target (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Morgan Stanley increased their price target on shares of Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a research note on Friday, September 8th. Finally, Wolfe Research upgraded shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has assigned a strong buy rating to the company. Exelon Corporation presently has an average rating of “Buy” and an average price target of $40.17.
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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