Cambridge Investment Research Advisors Inc. reduced its stake in shares of Exelon Corporation (NYSE:EXC) by 4.8% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 87,213 shares of the energy giant’s stock after selling 4,400 shares during the period. Cambridge Investment Research Advisors Inc.’s holdings in Exelon Corporation were worth $3,146,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Exelon Corporation by 14.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 383,244 shares of the energy giant’s stock valued at $13,824,000 after buying an additional 48,821 shares in the last quarter. Knights of Columbus Asset Advisors LLC boosted its stake in shares of Exelon Corporation by 2.2% in the second quarter. Knights of Columbus Asset Advisors LLC now owns 58,500 shares of the energy giant’s stock worth $2,110,000 after buying an additional 1,250 shares during the last quarter. Hudock Capital Group LLC boosted its stake in shares of Exelon Corporation by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock worth $115,000 after buying an additional 13 shares during the last quarter. Neuberger Berman Group LLC boosted its stake in shares of Exelon Corporation by 2.6% in the second quarter. Neuberger Berman Group LLC now owns 3,257,378 shares of the energy giant’s stock worth $117,494,000 after buying an additional 83,504 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its stake in shares of Exelon Corporation by 8.5% in the second quarter. Pacer Advisors Inc. now owns 19,757 shares of the energy giant’s stock worth $713,000 after buying an additional 1,540 shares during the last quarter. Hedge funds and other institutional investors own 76.78% of the company’s stock.

Shares of Exelon Corporation (NYSE:EXC) opened at 38.22 on Wednesday. Exelon Corporation has a 52-week low of $29.82 and a 52-week high of $38.78. The company has a market cap of $36.69 billion, a PE ratio of 20.21 and a beta of 0.27. The company’s 50-day moving average is $37.54 and its 200 day moving average is $36.21.

Exelon Corporation (NYSE:EXC) last released its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm had revenue of $7.62 billion during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter last year, the business posted $0.65 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. On average, analysts anticipate that Exelon Corporation will post $2.69 EPS for the current 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 given a dividend of $0.3275 per share. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s dividend payout ratio is currently 68.59%.

TRADEMARK VIOLATION NOTICE: “Cambridge Investment Research Advisors Inc. Lowers Position in Exelon Corporation (EXC)” was first reported by Watch List News and is the property of of Watch List News. If you are viewing this report on another website, it was illegally stolen and reposted in violation of U.S. and international copyright & trademark law. The legal version of this report can be accessed at https://www.watchlistnews.com/cambridge-investment-research-advisors-inc-lowers-position-in-exelon-corporation-exc/1531359.html.

A number of equities research analysts have recently issued reports on EXC shares. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $43.00 in a research report on Thursday, July 27th. Deutsche Bank AG reissued a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a research report on Monday, July 17th. 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. Finally, UBS AG raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their target price for the company from $36.00 to $37.50 in a research report on Monday, May 15th. Six equities research analysts have rated the stock with a hold rating, nine have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $39.92.

In related news, EVP Jonathan W. Thayer sold 215,669 shares of the stock in a transaction dated Friday, July 28th. The stock was sold at an average price of $38.00, for a total transaction of $8,195,422.00. Following the completion of the sale, the executive vice president now owns 237,181 shares in the company, valued at $9,012,878. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of the 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 sale, the insider now owns 57,243 shares of the company’s stock, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. Insiders have sold 927,844 shares of company stock valued at $34,570,885 in the last quarter. 0.70% of the stock is currently owned by company 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.

Want to see what other hedge funds are holding EXC? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Exelon Corporation (NYSE:EXC).

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

Receive News & Ratings for Exelon Corporation Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Exelon Corporation and related companies with Analyst Ratings Network's FREE daily email newsletter.