Carnegie Capital Asset Management LLC Acquires New Holdings in Exelon Corporation (EXC)
Carnegie Capital Asset Management LLC acquired a new position in shares of Exelon Corporation (NYSE:EXC) in the second quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,719 shares of the energy giant’s stock, valued at approximately $220,000.
Several other large investors also recently bought and sold shares of the stock. Hudock Capital Group LLC raised its position in Exelon Corporation by 0.4% in the second quarter. Hudock Capital Group LLC now owns 3,206 shares of the energy giant’s stock valued at $115,000 after purchasing an additional 13 shares during the period. Cambridge Advisors Inc. raised its holdings in shares of Exelon Corporation by 0.3% in the 2nd quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock valued at $249,000 after buying an additional 23 shares during the period. Live Your Vision LLC raised its holdings in shares of Exelon Corporation by 0.9% in the 2nd quarter. Live Your Vision LLC now owns 2,977 shares of the energy giant’s stock valued at $115,000 after buying an additional 26 shares during the period. Chesley Taft & Associates LLC raised its holdings in shares of Exelon Corporation by 0.6% in the 2nd quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock valued at $213,000 after buying an additional 35 shares during the period. Finally, Sterling Investment Advisors Ltd. raised its holdings 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 during the period. 76.78% of the stock is owned by hedge funds and other institutional investors.
In other news, 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 owns 237,181 shares in the company, valued at $9,012,878. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Paymon Aliabadi sold 13,333 shares of the stock in a transaction dated Monday, September 11th. The stock was sold at an average price of $38.31, for a total transaction 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 disclosure for this sale can be found here. In the last ninety days, insiders have sold 486,952 shares of company stock valued at $18,509,309. Insiders own 0.70% of the company’s stock.
Shares of Exelon Corporation (EXC) opened at 37.67 on Monday. The stock has a 50 day moving average of $37.97 and a 200-day moving average of $36.45. The stock has a market capitalization of $36.17 billion, a PE ratio of 19.92 and a beta of 0.29. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78.
Exelon Corporation (NYSE:EXC) last issued its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period in the prior year, the company earned $0.65 earnings per share. The firm’s revenue was up 10.3% compared to the same quarter last year. Equities analysts predict that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, December 8th. Investors of record on Wednesday, November 15th will be given a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date of this dividend is Tuesday, November 14th. Exelon Corporation’s dividend payout ratio is presently 68.59%.
A number of equities analysts recently commented on EXC shares. KeyCorp restated a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a report 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 reissued an “overweight” rating and issued a $44.00 price objective (up previously from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. Morgan Stanley increased their target price on shares of Exelon Corporation from $37.00 to $40.00 and gave the stock an “equal weight” rating in a report on Friday, September 8th. Finally, Wolfe Research raised Exelon Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Six 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. The stock has a consensus rating of “Buy” and an average target price of $40.17.
Exelon Corporation 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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