Exelon Corporation (EXC) Chairman Sells $1,392,046.25 in Stock
Exelon Corporation (NYSE:EXC) Chairman Mayo A. Shattuck III sold 34,585 shares of the firm’s stock in a transaction that occurred on Monday, October 30th. The shares were sold at an average price of $40.25, for a total value of $1,392,046.25. Following the completion of the sale, the chairman now owns 402,234 shares in the company, valued at $16,189,918.50. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website.
Exelon Corporation (NYSE EXC) opened at $40.94 on Friday. The firm has a market capitalization of $39.09 billion, a PE ratio of 16.42, a price-to-earnings-growth ratio of 3.50 and a beta of 0.31. The company has a quick ratio of 0.76, a current ratio of 1.03 and a debt-to-equity ratio of 1.06.
Exelon Corporation (NYSE:EXC) last issued its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.01). The company had revenue of $8.77 billion during the quarter, compared to analyst estimates of $8.58 billion. Exelon Corporation had a return on equity of 8.19% and a net margin of 6.59%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.91 earnings per share. research analysts forecast that Exelon Corporation will post 2.68 EPS for the current year.
The firm also recently announced 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. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 annualized dividend and a dividend yield of 3.20%. Exelon Corporation’s dividend payout ratio (DPR) is presently 58.74%.
Several analysts recently commented on EXC shares. KeyCorp restated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a research report on Friday, September 1st. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Citigroup Inc upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $36.00 to $43.00 in a research report on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and set a $41.00 price target on shares of Exelon Corporation in a research report on Monday, July 17th. Finally, ValuEngine upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Monday, October 2nd. One analyst has rated the stock with a sell rating, four have assigned a hold rating, thirteen have assigned a buy rating and one has assigned a strong buy rating to the company. Exelon Corporation currently has an average rating of “Buy” and an average target price of $40.43.
Several institutional investors have recently modified their holdings of EXC. Dimensional Fund Advisors LP boosted its position in shares of Exelon Corporation by 7.5% in the first quarter. Dimensional Fund Advisors LP now owns 1,673,046 shares of the energy giant’s stock worth $60,191,000 after buying an additional 116,236 shares during the period. Schwab Charles Investment Management Inc. boosted its position in shares of Exelon Corporation by 17.5% in the first quarter. Schwab Charles Investment Management Inc. now owns 3,596,351 shares of the energy giant’s stock worth $129,397,000 after buying an additional 534,714 shares during the period. Bank of America Corp DE boosted its position in shares of Exelon Corporation by 1.5% in the first quarter. Bank of America Corp DE now owns 3,926,767 shares of the energy giant’s stock worth $141,285,000 after buying an additional 57,649 shares during the period. State Street Corp boosted its position in shares of Exelon Corporation by 1.9% in the first quarter. State Street Corp now owns 56,988,557 shares of the energy giant’s stock worth $2,050,464,000 after buying an additional 1,066,298 shares during the period. Finally, Gotham Asset Management LLC boosted its position in shares of Exelon Corporation by 7.2% in the first quarter. Gotham Asset Management LLC now owns 67,355 shares of the energy giant’s stock worth $2,423,000 after buying an additional 4,545 shares during the period. 77.28% of the stock is owned by institutional investors and hedge funds.
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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