Exelon Corporation (EXC) Hits New 52-Week High at $39.65
Exelon Corporation (NYSE:EXC)’s share price reached a new 52-week high during trading on Monday . The stock traded as high as $39.65 and last traded at $39.69, with a volume of 3,045,671 shares changing hands. The stock had previously closed at $39.24.
Several equities analysts recently commented on the company. J P Morgan Chase & Co upped their target price on Exelon Corporation from $40.00 to $42.00 and gave the company an “overweight” rating in a research note on Thursday, October 12th. Zacks Investment Research lowered Exelon Corporation from a “hold” rating to a “sell” rating in a research note on Tuesday, October 10th. Barclays PLC reiterated an “overweight” rating and issued a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a research note on Thursday, October 12th. Finally, 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. Two research analysts have rated the stock with a sell rating, three have issued a hold rating, twelve have assigned a buy rating and one has given a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $40.23.
The stock has a market capitalization of $38.02 billion, a P/E ratio of 20.94 and a beta of 0.29. The company has a 50 day moving average of $37.87 and a 200 day moving average of $36.70.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. The firm had revenue of $7.62 billion during 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 business’s revenue for the quarter was up 10.3% on a year-over-year basis. During the same quarter last year, the firm earned $0.65 earnings per share. Equities research analysts anticipate that Exelon Corporation will post $2.68 EPS for the current fiscal year.
The company 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. The ex-dividend date of this dividend is Tuesday, November 14th. This represents a $1.31 dividend on an annualized basis and a yield of 3.31%. Exelon Corporation’s payout ratio is 68.59%.
In other Exelon Corporation news, EVP Jonathan W. Thayer sold 215,669 shares of the firm’s 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 transaction, the executive vice president now directly owns 237,181 shares in the company, valued at $9,012,878. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Kenneth W. Cornew sold 25,000 shares of the firm’s stock in a transaction dated Monday, September 25th. The shares were sold at an average price of $37.44, for a total value of $936,000.00. Following the transaction, the executive vice president now owns 28,363 shares in the company, valued at $1,061,910.72. The disclosure for this sale can be found here. In the last three months, insiders have sold 486,952 shares of company stock valued at $18,509,309. Insiders own 0.70% of the company’s stock.
A number of hedge funds and other institutional investors have recently bought and sold shares of EXC. BlackRock Inc. raised its holdings in Exelon Corporation by 3,711.9% during the first quarter. BlackRock Inc. now owns 74,283,986 shares of the energy giant’s stock valued at $2,672,738,000 after buying an additional 72,335,239 shares in the last quarter. FMR LLC raised its holdings in Exelon Corporation by 11.5% during the second quarter. FMR LLC now owns 53,846,913 shares of the energy giant’s stock valued at $1,942,258,000 after buying an additional 5,572,093 shares in the last quarter. Vanguard Group Inc. raised its holdings in Exelon Corporation by 6.9% during the second quarter. Vanguard Group Inc. now owns 69,038,056 shares of the energy giant’s stock valued at $2,490,203,000 after buying an additional 4,453,759 shares in the last quarter. Franklin Resources Inc. raised its holdings in Exelon Corporation by 60.2% during the second quarter. Franklin Resources Inc. now owns 10,920,256 shares of the energy giant’s stock valued at $393,894,000 after buying an additional 4,102,441 shares in the last quarter. Finally, CI Global Investments Inc. bought a new position in Exelon Corporation during the second quarter valued at about $136,723,000. Institutional investors own 76.78% of the company’s stock.
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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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