Exelon Corporation (EXC) Shares Bought by Eqis Capital Management Inc.
Eqis Capital Management Inc. raised its stake in shares of Exelon Corporation (NYSE:EXC) by 6.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 32,551 shares of the energy giant’s stock after buying an additional 2,089 shares during the period. Eqis Capital Management Inc.’s holdings in Exelon Corporation were worth $1,174,000 at the end of the most recent quarter.
Several other large investors have also made changes to their positions in the stock. Live Your Vision LLC increased its position in Exelon Corporation by 0.9% in the first 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. Assetmark Inc. increased its position in Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock valued at $107,000 after buying an additional 2,610 shares during the last quarter. Hudock Capital Group LLC increased its position in Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock valued at $114,000 after buying an additional 240 shares during the last quarter. Jacobi Capital Management LLC increased its position in Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock valued at $122,000 after buying an additional 372 shares during the last quarter. Finally, Guardian Life Insurance Co. of America increased its position in Exelon Corporation by 1.2% in the first quarter. Guardian Life Insurance Co. of America now owns 3,579 shares of the energy giant’s stock valued at $129,000 after buying an additional 42 shares during the last quarter. 74.91% of the stock is owned by hedge funds and other institutional investors.
Exelon Corporation (NYSE EXC) opened at 36.06 on Monday. The company has a market cap of $33.40 billion, a P/E ratio of 17.16 and a beta of 0.26. The firm has a 50-day moving average price of $36.06 and a 200 day moving average price of $35.67. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $37.70.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share for the quarter, topping analysts’ consensus estimates of $0.62 by $0.03. Exelon Corporation had a return on equity of 9.00% and a net margin of 6.10%. The firm had revenue of $8.76 billion during the quarter, compared to analyst estimates of $8.69 billion. During the same quarter in the prior year, the company posted $0.68 earnings per share. The business’s quarterly revenue was up 15.6% compared to the same quarter last year. Analysts expect that Exelon Corporation will post $2.67 EPS for the current fiscal year.
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Several research firms have recently weighed in on EXC. Morgan Stanley downgraded Exelon Corporation from an “overweight” rating to an “equal weight” rating and cut their price target for the stock from $40.00 to $37.00 in a research note on Tuesday, March 28th. They noted that the move was a valuation call. Jefferies Group LLC reiterated a “buy” rating and set a $39.50 price target on shares of Exelon Corporation in a research note on Thursday, April 20th. Citigroup Inc. increased their price target on Exelon Corporation from $31.00 to $35.00 and gave the stock a “neutral” rating in a research note on Monday, April 3rd. Barclays PLC reiterated an “overweight” rating and set a $43.00 price target (up previously from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. Finally, ValuEngine downgraded Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Nine equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. The stock has a consensus rating of “Hold” and an average price target of $38.86.
In related news, Director John W. Rogers, Jr. acquired 3,000 shares of the firm’s stock in a transaction on Thursday, May 11th. The shares were acquired at an average cost of $33.57 per share, for a total transaction of $100,710.00. Following the completion of the transaction, the director now directly owns 14,374 shares in the company, valued at approximately $482,535.18. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The shares were sold at an average price of $37.05, for a total value of $493,987.65. Following the sale, the executive vice president now owns 53,102 shares in the company, valued at $1,967,429.10. The disclosure for this sale can be found here. 0.70% of the stock is currently owned by corporate insiders.
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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