Exelon Corporation (EXC) Shares Sold by American Century Companies Inc.
American Century Companies Inc. lowered its position in Exelon Corporation (NYSE:EXC) by 3.7% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 735,174 shares of the energy giant’s stock after selling 28,090 shares during the period. American Century Companies Inc. owned approximately 0.08% of Exelon Corporation worth $26,518,000 at the end of the most recent quarter.
A number of other large investors also recently modified their holdings of the company. Live Your Vision LLC raised its stake in shares of Exelon Corporation by 0.9% in the first quarter. Live Your Vision LLC now owns 2,951 shares of the energy giant’s stock worth $106,000 after buying an additional 27 shares in the last quarter. Assetmark Inc. raised its stake in shares of Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock worth $107,000 after buying an additional 2,610 shares in the last quarter. V Wealth Management LLC bought a new stake in shares of Exelon Corporation during the second quarter worth approximately $111,000. Jacobi Capital Management LLC raised its stake in shares of Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock worth $122,000 after buying an additional 372 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its stake in shares of 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 worth $129,000 after buying an additional 42 shares in the last quarter. 76.78% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Exelon Corporation (EXC) opened at 37.87 on Friday. The company has a 50 day moving average of $37.79 and a 200-day moving average of $36.29. The firm has a market capitalization of $36.36 billion, a P/E ratio of 20.03 and a beta of 0.27. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $38.78.
Exelon Corporation (NYSE:EXC) last announced its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 EPS for the quarter, beating the Thomson Reuters’ 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 business 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 business posted $0.65 earnings per share. The firm’s revenue was up 10.3% on a year-over-year basis. Analysts predict that Exelon Corporation will post $2.69 EPS for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be issued a $0.3275 dividend. This represents a $1.31 annualized dividend and a yield of 3.46%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s payout ratio is presently 68.59%.
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A number of equities research analysts have commented on the stock. Deutsche Bank AG reissued a “buy” rating and set a $41.00 price objective on shares of Exelon Corporation in a report on Monday, July 17th. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $36.00 to $43.00 in a report on Thursday, July 27th. Barclays PLC reissued an “overweight” rating and set a $44.00 price objective (up previously from $43.00) on shares of Exelon Corporation in a report on Thursday, August 3rd. Finally, Wolfe Research raised shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a report on Monday, July 17th. Six analysts have rated the stock with a hold rating, nine have given a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $39.92.
In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 465,892 shares of the business’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $36.52, for a total value of $17,014,375.84. Following the transaction, the chairman now directly owns 567,649 shares of the company’s stock, valued at $20,730,541.48. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Paymon Aliabadi sold 13,333 shares of the business’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 completion of the transaction, the executive vice president now directly owns 53,102 shares in the company, valued at $1,967,429.10. The disclosure for this sale can be found here. Insiders sold 927,844 shares of company stock worth $34,570,885 over the last quarter. 0.70% of the stock is currently owned by company 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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