BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lowered its position in shares of Exelon Corporation (NYSE:EXC) by 4.4% during the second quarter, Holdings Channel reports. The firm owned 534,028 shares of the energy giant’s stock after selling 24,440 shares during the period. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp’s holdings in Exelon Corporation were worth $19,262,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the stock. Cambridge Advisors Inc. raised its stake in shares of Exelon Corporation by 0.3% in the second quarter. Cambridge Advisors Inc. now owns 6,913 shares of the energy giant’s stock worth $249,000 after buying an additional 23 shares during the period. Live Your Vision LLC increased its position 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. Chesley Taft & Associates LLC increased its position in shares of Exelon Corporation by 0.6% in the second quarter. Chesley Taft & Associates LLC now owns 5,915 shares of the energy giant’s stock worth $213,000 after buying an additional 35 shares in the last quarter. Guardian Life Insurance Co. of America increased its position 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. Finally, Security National Trust Co. increased its position in shares of Exelon Corporation by 0.6% in the first quarter. Security National Trust Co. now owns 15,187 shares of the energy giant’s stock worth $547,000 after buying an additional 85 shares in the last quarter. 72.01% of the stock is owned by institutional investors and hedge funds.

Exelon Corporation (EXC) opened at 37.60 on Tuesday. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The company’s 50-day moving average price is $37.08 and its 200 day moving average price is $36.05. The stock has a market capitalization of $36.10 billion, a P/E ratio of 19.88 and a beta of 0.27.

Exelon Corporation (NYSE:EXC) last posted its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, beating the Zacks’ 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 company had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. During the same period last year, the firm earned $0.65 earnings per share. Exelon Corporation’s quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts expect that Exelon Corporation will post $2.69 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th will be paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date is Friday, August 11th. Exelon Corporation’s dividend payout ratio is presently 68.59%.

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A number of brokerages have recently issued reports on EXC. UBS AG upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the company from $36.00 to $37.50 in a report on Monday, May 15th. Barclays PLC reiterated an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a report on Wednesday, August 9th. 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 report on Thursday, July 27th. BidaskClub downgraded Exelon Corporation from a “buy” rating to a “hold” rating in a report on Friday, June 30th. Finally, Credit Suisse Group reiterated a “buy” rating and issued a $42.00 price target on shares of Exelon Corporation in a report on Tuesday, May 30th. Six equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $39.92.

In other Exelon Corporation news, EVP Paymon Aliabadi sold 13,333 shares of the firm’s stock in a transaction on Monday, June 19th. The stock was sold at an average price of $37.05, for a total value of $493,987.65. Following the sale, the executive vice president now directly owns 53,102 shares in the company, valued at $1,967,429.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Denis P. O’brien sold 30,000 shares of the firm’s stock in a transaction on Monday, July 31st. The shares were sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the sale, the insider now owns 57,243 shares in the company, valued at $2,203,855.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 927,844 shares of company stock worth $34,570,885. 0.70% of the stock is owned by 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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Institutional Ownership by Quarter for Exelon Corporation (NYSE:EXC)

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