Exelon Corporation (EXC) Shares Sold by Dupont Capital Management Corp
Dupont Capital Management Corp decreased its stake in Exelon Corporation (NYSE:EXC) by 4.9% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 338,365 shares of the energy giant’s stock after selling 17,575 shares during the period. Dupont Capital Management Corp’s holdings in Exelon Corporation were worth $12,746,000 at the end of the most recent reporting period.
Several other institutional investors also recently made changes to their positions in the company. Andra AP fonden grew its stake in shares of Exelon Corporation by 7.8% in the third quarter. Andra AP fonden now owns 160,000 shares of the energy giant’s stock worth $6,027,000 after acquiring an additional 11,600 shares during the last quarter. Middleton & Co Inc MA grew its stake in shares of Exelon Corporation by 1.9% in the third quarter. Middleton & Co Inc MA now owns 80,880 shares of the energy giant’s stock worth $3,047,000 after acquiring an additional 1,535 shares during the last quarter. Canada Pension Plan Investment Board grew its stake in shares of Exelon Corporation by 41.4% in the third quarter. Canada Pension Plan Investment Board now owns 4,419,663 shares of the energy giant’s stock worth $166,489,000 after acquiring an additional 1,294,700 shares during the last quarter. BP PLC grew its stake in shares of Exelon Corporation by 92.7% in the third quarter. BP PLC now owns 212,000 shares of the energy giant’s stock worth $7,982,000 after acquiring an additional 102,000 shares during the last quarter. Finally, New York State Teachers Retirement System grew its stake in shares of Exelon Corporation by 1.2% in the third quarter. New York State Teachers Retirement System now owns 1,719,769 shares of the energy giant’s stock worth $64,784,000 after acquiring an additional 20,606 shares during the last quarter. Institutional investors and hedge funds own 77.28% of the company’s stock.
Exelon Corporation (NYSE:EXC) last released its earnings results on Thursday, November 2nd. The energy giant reported $0.85 earnings per share for the quarter, missing analysts’ consensus estimates of $0.86 by ($0.01). The company had revenue of $8.77 billion for the quarter, compared to the consensus estimate of $8.58 billion. Exelon Corporation had a net margin of 6.59% and a return on equity of 8.19%. The business’s revenue was down 2.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.91 earnings per share.
The business 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 dividend of $0.3275 per share. The ex-dividend date is Tuesday, November 14th. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.16%. Exelon Corporation’s payout ratio is 58.74%.
In other news, Chairman Mayo A. Shattuck III sold 34,585 shares of the company’s stock in a transaction on Monday, October 30th. The stock was sold at an average price of $40.25, for a total transaction of $1,392,046.25. Following the completion of the sale, the chairman now directly owns 402,234 shares in the company, valued at approximately $16,189,918.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Mayo A. Shattuck III sold 567,070 shares of the company’s stock in a transaction on Friday, October 27th. The shares were sold at an average price of $40.12, for a total value of $22,750,848.40. Following the sale, the chairman now owns 746,986 shares of the company’s stock, valued at $29,969,078.32. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,212,787 shares of company stock valued at $48,570,909. Corporate insiders own 0.70% of the company’s stock.
Several research analysts recently commented on EXC shares. KeyCorp reaffirmed a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a research report on Friday, September 1st. Bank of America Corporation started coverage on Exelon Corporation in a research report on Tuesday, October 24th. They issued a “buy” rating and a $43.00 target price for the company. BidaskClub raised Exelon Corporation from a “buy” rating to a “strong-buy” rating in a research report on Saturday, August 26th. Zacks Investment Research raised Exelon Corporation from a “sell” rating to a “hold” rating in a research report on Friday, October 20th. Finally, Citigroup Inc. raised Exelon Corporation from a “neutral” rating to a “buy” rating and raised their target price for the stock from $36.00 to $43.00 in a research report on Thursday, July 27th. 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 given a strong buy rating to the company’s stock. Exelon Corporation currently has an average rating of “Buy” and a consensus price target of $40.43.
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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