Exelon Corporation (EXC) Shares Sold by KBC Group NV
KBC Group NV reduced its stake in Exelon Corporation (NYSE:EXC) by 20.2% during the second quarter, according to its most recent filing with the SEC. The firm owned 1,392,458 shares of the energy giant’s stock after selling 352,233 shares during the period. KBC Group NV’s holdings in Exelon Corporation were worth $50,226,000 as of its most recent SEC filing.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. James Investment Research Inc. boosted its position in Exelon Corporation by 3.6% in the first quarter. James Investment Research Inc. now owns 9,010 shares of the energy giant’s stock valued at $324,000 after buying an additional 312 shares during the period. Wagner Bowman Management Corp raised its stake in shares of Exelon Corporation by 19.9% in the first quarter. Wagner Bowman Management Corp now owns 16,036 shares of the energy giant’s stock valued at $577,000 after buying an additional 2,665 shares in the last quarter. Hexavest Inc. raised its stake in shares of Exelon Corporation by 46.4% in the first quarter. Hexavest Inc. now owns 1,519,032 shares of the energy giant’s stock valued at $54,655,000 after buying an additional 481,250 shares in the last quarter. State of Alaska Department of Revenue purchased a new stake in shares of Exelon Corporation during the first quarter valued at about $743,000. Finally, City Holding Co. raised its stake in shares of Exelon Corporation by 5.3% in the first quarter. City Holding Co. now owns 11,923 shares of the energy giant’s stock valued at $429,000 after buying an additional 605 shares in the last quarter. Institutional investors own 72.01% of the company’s stock.
Shares of Exelon Corporation (NYSE EXC) opened at 37.60 on Friday. Exelon Corporation has a 52 week low of $29.82 and a 52 week high of $38.78. The stock has a market cap of $36.10 billion, a price-to-earnings ratio of 19.88 and a beta of 0.27. The company has a 50-day moving average price of $37.18 and a 200-day moving average price of $36.10.
Exelon Corporation (NYSE:EXC) last posted its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) 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 during the quarter, compared to analysts’ expectations of $7.88 billion. During the same quarter in the previous year, the business earned $0.65 EPS. Exelon Corporation’s revenue was up 10.3% compared to the same quarter last year. Equities analysts anticipate that Exelon Corporation will post $2.69 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be issued a dividend of $0.3275 per share. This represents a $1.31 dividend on an annualized basis and a yield of 3.48%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s payout ratio is currently 68.59%.
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Several analysts have issued reports on EXC shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.50 target price on shares of Exelon Corporation in a research note on Thursday, April 20th. Barclays PLC reaffirmed an “overweight” rating and issued a $43.00 target price (up previously from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. BMO Capital Markets reaffirmed a “hold” rating and issued a $37.00 target price on shares of Exelon Corporation in a research note on Thursday, May 4th. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and upped their target price for the stock from $36.00 to $37.50 in a research note on Monday, May 15th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $42.00 target price on shares of Exelon Corporation in a research note on Tuesday, May 30th. Six research analysts have rated the stock with a hold rating and ten have given a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $39.92.
In other Exelon Corporation news, EVP Jonathan W. Thayer sold 215,669 shares of the company’s stock in a transaction on Friday, July 28th. The stock was sold at an average price of $38.00, for a total value of $8,195,422.00. Following the completion of the sale, the executive vice president now directly owns 237,181 shares in the company, valued at approximately $9,012,878. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction on Monday, July 31st. The stock was 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 of the company’s stock, valued at $2,203,855.50. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 927,844 shares of company stock valued at $34,570,885. 0.70% of the stock is owned by company insiders.
Exelon Corporation Company Profile
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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