Exelon Corporation (EXC) Stake Cut by Lesa Sroufe & Co
Lesa Sroufe & Co lowered its position in Exelon Corporation (NYSE:EXC) by 0.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 106,805 shares of the energy giant’s stock after selling 970 shares during the period. Exelon Corporation makes up approximately 3.6% of Lesa Sroufe & Co’s investment portfolio, making the stock its 14th largest position. Lesa Sroufe & Co’s holdings in Exelon Corporation were worth $3,852,000 as of its most recent filing with the SEC.
Other institutional investors have also modified their holdings of the company. SG Americas Securities LLC increased its position in Exelon Corporation by 42.3% in the second quarter. SG Americas Securities LLC now owns 255,492 shares of the energy giant’s stock valued at $9,216,000 after buying an additional 75,917 shares during the period. Northpointe Capital LLC increased its position in Exelon Corporation by 4.6% in the second quarter. Northpointe Capital LLC now owns 136,721 shares of the energy giant’s stock valued at $4,932,000 after buying an additional 6,006 shares during the period. NewSquare Capital LLC increased its position in Exelon Corporation by 6.4% in the second quarter. NewSquare Capital LLC now owns 29,796 shares of the energy giant’s stock valued at $1,075,000 after buying an additional 1,798 shares during the period. State of Wisconsin Investment Board increased its position in Exelon Corporation by 35.5% in the second quarter. State of Wisconsin Investment Board now owns 1,209,814 shares of the energy giant’s stock valued at $43,638,000 after buying an additional 317,140 shares during the period. Finally, Advisors Preferred LLC purchased a new position in Exelon Corporation during the second quarter valued at $348,000. Institutional investors own 72.01% of the company’s stock.
Shares of Exelon Corporation (NYSE:EXC) opened at 37.84 on Wednesday. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78. The firm has a market cap of $36.33 billion, a PE ratio of 20.01 and a beta of 0.27. The company has a 50 day moving average price of $37.10 and a 200 day moving average price of $36.07.
Exelon Corporation (NYSE:EXC) last posted its earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.52 by $0.02. Exelon Corporation had a return on equity of 8.47% and a net margin of 5.41%. The firm had revenue of $7.62 billion for the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the company earned $0.65 EPS. Exelon Corporation’s revenue was up 10.3% on a year-over-year basis. On average, analysts forecast that Exelon Corporation will post $2.69 earnings per share for the current fiscal 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 paid a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 3.46%. 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 research firms have recently weighed in on EXC. Barclays PLC restated an “overweight” rating and issued a $44.00 target price (up previously from $43.00) on shares of Exelon Corporation in a research report on Wednesday, August 9th. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a research report on Tuesday, August 1st. Citigroup Inc. upgraded Exelon Corporation from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $43.00 in a research report on Thursday, July 27th. Deutsche Bank AG restated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a research report on Monday, July 17th. Finally, Wolfe Research upgraded Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday, July 17th. Six investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $39.92.
In related news, EVP Jonathan W. Thayer sold 215,669 shares of the company’s stock in a transaction that occurred 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 sale, the executive vice president now owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction that occurred 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 directly owns 57,243 shares in the company, valued at approximately $2,203,855.50. The disclosure for this sale can be found here. In the last ninety days, insiders sold 927,844 shares of company stock worth $34,570,885. 0.70% of the stock is owned by corporate 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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