Exelon Corporation (NYSE:EXC) Position Held by Pinnacle Advisory Group Inc.
Pinnacle Advisory Group Inc. continued to hold its position in shares of Exelon Corporation (NYSE:EXC) during the second quarter, Holdings Channel reports. The institutional investor owned 8,408 shares of the energy giant’s stock at the end of the second quarter. Pinnacle Advisory Group Inc.’s holdings in Exelon Corporation were worth $303,000 at the end of the most recent quarter.
Several other institutional investors have also recently modified their holdings of the company. Raymond James Trust N.A. boosted its position in shares of Exelon Corporation by 2.7% in the first quarter. Raymond James Trust N.A. now owns 28,530 shares of the energy giant’s stock worth $1,027,000 after buying an additional 761 shares in the last quarter. Cornerstone Investment Partners LLC boosted its position in shares of Exelon Corporation by 0.4% in the first quarter. Cornerstone Investment Partners LLC now owns 9,801 shares of the energy giant’s stock worth $353,000 after buying an additional 36 shares in the last quarter. CT Financial Advisors LLC boosted its position in shares of Exelon Corporation by 0.3% in the first quarter. CT Financial Advisors LLC now owns 4,131 shares of the energy giant’s stock worth $149,000 after buying an additional 12 shares in the last quarter. Denali Advisors LLC boosted its position in shares of Exelon Corporation by 1,546.1% in the first quarter. Denali Advisors LLC now owns 125,100 shares of the energy giant’s stock worth $4,501,000 after buying an additional 117,500 shares in the last quarter. Finally, Indiana Trust & Investment Management CO boosted its position in shares of Exelon Corporation by 7.2% in the first quarter. Indiana Trust & Investment Management CO now owns 12,230 shares of the energy giant’s stock worth $440,000 after buying an additional 825 shares in the last quarter. Institutional investors own 74.91% of the company’s stock.
Shares of Exelon Corporation (NYSE EXC) traded down 0.067% during midday trading on Wednesday, hitting $37.135. The stock had a trading volume of 360,026 shares. The stock’s 50-day moving average is $36.40 and its 200-day moving average is $35.73. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $37.70. The stock has a market cap of $34.39 billion, a PE ratio of 17.675 and a beta of 0.26.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings results on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.62 by $0.03. The firm had revenue of $8.76 billion for the quarter, compared to the consensus estimate of $8.69 billion. Exelon Corporation had a return on equity of 9.00% and a net margin of 6.10%. The company’s quarterly revenue was up 15.6% on a year-over-year basis. During the same period in the prior year, the company posted $0.68 earnings per share. Equities analysts anticipate that Exelon Corporation will post $2.67 EPS for the current year.
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A number of equities analysts recently issued reports on the company. Deutsche Bank AG reiterated a “buy” rating and issued a $41.00 target price on shares of Exelon Corporation in a report on Monday. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. ValuEngine lowered Exelon Corporation from a “buy” rating to a “hold” rating in a research report on Saturday, June 3rd. Wells Fargo & Company lowered Exelon Corporation from an “outperform” rating to a “market perform” rating in a research report on Wednesday, April 5th. Finally, Wolfe Research raised Exelon Corporation from a “market perform” rating to an “outperform” rating in a research report on Monday. Nine analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Exelon Corporation presently has a consensus rating of “Buy” and a consensus price target of $39.07.
In other Exelon Corporation news, Director John W. Rogers, Jr. purchased 3,000 shares of the stock in a transaction dated Thursday, May 11th. The shares were purchased at an average cost of $33.57 per share, with a total value of $100,710.00. Following the completion of the acquisition, the director now directly owns 14,374 shares in the company, valued at approximately $482,535.18. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction 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 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. Corporate insiders own 0.70% of the company’s stock.
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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