James Investment Research Inc. Acquires 225,630 Shares of Exelon Corporation (EXC)
James Investment Research Inc. boosted its stake in shares of Exelon Corporation (NYSE:EXC) by 2,504.2% during the second quarter, Holdings Channel reports. The institutional investor owned 234,640 shares of the energy giant’s stock after buying an additional 225,630 shares during the period. James Investment Research Inc.’s holdings in Exelon Corporation were worth $8,463,000 at the end of the most recent quarter.
Other large investors have also recently made changes to their positions in the company. CT Financial Advisors LLC raised its stake 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 valued at $149,000 after buying an additional 12 shares in the last quarter. Live Your Vision LLC raised its stake 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 valued at $106,000 after buying an additional 27 shares in the last quarter. Chesley Taft & Associates LLC raised its stake 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 valued at $213,000 after buying an additional 35 shares in the last quarter. Cornerstone Investment Partners LLC raised its stake 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 valued at $353,000 after buying an additional 36 shares in the last quarter. Finally, Guardian Life Insurance Co. of America raised its stake 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 valued at $129,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 74.91% of the company’s stock.
Exelon Corporation (NYSE EXC) opened at 36.06 on Monday. The company has a market capitalization of $33.40 billion, a P/E ratio of 17.16 and a beta of 0.26. Exelon Corporation has a 12 month low of $29.82 and a 12 month high of $37.70. The firm has a 50-day moving average price of $36.06 and a 200 day moving average price of $35.67.
Exelon Corporation (NYSE:EXC) last released its quarterly earnings data on Wednesday, May 3rd. The energy giant reported $0.65 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.62 by $0.03. The firm had revenue of $8.76 billion for the quarter, compared to analyst estimates of $8.69 billion. Exelon Corporation had a return on equity of 9.00% and a net margin of 6.10%. The business’s revenue for the quarter was up 15.6% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.68 earnings per share. Analysts expect that Exelon Corporation will post $2.67 EPS for the current year.
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Several 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. BidaskClub upgraded Exelon Corporation from a “hold” rating to a “buy” rating in a report on Tuesday, June 20th. Credit Suisse Group reiterated a “buy” rating and set a $42.00 price target on shares of Exelon Corporation in a report on Tuesday, May 30th. ValuEngine lowered Exelon Corporation from a “buy” rating to a “hold” rating in a report on Saturday, June 3rd. Finally, BMO Capital Markets reiterated a “hold” rating and set a $37.00 price target on shares of Exelon Corporation in a report on Thursday, May 4th. Nine analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Exelon Corporation presently has a consensus rating of “Hold” and a consensus target price of $38.86.
In other Exelon Corporation news, Chairman Mayo A. Shattuck III sold 465,892 shares of the company’s stock in a transaction that occurred on Monday, June 12th. The stock was sold at an average price of $36.52, for a total value of $17,014,375.84. Following the sale, the chairman now owns 567,649 shares in the company, valued at $20,730,541.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director John W. Rogers, Jr. acquired 3,000 shares of the company’s stock in a transaction on Thursday, May 11th. The stock was acquired at an average price of $33.57 per share, for a total transaction of $100,710.00. Following the purchase, the director now directly owns 14,374 shares of the company’s stock, valued at $482,535.18. The disclosure for this purchase can be found here. 0.70% of the stock is owned by corporate 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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