State of Wisconsin Investment Board Has $43.64 Million Position in Exelon Corporation (EXC)
State of Wisconsin Investment Board boosted its position in shares of Exelon Corporation (NYSE:EXC) by 35.5% during the second quarter, Holdings Channel reports. The institutional investor owned 1,209,814 shares of the energy giant’s stock after buying an additional 317,140 shares during the period. State of Wisconsin Investment Board’s holdings in Exelon Corporation were worth $43,638,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently added to or reduced their stakes in EXC. 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 worth $429,000 after buying an additional 605 shares in the last quarter. Anderson Hoagland & Co. raised its stake in shares of Exelon Corporation by 1.9% in the first quarter. Anderson Hoagland & Co. now owns 52,893 shares of the energy giant’s stock worth $1,903,000 after buying an additional 1,002 shares in the last quarter. Bollard Group LLC raised its stake in shares of Exelon Corporation by 33.5% in the first quarter. Bollard Group LLC now owns 30,395 shares of the energy giant’s stock worth $1,094,000 after buying an additional 7,623 shares in the last quarter. Ledyard National Bank bought a new stake in shares of Exelon Corporation during the first quarter worth approximately $389,000. Finally, Middleton & Co Inc MA raised its stake in shares of Exelon Corporation by 2.7% in the first quarter. Middleton & Co Inc MA now owns 79,055 shares of the energy giant’s stock worth $2,844,000 after buying an additional 2,050 shares in the last quarter. Institutional investors and hedge funds own 72.01% of the company’s stock.
Exelon Corporation (NYSE EXC) opened at 37.84 on Wednesday. Exelon Corporation has a one year low of $29.82 and a one year high of $38.78. The firm’s 50-day moving average is $37.10 and its 200 day moving average is $36.07. The stock has a market cap of $36.33 billion, a P/E ratio of 20.01 and a beta of 0.27.
Exelon Corporation (NYSE:EXC) last issued its quarterly earnings results on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The company had revenue of $7.62 billion for the quarter, compared to the consensus estimate of $7.88 billion. During the same quarter in the prior year, the company earned $0.65 EPS. Exelon Corporation’s quarterly revenue was up 10.3% on a year-over-year basis. On average, analysts anticipate that Exelon Corporation will post $2.69 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Investors of record on Tuesday, August 15th will be issued a $0.3275 dividend. The ex-dividend date is Friday, August 11th. This represents a $1.31 annualized dividend and a yield of 3.46%. Exelon Corporation’s dividend payout ratio (DPR) is presently 68.59%.
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A number of brokerages have recently commented on EXC. Barclays PLC reiterated an “overweight” rating and issued a $44.00 price target (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday, August 9th. BidaskClub upgraded shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. upgraded shares of Exelon Corporation from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $36.00 to $43.00 in a research note on Thursday, July 27th. Deutsche Bank AG reiterated a “buy” rating and issued a $41.00 price target on shares of Exelon Corporation in a research note on Monday, July 17th. Finally, Wolfe Research upgraded shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Six research analysts have rated the stock with a hold rating and eleven have issued a buy rating to the company’s stock. Exelon Corporation currently has a consensus rating of “Buy” and an average price target of $39.92.
In related news, Chairman Mayo A. Shattuck III sold 465,892 shares of the stock in a transaction that occurred on Monday, June 12th. The shares were sold at an average price of $36.52, for a total value of $17,014,375.84. Following the transaction, the chairman now owns 567,649 shares in the company, valued at approximately $20,730,541.48. The sale was disclosed in a filing with the SEC, which is available through this link. Also, CFO Jonathan W. Thayer sold 202,950 shares of the stock in a transaction that occurred on Thursday, July 27th. The stock was sold at an average price of $38.00, for a total transaction of $7,712,100.00. Following the completion of the transaction, the chief financial officer now owns 237,181 shares in the company, valued at approximately $9,012,878. The disclosure for this sale can be found here. In the last quarter, insiders sold 927,844 shares of company stock worth $34,570,885. 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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