Guggenheim Capital LLC Has $62,662,000 Stake in Exelon Corp. (EXC)
Guggenheim Capital LLC raised its position in Exelon Corp. (NYSE:EXC) by 7.8% during the second quarter, according to its most recent 13F filing with the SEC. The fund owned 1,723,377 shares of the energy giant’s stock after buying an additional 125,312 shares during the period. Guggenheim Capital LLC owned 0.19% of Exelon Corp. worth $62,662,000 as of its most recent filing with the SEC.
A number of other institutional investors have also modified their holdings of EXC. CT Financial Advisors LLC boosted its position in shares of Exelon Corp. by 0.3% in the second quarter. CT Financial Advisors LLC now owns 4,096 shares of the energy giant’s stock worth $149,000 after buying an additional 11 shares during the last quarter. Hudock Capital Group LLC boosted its position in Exelon Corp. by 0.5% in the second quarter. Hudock Capital Group LLC now owns 2,925 shares of the energy giant’s stock worth $106,000 after buying an additional 14 shares during the last quarter. Synovus Financial Corp boosted its position in Exelon Corp. by 0.3% in the second quarter. Synovus Financial Corp now owns 17,813 shares of the energy giant’s stock worth $651,000 after buying an additional 46 shares during the last quarter. FirstMerit Bank N A Trustee boosted its position in Exelon Corp. by 0.6% in the second quarter. FirstMerit Bank N A Trustee now owns 14,912 shares of the energy giant’s stock worth $542,000 after buying an additional 88 shares during the last quarter. Finally, DAVENPORT & Co LLC boosted its position in Exelon Corp. by 1.2% in the second quarter. DAVENPORT & Co LLC now owns 7,735 shares of the energy giant’s stock worth $281,000 after buying an additional 93 shares during the last quarter. Institutional investors own 74.79% of the company’s stock.
Exelon Corp. (NYSE:EXC) traded down 0.63% on Friday, hitting $30.00. 9,987,675 shares of the stock traded hands. The firm has a 50-day moving average price of $32.84 and a 200-day moving average price of $34.50. Exelon Corp. has a 12 month low of $25.09 and a 12 month high of $37.70. The company has a market capitalization of $27.70 billion, a PE ratio of 22.49 and a beta of 0.21.
Exelon Corp. (NYSE:EXC) last posted its quarterly earnings results on Wednesday, October 26th. The energy giant reported $0.91 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.78 by $0.13. The company had revenue of $8.84 billion for the quarter, compared to the consensus estimate of $7.97 billion. Exelon Corp. had a net margin of 3.88% and a return on equity of 8.81%. The firm’s revenue was up 19.2% compared to the same quarter last year. During the same quarter last year, the firm posted $0.83 EPS. Analysts forecast that Exelon Corp. will post $2.64 earnings per share for the current year.
The business also recently declared a quarterly dividend, which will be paid on Friday, December 9th. Investors of record on Tuesday, November 15th will be paid a $0.318 dividend. This represents a $1.27 annualized dividend and a yield of 4.24%. The ex-dividend date is Thursday, November 10th. Exelon Corp.’s dividend payout ratio is presently 94.78%.
A number of equities analysts have issued reports on EXC shares. Deutsche Bank AG upgraded shares of Exelon Corp. from a “hold” rating to a “buy” rating and boosted their price objective for the company from $36.00 to $39.00 in a research report on Friday, July 22nd. Zacks Investment Research cut shares of Exelon Corp. from a “hold” rating to a “sell” rating in a research report on Tuesday, July 19th. Jefferies Group restated a “buy” rating and issued a $36.00 price objective (down previously from $40.00) on shares of Exelon Corp. in a research report on Monday, October 10th. JPMorgan Chase & Co. decreased their price objective on shares of Exelon Corp. from $41.00 to $40.00 and set an “overweight” rating on the stock in a research report on Tuesday, August 16th. Finally, Citigroup Inc. boosted their price objective on shares of Exelon Corp. from $27.00 to $29.00 and gave the company a “sell” rating in a research report on Wednesday, July 20th. One analyst has rated the stock with a sell rating, seven have given a hold rating and eight have issued a buy rating to the company’s stock. Exelon Corp. currently has a consensus rating of “Hold” and an average price target of $36.57.
In related news, CEO Calvin Butler, Jr. sold 6,403 shares of the firm’s stock in a transaction dated Thursday, September 22nd. The shares were sold at an average price of $35.00, for a total value of $224,105.00. Following the transaction, the chief executive officer now owns 18,109 shares of the company’s stock, valued at approximately $633,815. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 0.80% of the stock is currently owned by corporate insiders.
About Exelon Corp.
Exelon Corporation is a utility services holding company. The Company operates through nine segments consisting of Exelon Generation Company, LLC’s (Generation’s) six power marketing segments, including Mid-Atlantic, Midwest, New England, New York, ERCOT and other regions; Commonwealth Edison Company (ComEd); PECO Energy Company (PECO), and Baltimore Gas and Electric Company (BGE).
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