Exelon Corporation (NYSE:EXC) Shares Bought by Bank of Nova Scotia
Bank of Nova Scotia raised its position in shares of Exelon Corporation (NYSE:EXC) by 5.7% during the first quarter, according to its most recent disclosure with the SEC. The firm owned 1,638,712 shares of the energy giant’s stock after buying an additional 88,133 shares during the period. Bank of Nova Scotia owned approximately 0.18% of Exelon Corporation worth $58,961,000 as of its most recent SEC filing.
Several other large investors have also modified their holdings of EXC. Live Your Vision LLC boosted its stake in 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 during the last quarter. Assetmark Inc. boosted its stake in Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock valued at $107,000 after buying an additional 2,610 shares during the last quarter. Hudock Capital Group LLC boosted its stake in Exelon Corporation by 8.1% in the first quarter. Hudock Capital Group LLC now owns 3,193 shares of the energy giant’s stock valued at $114,000 after buying an additional 240 shares during the last quarter. Guardian Life Insurance Co. of America boosted its stake in 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 during the last quarter. Finally, Advisory Services Network LLC purchased a new stake in Exelon Corporation during the first quarter valued at about $135,000. Institutional investors and hedge funds own 74.90% of the company’s stock.
Shares of Exelon Corporation (EXC) traded up 0.05% on Thursday, reaching $38.44. 3,869,801 shares of the company were exchanged. The stock has a market capitalization of $35.60 billion, a PE ratio of 18.22 and a beta of 0.27. The company has a 50-day moving average price of $36.76 and a 200 day moving average price of $35.90. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78.
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, topping the Zacks’ consensus estimate of $0.52 by $0.02. The firm had revenue of $7.62 billion during the quarter, compared to the consensus estimate of $7.88 billion. Exelon Corporation had a net margin of 6.10% and a return on equity of 9.00%. The company’s revenue was up 10.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.65 EPS. On average, analysts forecast that Exelon Corporation will post $2.68 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 8th. Shareholders of record on Tuesday, August 15th will be issued a $0.3275 dividend. This represents a $1.31 dividend on an annualized basis and a yield of 3.41%. The ex-dividend date is Friday, August 11th. Exelon Corporation’s dividend payout ratio is presently 62.09%.
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EXC has been the subject of several research analyst reports. Barclays PLC reaffirmed an “overweight” rating and set a $43.00 target price (up previously from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, June 20th. Wells Fargo & Company lowered shares of Exelon Corporation from an “outperform” rating to a “market perform” rating in a research note on Wednesday, April 5th. ValuEngine lowered shares of Exelon Corporation from a “buy” rating to a “hold” rating in a research note on Saturday, June 3rd. Finally, BMO Capital Markets reaffirmed a “hold” rating and set a $37.00 target price on shares of Exelon Corporation in a research note on Thursday, May 4th. Seven investment analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The company currently has an average rating of “Buy” and an average price target of $39.71.
In other Exelon Corporation news, insider Denis P. O’brien sold 30,000 shares of the company’s stock in a transaction that occurred on Monday, July 31st. The stock was sold at an average price of $38.50, for a total value of $1,155,000.00. Following the completion of the transaction, the insider now owns 57,243 shares in the company, valued at approximately $2,203,855.50. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction that occurred on Monday, June 19th. The stock was sold at an average price of $37.05, for a total value of $493,987.65. Following the completion of the transaction, the executive vice president now owns 53,102 shares of the company’s stock, valued at approximately $1,967,429.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 927,844 shares of company stock valued at $34,570,885. 0.70% of the stock is owned by company 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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