Parkwood LLC Raises Stake in Exelon Corporation (EXC)
Parkwood LLC increased its position in shares of Exelon Corporation (NYSE:EXC) by 383.4% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 78,568 shares of the energy giant’s stock after buying an additional 62,314 shares during the period. Parkwood LLC’s holdings in Exelon Corporation were worth $2,834,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors also recently bought and sold shares of the company. Live Your Vision LLC increased 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. Assetmark Inc. increased its position in Exelon Corporation by 703.5% in the first quarter. Assetmark Inc. now owns 2,981 shares of the energy giant’s stock worth $107,000 after buying an additional 2,610 shares during the period. V Wealth Management LLC bought a new position in Exelon Corporation during the second quarter valued at $111,000. Hudock Capital Group LLC increased its position 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 period. Finally, Jacobi Capital Management LLC boosted its stake in Exelon Corporation by 12.3% in the first quarter. Jacobi Capital Management LLC now owns 3,388 shares of the energy giant’s stock worth $122,000 after buying an additional 372 shares in the last quarter. 74.81% of the stock is owned by institutional investors.
Exelon Corporation (EXC) traded down 0.03% during mid-day trading on Tuesday, reaching $38.21. 3,390,420 shares of the company’s stock were exchanged. Exelon Corporation has a 1-year low of $29.82 and a 1-year high of $38.78. The stock has a market capitalization of $35.39 billion, a PE ratio of 20.03 and a beta of 0.27. The firm’s 50-day moving average is $36.76 and its 200 day moving average is $35.90.
Exelon Corporation (NYSE:EXC) last announced its quarterly earnings data on Wednesday, August 2nd. The energy giant reported $0.54 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.52 by $0.02. The company had revenue of $7.62 billion for the quarter, compared to analysts’ expectations of $7.88 billion. Exelon Corporation had a net margin of 5.41% and a return on equity of 8.47%. The business’s revenue was up 10.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.65 EPS. Analysts forecast that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 8th. Stockholders of record on Tuesday, August 15th will be paid a $0.3275 dividend. The ex-dividend date of this dividend is Friday, August 11th. This represents a $1.31 annualized dividend and a dividend yield of 3.43%. Exelon Corporation’s dividend payout ratio is currently 68.59%.
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Several equities research analysts have recently issued reports on EXC shares. Jefferies Group LLC reaffirmed a “buy” rating and issued a $39.50 target price on shares of Exelon Corporation in a report on Thursday, April 20th. Barclays PLC reissued an “overweight” rating and set a $43.00 price objective (up from $40.00) on shares of Exelon Corporation in a research note on Sunday, April 23rd. BMO Capital Markets reissued a “hold” rating and set a $37.00 price objective on shares of Exelon Corporation in a research note on Thursday, May 4th. UBS AG raised Exelon Corporation from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $36.00 to $37.50 in a research note on Monday, May 15th. Finally, Credit Suisse Group restated a “buy” rating and set a $42.00 target price on shares of Exelon Corporation in a research report on Tuesday, May 30th. Seven equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $39.71.
In other news, CFO Jonathan W. Thayer sold 202,950 shares of Exelon Corporation stock in a transaction that occurred on Thursday, July 27th. The shares were sold at an average price of $38.00, for a total value of $7,712,100.00. Following the transaction, the chief financial officer now owns 237,181 shares of the company’s stock, valued at approximately $9,012,878. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, insider Denis P. O’brien sold 30,000 shares of the firm’s stock in a transaction dated Monday, July 31st. The stock was sold at an average price of $38.50, for a total transaction of $1,155,000.00. Following the completion of the transaction, the insider now owns 57,243 shares of the company’s stock, valued at $2,203,855.50. The disclosure for this sale can be found here. Insiders sold a total of 927,844 shares of company stock worth $34,570,885 in the last ninety days. 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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