Exelon Corporation (EXC) Shares Bought by Canada Pension Plan Investment Board
Canada Pension Plan Investment Board increased its stake in shares of Exelon Corporation (NYSE:EXC) by 6.7% during the second quarter, Holdings Channel reports. The fund owned 3,124,963 shares of the energy giant’s stock after buying an additional 194,900 shares during the period. Canada Pension Plan Investment Board’s holdings in Exelon Corporation were worth $112,717,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Summit Financial Group Inc. bought a new position in Exelon Corporation during the second quarter valued at $240,000. HL Financial Services LLC bought a new position in Exelon Corporation during the second quarter valued at $282,000. Advisor Partners LLC boosted its position in Exelon Corporation by 1.6% in the second quarter. Advisor Partners LLC now owns 11,142 shares of the energy giant’s stock valued at $402,000 after buying an additional 173 shares during the last quarter. Tdam USA Inc. bought a new position in Exelon Corporation during the second quarter valued at $207,000. Finally, Financial Consulate Inc. boosted its position in Exelon Corporation by 38.6% in the second quarter. Financial Consulate Inc. now owns 9,393 shares of the energy giant’s stock valued at $339,000 after buying an additional 2,616 shares during the last quarter. 74.81% of the stock is owned by institutional investors.
Shares of Exelon Corporation (NYSE:EXC) opened at 37.70 on Thursday. Exelon Corporation has a 12-month low of $29.82 and a 12-month high of $38.78. The company has a market cap of $34.91 billion, a price-to-earnings ratio of 19.76 and a beta of 0.27. The stock has a 50 day moving average of $37.00 and a 200 day moving average of $36.00.
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, beating the Zacks’ 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 firm had revenue of $7.62 billion during the quarter, compared to analyst estimates of $7.88 billion. During the same quarter in the prior year, the firm posted $0.65 earnings per share. Exelon Corporation’s quarterly revenue was up 10.3% on a year-over-year basis. Equities research analysts predict that Exelon Corporation will post $2.69 earnings per share for the current fiscal year.
The company also recently disclosed 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. This represents a $1.31 dividend on an annualized basis and a dividend yield of 3.47%. The ex-dividend date of this dividend is Friday, August 11th. Exelon Corporation’s dividend payout ratio is currently 68.59%.
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Several equities analysts recently weighed in on the stock. Barclays PLC reaffirmed an “overweight” rating and set a $44.00 target price (up from $43.00) on shares of Exelon Corporation in a research note on Wednesday. BidaskClub raised shares of Exelon Corporation from a “hold” rating to a “buy” rating in a research note on Tuesday, August 1st. Citigroup Inc. raised shares of Exelon Corporation from a “neutral” rating to a “buy” rating and raised their target price for the company from $36.00 to $43.00 in a research note on Thursday, July 27th. Deutsche Bank AG reaffirmed a “buy” rating and set a $41.00 target price on shares of Exelon Corporation in a research note on Monday, July 17th. Finally, Wolfe Research raised shares of Exelon Corporation from a “market perform” rating to an “outperform” rating in a research note on Monday, July 17th. Seven analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The company presently has a consensus rating of “Buy” and a consensus target price of $39.71.
In related news, Chairman Mayo A. Shattuck III sold 465,892 shares of the company’s stock in a transaction dated 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 completion of the sale, the chairman now owns 567,649 shares of the company’s stock, valued at $20,730,541.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Paymon Aliabadi sold 13,333 shares of the company’s stock in a transaction dated Monday, June 19th. The shares were sold at an average price of $37.05, for a total transaction of $493,987.65. Following the completion of the sale, the executive vice president now directly 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. Insiders sold 927,844 shares of company stock valued at $34,570,885 in the last three months. 0.70% of the stock is currently owned by insiders.
Exelon Corporation Company Profile
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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